Trump Blocks Broadcom Takeover Of Qualcomm On National Security Concerns

  • Trump Blocks Broadcom Takeover Of Qualcomm On National Security Concerns

Trump Blocks Broadcom Takeover Of Qualcomm On National Security Concerns

Gam Holding Ag sold 190,426 shares as the company's stock rose 2.14% with the market. Edwards & Company Inc.'s holdings in QUALCOMM were worth $2,002,000 as of its most recent filing with the SEC.

At the end of 12/31/2017 reporting period, 722 institutional holders increased their position in QUALCOMM Incorporated (NASDAQ:QCOM) by some 106,515,528 shares, 792 decreased positions by 89,655,158 and 124 held positions by 969,038,698. Tonight, with the news out, Qualcomm's shares are down almost 3.8% to $60.43. Ledyard Financial Bank reported 11,442 shares stake. About 2.53M shares traded. The Check Capital Management Inc holds 1.12 million shares with $57.82M value, down from 1.12M last quarter.

A number of research firms have recently weighed in on QCOM. KeyCorp raised their price objective on shares of QUALCOMM from $68.00 to $73.00 and gave the stock a "buy" rating in a report on Thursday, February 1st. Northland Capital maintained the shares of QCOM in report on Thursday, November 2 with "Buy" rating. The stock of Cognex Corporation (NASDAQ:CGNX) earned "Hold" rating by Canaccord Genuity on Tuesday, August 4. Topeka Capital Markets maintained it with "Hold" rating and $65 target in Thursday, July 23 report. (NASDAQ QCOM) traded up $1.21 on Friday, reaching $63.03. Mitchell Mcleod Pugh And Williams Inc owns 29,319 shares for 0.55% of their portfolio. JP Morgan initiated QUALCOMM Incorporated (NASDAQ:QCOM) on Tuesday, September 8 with "Neutral" rating. Willingdon Wealth Management reported 17,411 shares. Amp Capital Limited has invested 0.22% in QUALCOMM Incorporated (NASDAQ:QCOM). QUALCOMM's revenue for the quarter was up 1.7% compared to the same quarter previous year. QUALCOMM had a positive return on equity of 18.10% and a negative net margin of 18.65%. The firm had revenue of $6.10 billion for the quarter, compared to analysts' expectations of $5.93 billion. The company had revenue of $6.10 billion during the quarter, compared to analysts' expectations of $5.93 billion. The firm has "Buy" rating by UBS given on Wednesday, November 1. Shareholders of record on Wednesday, February 28th will be paid a $0.57 dividend. Olsavsky Brian T sold 2,333 shares worth $3.42M. QUALCOMM's dividend payout ratio (DPR) is presently -93.06%. Following the completion of the sale, the executive vice president now owns 43,000 shares in the company, valued at $2,810,050. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Alexander H. Rogers sold 713 shares of the business's stock in a transaction on Monday, January 29th. A lower P/B ratio could mean that the stock is undervalued.

QUALCOMM Incorporated (NASDAQ:QCOM), stock is trading $69.28 above the 52-week high and has displayed a high EPS growth of -11.60% in last 5 years.

COPYRIGHT VIOLATION NOTICE: This article was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. CFIUS operates pursuant to section 721 of the Defense Production Act of 1950, as amended by the Foreign Investment and National Security Act of 2007 (FINSA) (section 721) and as implemented by Executive Order 11858, as amended, and regulations at 31 C.F.R. Capital International Investors boosted its holdings in shares of QUALCOMM by 41.8% in the third quarter.

San Diego-based Qualcomm has emerged as one of the biggest competitors to China's Huawei Technologies Co in the sector, making Qualcomm a prized asset. The Company is engaged in the development and commercialization of the orthogonal frequency division multiple access (OFDMA) family of technologies, including long-term evolution (LTE), which is an Orthogonal Frequency Division Multiplexing (OFDM)-based standard that uses OFDMA and single-carrier Frequency Division Multiple Access (FDMA), for cellular wireless communication applications.