As Qualcomm INC (QCOM) Market Valuation Rose, Minneapolis Portfolio Management Group LLC Has Lifted by $18.75 Million Its Position

QUALCOMM Incorporated (NASDAQ:QCOM) LogoInvestors sentiment increased to 0.94 in Q2 2018. Its up 0.16, from 0.78 in 2018Q1. It improved, as 71 investors sold QCOM shares while 446 reduced holdings. 110 funds opened positions while 376 raised stakes. 1.10 billion shares or 0.53% less from 1.11 billion shares in 2018Q1 were reported. Boston Common Asset Mgmt Ltd Company invested in 12,521 shares or 0.09% of the stock. Moreover, Avalon Limited Company has 0.01% invested in QUALCOMM Incorporated (NASDAQ:QCOM). Pictet North America accumulated 0.05% or 5,500 shares. Ubs Oconnor Ltd Llc accumulated 450,000 shares. Miles reported 0.58% stake. Barrett Asset Mgmt Lc holds 0% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM) for 1,165 shares. Endurance Wealth Management stated it has 3.38% in QUALCOMM Incorporated (NASDAQ:QCOM). Moreover, Green Square Cap Lc has 0.98% invested in QUALCOMM Incorporated (NASDAQ:QCOM). Winslow Evans And Crocker holds 0.14% in QUALCOMM Incorporated (NASDAQ:QCOM) or 8,196 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Management Corporation accumulated 24,900 shares. Shine Investment Advisory Serv Incorporated holds 0.03% or 1,139 shares. Kentucky Retirement reported 0.36% stake. First Allied Advisory Service holds 112,537 shares. Tradewinds Cap Limited Liability Corporation invested in 0.05% or 2,014 shares. Hamel Assoc has invested 0.61% in QUALCOMM Incorporated (NASDAQ:QCOM).

Since June 27, 2018, it had 0 buys, and 6 selling transactions for $6.69 million activity. $6.10M worth of QUALCOMM Incorporated (NASDAQ:QCOM) shares were sold by AMON CRISTIANO R. Rosenberg Donald J sold $347,746 worth of stock or 6,297 shares.

Minneapolis Portfolio Management Group Llc increased its stake in Qualcomm Inc (QCOM) by 118.6% based on its latest 2018Q2 regulatory filing with the SEC. Minneapolis Portfolio Management Group Llc bought 334,800 shares as the company’s stock rose 21.16% with the market. The institutional investor held 617,105 shares of the radio and television broadcasting and communications equipment company at the end of 2018Q2, valued at $34.63 million, up from 282,305 at the end of the previous reported quarter. Minneapolis Portfolio Management Group Llc who had been investing in Qualcomm Inc for a number of months, seems to be bullish on the $69.23B market cap company. It closed at $57.11 lastly. It is down 40.96% since December 7, 2017 and is uptrending. It has outperformed by 25.34% the S&P500.

More notable recent QUALCOMM Incorporated (NASDAQ:QCOM) news were published by: Nasdaq.com which released: “Qualcomm Earnings: QCOM Stock Slides on Revenue Guidance Miss – Nasdaq” on November 07, 2018, also Fool.com with their article: “This Might Be the Real Reason Apple’s Not Launching a 5G iPhone Until 2020 – The Motley Fool” published on December 05, 2018, Investorplace.com published: “The Market Is Right About Qualcomm Stock – Investorplace.com” on November 21, 2018. More interesting news about QUALCOMM Incorporated (NASDAQ:QCOM) were released by: Nasdaq.com and their article: “What Happened in the Stock Market Today – Nasdaq” published on December 03, 2018 as well as Seekingalpha.com‘s news article titled: “Qualcomm Lacks Near Term Growth Prospects – Seeking Alpha” with publication date: November 12, 2018.

QUALCOMM Incorporated (NASDAQ:QCOM) Ratings Coverage

Among 10 analysts covering Qualcomm (NASDAQ:QCOM), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. Qualcomm has $88 highest and $58 lowest target. $75.13’s average target is 31.55% above currents $57.11 stock price. Qualcomm had 13 analyst reports since July 26, 2018 according to SRatingsIntel. The rating was maintained by Canaccord Genuity with “Buy” on Thursday, August 23. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Buy” rating given on Tuesday, September 4 by Nomura. Macquarie Research upgraded QUALCOMM Incorporated (NASDAQ:QCOM) rating on Tuesday, September 4. Macquarie Research has “Outperform” rating and $84 target. The rating was maintained by KeyBanc Capital Markets on Thursday, July 26 with “Overweight”. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) earned “Neutral” rating by Bank of America on Wednesday, October 31. Morgan Stanley upgraded the stock to “Equal-Weight” rating in Friday, November 16 report. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, September 27 report. The rating was upgraded by Cowen & Co on Monday, August 6 to “Outperform”. UBS maintained it with “Neutral” rating and $67 target in Monday, November 5 report. The firm has “Buy” rating given on Tuesday, September 25 by Canaccord Genuity.

QUALCOMM Incorporated (NASDAQ:QCOM) Institutional Positions Chart

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