As Qualcomm (QCOM) Stock Value Declined, Duncker Streett & Company Has Trimmed by $363,840 Its Position; Chevrontexaco (CVX) Stock Value Declined While Lafleur & Godfrey Has Lifted Its Stake

April 18, 2018 - By olga

QUALCOMM Incorporated (NASDAQ:QCOM) Logo

Duncker Streett & Company Inc decreased its stake in Qualcomm Inc (QCOM) by 15.53% based on its latest 2017Q4 regulatory filing with the SEC. Duncker Streett & Company Inc sold 5,685 shares as the company’s stock declined 15.28% with the market. The institutional investor held 30,913 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q4, valued at $1.98M, down from 36,598 at the end of the previous reported quarter. Duncker Streett & Company Inc who had been investing in Qualcomm Inc for a number of months, seems to be less bullish one the $81.83B market cap company. The stock decreased 0.14% or $0.075 during the last trading session, reaching $55.275. About 2.28M shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has declined 3.21% since April 18, 2017 and is downtrending. It has underperformed by 14.76% the S&P500.

Lafleur & Godfrey Llc increased its stake in Chevrontexaco Corp (CVX) by 12.31% based on its latest 2017Q4 regulatory filing with the SEC. Lafleur & Godfrey Llc bought 2,445 shares as the company’s stock declined 8.26% with the market. The institutional investor held 22,299 shares of the integrated oil company at the end of 2017Q4, valued at $2.79 million, up from 19,854 at the end of the previous reported quarter. Lafleur & Godfrey Llc who had been investing in Chevrontexaco Corp for a number of months, seems to be bullish on the $235.36B market cap company. The stock increased 1.44% or $1.75 during the last trading session, reaching $123.21. About 2.75M shares traded. Chevron Corporation (NYSE:CVX) has risen 7.88% since April 18, 2017 and is uptrending. It has underperformed by 3.67% the S&P500.

Analysts await QUALCOMM Incorporated (NASDAQ:QCOM) to report earnings on April, 25 after the close. They expect $0.55 earnings per share, down 54.17% or $0.65 from last year’s $1.2 per share. QCOM’s profit will be $814.20 million for 25.13 P/E if the $0.55 EPS becomes a reality. After $0.85 actual earnings per share reported by QUALCOMM Incorporated for the previous quarter, Wall Street now forecasts -35.29% negative EPS growth.

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. The stock has “Overweight” rating by JP Morgan on Monday, May 22. The stock has “Outperform” rating by Cowen & Co on Friday, February 12. On Wednesday, November 8 the stock rating was upgraded by Raymond James to “Outperform”. The company was maintained on Monday, January 29 by RBC Capital Markets. BMO Capital Markets maintained QUALCOMM Incorporated (NASDAQ:QCOM) rating on Monday, August 21. BMO Capital Markets has “Hold” rating and $55.0 target. The rating was upgraded by Rosenblatt to “Buy” on Thursday, January 12. The firm earned “Buy” rating on Thursday, August 24 by Stifel Nicolaus. RBC Capital Markets maintained it with “Hold” rating and $5500 target in Monday, June 5 report. The firm has “Outperform” rating given on Thursday, July 23 by Cowen & Co. The rating was maintained by RBC Capital Markets with “Buy” on Tuesday, November 14.

Since October 27, 2017, it had 0 buys, and 6 insider sales for $6.14 million activity. $2.81M worth of QUALCOMM Incorporated (NASDAQ:QCOM) was sold by GROB MATTHEW S. ROGERS ALEXANDER H sold $19,117 worth of QUALCOMM Incorporated (NASDAQ:QCOM) on Friday, October 27.

Duncker Streett & Company Inc, which manages about $337.79 million and $388.99M US Long portfolio, upped its stake in Apple Inc (NASDAQ:AAPL) by 5,082 shares to 48,658 shares, valued at $8.23 million in 2017Q4, according to the filing. It also increased its holding in Accenture Plc Ireland (NYSE:ACN) by 5,900 shares in the quarter, for a total of 16,675 shares, and has risen its stake in Dollar Gen Corp New (NYSE:DG).

Investors sentiment decreased to 0.83 in 2017 Q4. Its down 0.02, from 0.85 in 2017Q3. It turned negative, 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. Cape Cod Five Cents Savings Bank stated it has 27,493 shares. Numeric Investors Limited Liability Com has 5,005 shares. Lloyds Banking Grp Incorporated Plc invested 0.1% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Hanseatic Management Service stated it has 748 shares or 0.05% of all its holdings. Davis R M has 324,732 shares for 0.82% of their portfolio. Round Table Serv Ltd Liability Company holds 3,895 shares. Brinker Capital holds 0.15% or 59,538 shares in its portfolio. Baldwin Brothers Ma owns 0.01% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 750 shares. Moreover, Bragg Financial Advsr has 0.44% invested in QUALCOMM Incorporated (NASDAQ:QCOM). Mutual Of America Cap Mngmt Limited Liability holds 0.23% or 235,266 shares in its portfolio. Greatmark Ptnrs has 2.9% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 124,794 shares. 309,000 were reported by Mason Capital Mgmt. Trustmark Bank Trust Department holds 44,295 shares. Webster Bancshares N A owns 1,710 shares or 0.02% of their US portfolio. Employees Retirement Of Texas reported 0.34% stake.

Lafleur & Godfrey Llc, which manages about $396.47M and $407.13 million US Long portfolio, decreased its stake in Perrigo Company Ltd (NYSE:PRGO) by 36,342 shares to 2,534 shares, valued at $221,000 in 2017Q4, according to the filing. It also reduced its holding in Procter & Gamble Co (NYSE:PG) by 4,525 shares in the quarter, leaving it with 33,246 shares, and cut its stake in Varian Med Sys Inc Com (NYSE:VAR).

QUALCOMM Incorporated (NASDAQ:QCOM) Institutional Positions Chart

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