Sandy Spring Bank Lowered Qualcomm (QCOM) Position By $514,048; SPROTT RESOURCE HLDGS COMMON SHARES (SRHIF) Shorts Decreased By 0.74%

May 18, 2018 - By Henry Gaston

QUALCOMM Incorporated (NASDAQ:QCOM) Logo

Sandy Spring Bank decreased Qualcomm Incorporated (QCOM) stake by 7.69% reported in 2017Q4 SEC filing. Sandy Spring Bank sold 8,032 shares as Qualcomm Incorporated (QCOM)’s stock declined 15.28%. The Sandy Spring Bank holds 96,359 shares with $6.17 million value, down from 104,391 last quarter. Qualcomm Incorporated now has $84.12B valuation. The stock decreased 0.37% or $0.21 during the last trading session, reaching $56.74. About 1.35M shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has declined 3.21% since May 18, 2017 and is downtrending. It has underperformed by 14.76% the S&P500.




SPROTT RESOURCE HLDGS INC COMMON SHARES (OTCMKTS:SRHIF) had a decrease of 0.74% in short interest. SRHIF’s SI was 950,700 shares in May as released by FINRA. Its down 0.74% from 957,800 shares previously. With 219,100 avg volume, 4 days are for SPROTT RESOURCE HLDGS INC COMMON SHARES (OTCMKTS:SRHIF)’s short sellers to cover SRHIF’s short positions. The SI to SPROTT RESOURCE HLDGS INC COMMON SHARES’s float is 0.15%. The stock decreased 1.26% or $0.00115 during the last trading session, reaching $0.08985. About 3,450 shares traded. Sprott Resource Holdings Inc. (OTCMKTS:SRHIF) has 0.00% since May 18, 2017 and is . It has underperformed by 11.55% the S&P500.

More notable recent QUALCOMM Incorporated (NASDAQ:QCOM) news were published by: Seekingalpha.com which released: “Beijing Approves Microchip Deal, Boding Well For Qualcomm-NXP” on May 17, 2018, also Nasdaq.com with their article: “China Eases the Pressure on Qualcomm’s NXP Deal” published on May 15, 2018, Investorplace.com published: “Speculators Are Piling into Qualcomm, Inc. Stock for Two Big Reasons” on May 14, 2018. More interesting news about QUALCOMM Incorporated (NASDAQ:QCOM) were released by: Seekingalpha.com and their article: “Apple Stymies Qualcomm’s Quarterly Results” published on April 30, 2018 as well as Seekingalpha.com‘s news article titled: “Cowen semiconductor initiation roundup” with publication date: May 18, 2018.

Sandy Spring Bank increased Citigroup Inc (NYSE:C) stake by 7,303 shares to 9,163 valued at $682,000 in 2017Q4. It also upped Conocophillips (NYSE:COP) stake by 5,895 shares and now owns 46,231 shares. Johnson & Johnson (NYSE:JNJ) was raised too.

Since January 9, 2018, it had 0 buys, and 8 insider sales for $7.62 million activity. The insider ROGERS ALEXANDER H sold $48,627. Rosenberg Donald J sold $618,603 worth of QUALCOMM Incorporated (NASDAQ:QCOM) on Tuesday, May 8. Another trade for 43,000 shares valued at $2.81 million was made by GROB MATTHEW S on Tuesday, January 9. 50,126 shares valued at $3.14M were sold by THOMPSON JAMES H on Friday, March 9. AMON CRISTIANO R also sold $852,989 worth of QUALCOMM Incorporated (NASDAQ:QCOM) on Tuesday, May 8.

Investors sentiment decreased to 0.83 in 2017 Q4. Its down 0.02, from 0.85 in 2017Q3. It is 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. Tru Of Vermont reported 51,583 shares or 0.31% of all its holdings. Wms Limited Company has invested 0.08% in QUALCOMM Incorporated (NASDAQ:QCOM). Magellan Asset Limited invested in 0% or 352 shares. Citadel Advsr Ltd Co stated it has 4.66M shares. Brookstone Capital owns 0.47% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 82,211 shares. Ims Capital Mgmt holds 0.54% or 13,654 shares in its portfolio. The Vermont-based Hanson Doremus Invest has invested 0.01% in QUALCOMM Incorporated (NASDAQ:QCOM). Capital Investment Advisors Ltd Llc has 0.47% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 111,590 shares. Bbva Compass State Bank invested 0.47% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Cardinal Cap Mgmt has 65,074 shares. Cutler Counsel Ltd Co stated it has 1.35% in QUALCOMM Incorporated (NASDAQ:QCOM). Beech Hill Advisors Inc invested in 3.05% or 96,367 shares. Valueworks Limited Liability Corp holds 145,397 shares. Old Mutual Customised Solutions (Proprietary) Ltd has 0.2% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 30,171 shares. 16,046 are held by M Incorporated.

Among 37 analysts covering Qualcomm Inc. (NASDAQ:QCOM), 15 have Buy rating, 2 Sell and 20 Hold. Therefore 41% are positive. Qualcomm Inc. had 155 analyst reports since July 23, 2015 according to SRatingsIntel. Canaccord Genuity maintained the shares of QCOM in report on Thursday, July 21 with “Buy” rating. Canaccord Genuity maintained the stock with “Buy” rating in Tuesday, March 13 report. The firm earned “Hold” rating on Wednesday, July 19 by Bernstein. BMO Capital Markets maintained QUALCOMM Incorporated (NASDAQ:QCOM) rating on Monday, August 21. BMO Capital Markets has “Hold” rating and $55.0 target. The company was maintained on Tuesday, January 16 by Susquehanna. The stock has “Buy” rating by Susquehanna on Thursday, June 15. The stock has “Neutral” rating by Mizuho on Friday, February 12. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Buy” rating given on Monday, November 6 by UBS. The firm has “Equal-Weight” rating given on Monday, March 28 by Barclays Capital. The firm has “Hold” rating given on Wednesday, December 16 by Topeka Capital Markets.

Analysts await QUALCOMM Incorporated (NASDAQ:QCOM) to report earnings on July, 18. They expect $0.58 EPS, down 17.14% or $0.12 from last year’s $0.7 per share. QCOM’s profit will be $859.87M for 24.46 P/E if the $0.58 EPS becomes a reality. After $0.67 actual EPS reported by QUALCOMM Incorporated for the previous quarter, Wall Street now forecasts -13.43% negative EPS growth.

Sprott Resource Holdings Inc. operates as a diversified holding firm that focuses in the mining, energy, and agriculture sectors. The company has market cap of $60.38 million. The company, through its investment portfolio, supplies metallurgical coal to steel producers in the Atlantic and Pacific basin markets; develops and produces oil; and owns the intellectual property in and to the patented solvent thermal resource innovations process for North America. It currently has negative earnings. It also owns and manages approximately 139,000 hectares of farmland in Uruguay; engages in branded food business focusing on natural and organic meats and other value-added branded products; and holds interests in the Lac Otelnuk iron ore project, located in the Labrador Trough in Quebec, Canada.

QUALCOMM Incorporated (NASDAQ:QCOM) Institutional Positions Chart

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