As Qualcomm INC (QCOM) Shares Declined, Thornburg Investment Management INC Increased Stake by $9.35 Million

June 27, 2018 - By Maria Fierro

QUALCOMM Incorporated (NASDAQ:QCOM) Corporate LogoDuring Q1 2018 the big money sentiment decreased to 0.78. That’s change of 0.05, from 2017Q4’s 0.83. 104 investors sold all, 500 reduced holdings as QCOM ratio fall. 370 grew stakes while 100 funds acquired stakes. Funds hold 1.11 billion shares thus 0.11% less from 2017Q4’s 1.11 billion shares. Intact Inv Mngmt Inc holds 0.4% or 186,600 shs in its capital. Mutual Of Omaha Bancorporation Wealth Management holds 131,250 shs or 2.01% of its capital. Timber Creek Cap Mgmt Limited Liability Corporation holds 1.54% of its capital in QUALCOMM Incorporated (NASDAQ:QCOM) for 43,930 shs. The California-based Weatherly Asset Mgmt LP has invested 0.84% in QUALCOMM Incorporated (NASDAQ:QCOM). Colonial has 4,699 shs. 500,982 are held by Bartlett Llc. Schwab Charles Incorporated accumulated 9.36 million shs. Ashfield Capital Limited Liability Company accumulated 5,463 shs or 0.04% of the stock. Meritage Management reported 47,744 shs. 53,204 were reported by Eqis Mgmt. 4,000 are held by Birinyi Assocs. Cibc Savings Bank Usa has invested 0.03% of its capital in QUALCOMM Incorporated (NASDAQ:QCOM). Hsbc Public Limited Company holds 0.23% or 2.78M shs. Dorsey & Whitney Trust Ltd Llc invested in 0.46% or 44,980 shs. Edmp Inc has 52,916 shs for 2.9% of their capital.

QCOM had 9 insider sales and 0 buys since January 9, 2018. This’s net activity of $7.68 million. 43,000 shs valued at $2.81 million were sold by GROB MATTHEW S on Tuesday, January 9. Shares for $3.14M were sold by THOMPSON JAMES H. AMON CRISTIANO R sold $852,989 worth of stock or 16,082 shs. $618,603 worth of QUALCOMM Incorporated (NASDAQ:QCOM) shs were sold by Rosenberg Donald J.

Thornburg Investment Management Inc upped its stake by 3.31% in Qualcomm Inc (QCOM), according to 2018Q1 Securities and Exchange filling. By buying 169,918 shares Thornburg Investment Management Inc made the stock sank with 10.48%. At the end of 2018Q1, the institutional investor held 5.30M shares of the radio and television broadcasting and communications equipment company, valued at $293.55M, up from 5.13 million at the end of the previous reported quarter. $83.69B is Qualcomm Inc’s MC. Ticker’s shares touched $56.45 during the last trading session after 1.05% change.QUALCOMM Incorporated has volume of 6.92M shares. Since June 27, 2017 QCOM has risen 2.58% and is uptrending. QCOM underperformed by 9.99% the S&P500.

A portfolio of $94.41B and $13.26 billion is managed by Thornburg Investment Management Inc. As it’s published in Securities and Exchange filling the stake in Davita Inc (NYSE:DVA) is decreased by 47,365 shares to 179,331 shares. They are valued at $11.83M in 2018Q1. Thornburg Investment Management Inc has cut its stake in Apollo Global Management (NYSE:APO) and also reduced its holding in Bbva Banco Frances Sa (NYSE:BFR) by 180,707 shares in the quarter, for a total of 762,745 shares.

For more QUALCOMM Incorporated (NASDAQ:QCOM) news published recently go to: Benzinga.com, Seekingalpha.com, Businesswire.com, Fool.com or Seekingalpha.com. The titles are as follows: “Investors ‘Wait With Baited Breath’ Following Conflicting Reports On Qualcomm-NXP Deal” published on June 15, 2018, “Trump takes softer than expected approach to foreign tech investments” on June 27, 2018, “QCOM LOSS NOTICE: Rosen Law Firm Reminds Qualcomm Incorporated Investors of Important Deadline in Class …” with a publish date: June 19, 2018, “Why Qualcomm’s New Snapdragon 850 Is Destined to Fail” and the last “Qualcomm: China Boost” with publication date: May 29, 2018.

QUALCOMM Incorporated (NASDAQ:QCOM) Ratings Coverage

In total 17 analysts cover Qualcomm (NASDAQ:QCOM). “Buy” rating has 8, “Sell” are 1, while 8 are “Hold”. (NASDAQ:QCOM) has 47% bullish analysts. With $315.0 highest and $53 lowest price target, Qualcomm has $63.13 average price target or 11.83% above the current ($56.45) price. 35 are the (NASDAQ:QCOM)’s ratings reports on 27 Jun 2018 according to StockzIntelligence Inc. On Wednesday, January 17 the rating was maintained by Mizuho with “Buy”. On Friday, May 18 the rating was maintained by RBC Capital Markets with “Buy”. In Tuesday, January 16 report Nomura upgraded the stock to “Buy” rating. On Wednesday, April 4 the rating was maintained by RBC Capital Markets with “Buy”. On Tuesday, March 13 Canaccord Genuity maintained the shares of QCOM in report with “Buy” rating. The stock rating was maintained by Canaccord Genuity with “Buy” on Tuesday, January 16. On Thursday, April 26 the firm has “Neutral” rating given by UBS. On Thursday, February 1 Northland Capital maintained QUALCOMM Incorporated (NASDAQ:QCOM) with “Buy” rating. On Monday, February 5 the rating was maintained by Stifel Nicolaus with “Hold”. On Thursday, April 26 the company was maintained by Macquarie Research.

QUALCOMM Incorporated (NASDAQ:QCOM) Institutional Investors Chart

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