Seagate Technology plc (STX) EPS Estimated At $1.31; Thornburg Investment Management Has Boosted By $4.83 Million Its Qualcomm (QCOM) Holding

April 17, 2018 - By Ellis Scott

QUALCOMM Incorporated (NASDAQ:QCOM) Logo

Thornburg Investment Management Inc increased Qualcomm Inc (QCOM) stake by 1.49% reported in 2017Q4 SEC filing. Thornburg Investment Management Inc acquired 75,475 shares as Qualcomm Inc (QCOM)’s stock declined 15.28%. The Thornburg Investment Management Inc holds 5.13 million shares with $328.29 million value, up from 5.05M last quarter. Qualcomm Inc now has $81.08 billion valuation. The stock decreased 1.72% or $0.96 during the last trading session, reaching $54.77. About 7.71 million shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has declined 3.21% since April 17, 2017 and is downtrending. It has underperformed by 14.76% the S&P500.

Analysts expect Seagate Technology plc (NASDAQ:STX) to report $1.31 EPS on May, 1 before the open.They anticipate $0.21 EPS change or 19.09% from last quarter’s $1.1 EPS. STX’s profit would be $373.12M giving it 11.67 P/E if the $1.31 EPS is correct. After having $1.48 EPS previously, Seagate Technology plc’s analysts see -11.49% EPS growth. The stock increased 0.89% or $0.54 during the last trading session, reaching $61.15. About 1.83M shares traded. Seagate Technology plc (NASDAQ:STX) has risen 27.74% since April 17, 2017 and is uptrending. It has outperformed by 16.19% the S&P500.

Thornburg Investment Management Inc decreased Monster Beverage Corp stake by 26,450 shares to 260,472 valued at $16.49 million in 2017Q4. It also reduced Brf Sa (NYSE:BRFS) stake by 257,265 shares and now owns 1.31 million shares. Affiliated Managers Group (NYSE:AMG) was reduced too.

Investors sentiment decreased to 0.83 in 2017 Q4. Its down 0.02, from 0.85 in 2017Q3. It worsened, as 89 investors sold QCOM shares while 518 reduced holdings. 160 funds opened positions while 346 raised stakes. 1.11 billion shares or 0.73% more from 1.10 billion shares in 2017Q3 were reported. Anchor Capital Lc holds 0.08% or 34,896 shares. Cibc Asset Inc holds 185,725 shares. 37,054 were accumulated by Lmr Ptnrs Ltd Liability Partnership. Quantitative Management Llc stated it has 0.24% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Lpl Fincl Limited Liability Company, California-based fund reported 294,627 shares. Goldman Sachs Grp Inc holds 9.71M shares. Berkshire Asset Ltd Limited Liability Company Pa holds 1.37% or 220,098 shares in its portfolio. Liberty Mutual Gru Asset owns 58,885 shares. Illinois-based Peak6 Investments LP has invested 0.11% in QUALCOMM Incorporated (NASDAQ:QCOM). Invesco Ltd invested in 25.06 million shares or 0.58% of the stock. 13,245 are owned by Fayerweather Charles. Royal Bankshares Of Canada accumulated 0.19% or 6.66M shares. D E Shaw & invested in 0.56% or 6.36M shares. California-based Dowling And Yahnke Llc has invested 0.95% in QUALCOMM Incorporated (NASDAQ:QCOM). Summit Securities Gp Lc holds 250,200 shares.

Among 37 analysts covering Qualcomm Inc. (NASDAQ:QCOM), 16 have Buy rating, 2 Sell and 19 Hold. Therefore 43% are positive. Qualcomm Inc. had 142 analyst reports since July 23, 2015 according to SRatingsIntel. Mizuho maintained QUALCOMM Incorporated (NASDAQ:QCOM) rating on Tuesday, September 6. Mizuho has “Neutral” rating and $59 target. Oppenheimer maintained it with “Outperform” rating and $70 target in Thursday, July 23 report. The rating was downgraded by BMO Capital Markets on Friday, July 15 to “Underperform”. The firm has “Equal-Weight” rating by Barclays Capital given on Monday, March 28. Wells Fargo downgraded QUALCOMM Incorporated (NASDAQ:QCOM) on Monday, November 6 to “Hold” rating. The rating was maintained by Mizuho with “Neutral” on Thursday, January 14. Vetr upgraded QUALCOMM Incorporated (NASDAQ:QCOM) rating on Wednesday, August 19. Vetr has “Buy” rating and $69.25 target. The rating was downgraded by CLSA to “Underperform” on Monday, January 23. Topeka Capital Markets maintained QUALCOMM Incorporated (NASDAQ:QCOM) rating on Thursday, July 23. Topeka Capital Markets has “Hold” rating and $65 target. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Buy” rating given on Thursday, October 22 by Rosenblatt.

Since October 27, 2017, it had 0 insider purchases, and 6 selling transactions for $6.14 million activity. GROB MATTHEW S sold $2.81 million worth of stock. Another trade for 713 shares valued at $48,627 was sold by ROGERS ALEXANDER H. The insider THOMPSON JAMES H sold $3.14 million.

Investors sentiment increased to 0.89 in Q4 2017. Its up 0.11, from 0.78 in 2017Q3. It increased, as 52 investors sold Seagate Technology plc shares while 161 reduced holdings. 80 funds opened positions while 109 raised stakes. 244.40 million shares or 5.86% less from 259.60 million shares in 2017Q3 were reported. Everence Capital Management Incorporated reported 0.04% stake. State Of Alaska Department Of Revenue holds 49,336 shares or 0.05% of its portfolio. Japan-based Asset Mgmt One Com has invested 0.04% in Seagate Technology plc (NASDAQ:STX). 56,769 were reported by Comerica National Bank & Trust. Neuberger Berman Limited Company has 23,801 shares. Dimensional Fund Advisors Limited Partnership reported 0.02% of its portfolio in Seagate Technology plc (NASDAQ:STX). Franklin Res Inc owns 133,727 shares or 0% of their US portfolio. Rodgers Brothers has invested 1.29% in Seagate Technology plc (NASDAQ:STX). Moreover, Thrivent For Lutherans has 0% invested in Seagate Technology plc (NASDAQ:STX). Morgan Stanley holds 0.02% or 1.44 million shares. Panagora Asset Management Inc reported 20,603 shares. Endurance Wealth Mgmt reported 175 shares. Moreover, Bluefin Trading Ltd has 0.03% invested in Seagate Technology plc (NASDAQ:STX). Meiji Yasuda Asset Mngmt has 0.04% invested in Seagate Technology plc (NASDAQ:STX) for 11,094 shares. Meag Munich Ergo Kapitalanlagegesellschaft Mbh, a Germany-based fund reported 13,784 shares.

Among 35 analysts covering Seagate Technology Plc (NASDAQ:STX), 10 have Buy rating, 3 Sell and 22 Hold. Therefore 29% are positive. Seagate Technology Plc had 140 analyst reports since August 4, 2015 according to SRatingsIntel. RBC Capital Markets maintained Seagate Technology plc (NASDAQ:STX) on Thursday, August 31 with “Hold” rating. JP Morgan downgraded it to “Underweight” rating and $15 target in Monday, May 2 report. The stock has “Hold” rating by Benchmark on Thursday, September 3. The rating was upgraded by Craig Hallum to “Buy” on Thursday, November 19. The rating was maintained by Barclays Capital on Tuesday, January 31 with “Equal Weight”. RBC Capital Markets maintained the shares of STX in report on Monday, January 29 with “Hold” rating. UBS initiated the shares of STX in report on Thursday, September 10 with “Sell” rating. Barclays Capital downgraded it to “Sell” rating and $4000 target in Thursday, July 13 report. Pacific Crest downgraded the shares of STX in report on Friday, October 16 to “Sector Weight” rating. Maxim Group maintained Seagate Technology plc (NASDAQ:STX) rating on Thursday, October 15. Maxim Group has “Buy” rating and $59 target.

Seagate Technology plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. The company has market cap of $17.42 billion. The firm makes and distributes hard disk drives, solid state drives and their related controllers, solid state hybrid drives, and storage subsystems. It has a 27.82 P/E ratio. The Company’s products are used in enterprise servers and storage systems applications; client compute applications, primarily for desktop and mobile computing; and client non-compute applications, including various end user devices, such as portable external storage systems, surveillance systems, network-attached storage, digital video recorders, and gaming consoles.

Since October 23, 2017, it had 0 buys, and 15 insider sales for $33.15 million activity. 44,944 Seagate Technology plc (NASDAQ:STX) shares with value of $1.67M were sold by BRACE PHILIP G. Another trade for 4,620 shares valued at $277,200 was sold by LUCZO STEPHEN J. Moyo Dambisa F sold $339,965 worth of stock. 4,475 shares were sold by Geldmacher Jay L, worth $235,833. MORTON DAVID H JR sold $316,360 worth of Seagate Technology plc (NASDAQ:STX) on Monday, October 23. $781,850 worth of Seagate Technology plc (NASDAQ:STX) was sold by MURPHY JAMES J. PARK CHONG SUP had sold 4,026 shares worth $218,290.

QUALCOMM Incorporated (NASDAQ:QCOM) Institutional Positions Chart

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