Qualcomm board of directors rejects revised Broadcom proposal

Alicia Cross
February 9, 2018

It has underperformed by 7.39% the S&P500.

Palisade Capital Management Llc decreased its stake in Enterprise Prods Partners L (EPD) by 38.15% based on its latest 2017Q3 regulatory filing with the SEC. While the Short-Term Technical Indicators for the stock on 7-Day Average Directional Indicator shows "Sell" signal. The hedge fund held 86,546 shares of the natural gas distribution company at the end of 2017Q3, valued at $2.26 million, down from 139,932 at the end of the previous reported quarter. The stock traded with the average Volume of 11.3 Million at the end of last session. (NYSE:EDU) has risen 76.69% since February 8, 2017 and is uptrending. It has underperformed by 11.01% the S&P500.

Investors sentiment decreased to 0.85 in Q3 2017. The Lower end of the earnings estimate is $0.71, while the higher end of the earnings estimate is $1.12. 89 funds opened positions while 397 raised stakes. Papp L Roy & invested in 0.75% or 67,045 shares. Wesbanco Retail Bank accumulated 61,692 shares. 6,104 were reported by Atlas Browninc. Broadcom made the revised offer on Monday, up from the previously proposed deal price of $70 per share. 23,138 were reported by Bankshares Of Hawaii. Meru Capital Grp Limited Partnership reported 18.65% of its portfolio in Time Warner Inc. With an institutional ownership near 15.8%, it carries an earnings per share ratio of 0.46. Fulton Bancorporation Na invested in 0.05% or 7,189 shares. Howard Capital Management has 0.11% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 14,000 shares. Camarda Limited Liability reported 2,392 shares or 0.31% of all its holdings. Rockefeller Fincl Serv owns 87,078 shares. Virtus Investment Advisers has 0.19% invested in QUALCOMM Incorporated (NASDAQ:QCOM). 194,553 were reported by Cap Advsr Ok. The brokerage now has an outperform rating on the wireless technology company's stock.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, January 31st.

Shares of QUALCOMM, Inc. Therefore 44% are positive. Enterprise Products Partners LP had 52 analyst reports since July 23, 2015 according to SRatingsIntel. As per Wednesday, July 5, the company rating was maintained by BMO Capital Markets. The firm earned "Hold" rating on Tuesday, August 1 by Northland Capital. The firm has "Neutral" rating by Nomura given on Monday, November 9. Mizuho maintained it with "Neutral" rating and $64 target in Thursday, November 5 report.

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QUALCOMM Incorporated (NASDAQ:QCOM) has the Market Capitalization of 96.94 Billion. The company now has an average rating of "Hold" and a consensus price target of $68.25.

Among 23 analysts covering Mondelez International Inc (NASDAQ:MDLZ), 18 have Buy rating, 1 Sell and 4 Hold. The stock has "Buy" rating by Canaccord Genuity on Wednesday, October 12.

6 analysts recommended Overweight these shares while 0 recommended Underweight, according to FactSet data. It also reduced its holding in Abbvie Inc (NYSE:ABBV) by 4,400 shares in the quarter, leaving it with 165,842 shares, and cut its stake in Cullen Frost Bankers Inc (NYSE:CFR). Its down 0.01, from 0.88 in 2017Q2. It is negative, as 37 investors sold MXL shares while 43 reduced holdings.

INVESCO LTD. raised its stake in Jaguar Health, Inc. Nationwide Fund Advsrs stated it has 0.38% of its portfolio in Abbott Laboratories (NYSE:ABT). Staley Cap Advisers reported 872,011 shares stake. Moreover, Glob X Mgmt Comm Ltd Liability Com has 0% invested in Zumiez Inc. 330,422 were reported by Commerzbank Aktiengesellschaft Fi. Chilton Inv Llc holds 0.05% or 72,011 shares. Highland Capital Mgmt Limited Liability Co invested in 80,928 shares or 0.33% of the stock. 849,739 were accumulated by Jennison Assoc Lc. Amica Retiree Med accumulated 14,511 shares. Bancorpsouth holds 0.02% or 8,944 shares. Wetherby Asset Management holds 21,233 shares or 0.16% of its portfolio. Minnesota-based Us Natl Bank De has invested 0.55% in Abbott Laboratories (NYSE:ABT). The other 9, though not evenly; between analysts who think you should buy QUALCOMM Incorporated versus those who think you should sell it. Therefore 33% are positive. United Parcel Service had 63 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has "Buy" rating given on Tuesday, August 15 by Cowen & Co. The ex-dividend date is Monday, August 28th. (NYSE:MXL) on Wednesday, January 25 with "Buy" rating. Wedbush maintained the stock with "Outperform" rating in Friday, February 12 report. Zacks upgraded the shares of UPS in report on Tuesday, September 1 to "Hold" rating. Recently, investment analysts covering the stock have updated the mean rating to 3.08.

Regulators around the world are fining or investigating Qualcomm, supporting elements of Apple Inc.'s claims in a lawsuit alleging Qualcomm abuses its dominant position in mobile chips.

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