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Stifel Financial Corp Decreased Stake in Qualcomm INC (QCOM) by $3.29 Million

11 March 2018

The institutional investor held 3,400 shares of the semiconductors company at the end of 2017Q3, valued at $608,000, down from 5,880 at the end of the previous reported quarter. The stock increased 4.82% or $0.33 during the last trading session, reaching $7.17. State Of Tennessee Treasury Department holds 0.47% or 1.05M shares in its portfolio. AbbVie Inc. (NYSE:ABBV) has risen 10.63% since March 11, 2017 and is uptrending. It has underperformed by 24.32% the S&P500.

Patten Group Inc decreased its stake in Qualcomm Inc (QCOM) by 58.35% based on its latest 2017Q3 regulatory filing with the SEC. The institutional investor held 3.01 million shares of the radio and television broadcasting and communications equipment company at the end of 2017Q3, valued at $155.95 million, down from 3.27M at the end of the previous reported quarter. First Interstate Bank who had been investing in Qualcomm Inc for a number of months, seems to be bullish on the $93.31B market cap company. The stock had a trading volume of 9,085,205 shares, compared to its average volume of 14,840,000.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, January 31st. It has underperformed by 7.39% the S&P500.

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Analysts await AbbVie Inc.

In other news, EVP Alexander H. Rogers sold 1,180 shares of the firm's stock in a transaction that occurred on Tuesday, February 27th. Therefore 60% are positive. Encana Corporation had 125 analyst reports since July 21, 2015 according to SRatingsIntel. Moffett Nathanson initiated CenturyLink, Inc. Cowen & Co maintained CenturyLink, Inc. (NASDAQ:SSNC) earned "Buy" rating by Jefferies on Friday, July 7. Logan Capital Management Inc. now owns 11,095 shares of the wireless technology company's stock worth $613,000 after purchasing an additional 64 shares during the period. (NYSE:CTL) has "Neutral" rating given on Monday, January 8 by Goldman Sachs. Also, EVP Alexander H. Rogers sold 919 shares of the company's stock in a transaction dated Wednesday, December 27th. As per Thursday, October 19, the company rating was maintained by Citigroup. Northland Capital has "Market Perform" rating and $62.50 target. On Monday, July 27 the stock rating was upgraded by Morgan Stanley to "Overweight". Cowen & Co maintained it with "Hold" rating and $45.0 target in Wednesday, January 10 report. The firm has "Buy" rating given on Monday, June 12 by Needham.

Cwm Llc, which manages about $1.90 billion and $2.12B US Long portfolio, decreased its stake in Ishares Tr (TIP) by 79,491 shares to 554 shares, valued at $63,000 in 2017Q3, according to the filing. It also reduced its holding in Workday Inc (NYSE:WDAY) by 10,091 shares in the quarter, leaving it with 129,938 shares, and cut its stake in Lamar Advertising Co (NASDAQ:LAMR). Its down 0.71, from 2.05 in 2017Q2.

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TRADEMARK VIOLATION WARNING: "Strs Ohio Sells 22,265 Shares of QUALCOMM, Inc". 73 funds opened positions while 98 raised stakes. Puzo Michael J invested in 0.21% or 7,745 shares. Ipg Advsrs Lc holds 2.58% or 144,470 shares in its portfolio. Metropolitan Life Insur Company reported 260,689 shares. Centers Of America invested 0.02% of its portfolio in CenturyLink, Inc. Central Natl Bank Tru invested in 0.04% or 2,759 shares. (NYSE:ABBV) or 145,510 shares. Barrett Asset Mgmt Limited Co owns 774 shares or 0% of their U.S. portfolio. Pinnacle Associate Limited owns 163,506 shares. Livforsakringsbolaget Skandia Omsesidigt has invested 0.01% in SS&C Technologies Holdings, Inc. Amer Century Inc holds 0% in SS&C Technologies Holdings, Inc. (NYSE:CTL) for 800,000 shares. Excalibur holds 0.55% or 12,577 shares in its portfolio. (NYSE:CTL) for 51,020 shares. (NYSE:CTL) to report earnings on May, 2. CTL's profit will be $181.87M for 26.38 P/E if the $0.17 EPS becomes a reality.

Shares of QUALCOMM, Inc. The firm's revenue for the quarter was up 1.7% on a year-over-year basis. analysts forecast that QUALCOMM, Inc. will post 2.8 EPS for the current year. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and fourteen have assigned a buy rating to the stock. Therefore 48% are positive. Stifel Nicolaus maintained it with "Buy" rating and $70 target in Thursday, July 23 report. The firm has "Buy" rating by Evercore given on Tuesday, October 6. Barclays Capital downgraded the stock to "Equal-Weight" rating in Monday, March 28 report. Canaccord Genuity raised their target price on shares of QUALCOMM from $76.00 to $83.00 and gave the company a "buy" rating in a research note on Monday, November 13th. As per Friday, July 15, the company rating was downgraded by BMO Capital Markets. Stockholders of record on Wednesday, February 28th will be paid a $0.57 dividend. On Wednesday, November 11 the stock rating was initiated by FBR Capital with "Outperform". The rating was maintained by Mizuho with "Neutral" on Friday, February 12.

Investors sentiment increased to 1.36 in Q3 2017. Its up 0.09, from 1.21 in 2017Q2. It turned negative, as 83 investors sold QCOM shares while 490 reduced holdings. Inc. raised its position in QUALCOMM by 25.9% during the fourth quarter. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) earned "Buy" rating by RBC Capital Markets on Tuesday, November 14. Thompson Inc holds 149,529 shares or 1.45% of its portfolio. Northern Trust Corp now owns 19,519,161 shares of the wireless technology company's stock valued at $1,077,848,000 after buying an additional 499,531 shares during the period. Viking Fund Mngmt Limited Liability Com holds 67,000 shares or 0.55% of its portfolio. Cornerstone Investment Partners LLC grew its stake in QUALCOMM by 102.2% during the fourth quarter. Rech Glob owns 189.02M shares. Switzerland-based Lombard Odier Asset Management (Switzerland) has invested 0.03% in QUALCOMM Incorporated (NASDAQ:QCOM). 16,835 were reported by Boston Ptnrs. Grantham Mayo Van Otterloo & Com Ltd Liability Corp reported 5.47M shares. Moreover, Macnealy Hoover Inv Mngmt Inc has 0.86% invested in QUALCOMM Incorporated (NASDAQ:QCOM). Massachusetts-based American Research & Mngmt has invested 0.04% in QUALCOMM Incorporated (NASDAQ:QCOM). 451 were accumulated by Capital Advsr Ltd Liability. 4,390 are held by Johnson Counsel.

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Since September 27, 2017, it had 0 insider purchases, and 5 selling transactions for $2.98 million activity. Martin Tn owns 0.54% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 31,770 shares. QUALCOMM's revenue was up 1.7% on a year-over-year basis. analysts expect that QUALCOMM, Inc. will post 2.8 earnings per share for the current fiscal year. Veritas Asset Management LLP now owns 13,429,265 shares of the wireless technology company's stock valued at $696,173,000 after acquiring an additional 5,453,631 shares in the last quarter.