Qualcomm (QCOM) Shareholder Duncker Streett & Company Decreased Stake as Shares Declined; Micron Technology (MU) Position Held by Bridgewater Associates Lp

April 17, 2018 - By Nellie Frank

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 $81.91B market cap company. The stock increased 1.02% or $0.56 during the last trading session, reaching $55.33. About 1.16 million shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has declined 3.21% since April 17, 2017 and is downtrending. It has underperformed by 14.76% the S&P500.

Ray Dalio increased its stake in Micron Technology Inc (MU) by 384.97% based on its latest 2017Q4 regulatory filing with the SEC. Bridgewater Associates Lp bought 384,901 shares as the company’s stock rose 18.77% while stock markets declined. The hedge fund run by Ray Dalio held 484,884 shares of the technology company at the end of 2017Q4, valued at $19.94 million, up from 99,983 at the end of the previous reported quarter. Bridgewater Associates Lp who had been investing in Micron Technology Inc for a number of months, seems to be bullish on the $60.30 billion market cap company. The stock increased 0.67% or $0.345 during the last trading session, reaching $51.995. About 12.87 million shares traded. Micron Technology, Inc. (NASDAQ:MU) has risen 82.20% since April 17, 2017 and is uptrending. It has outperformed by 70.65% the S&P500.

Bridgewater Associates Lp, which manages about $12.21B US Long portfolio, decreased its stake in Western Un Co (NYSE:WU) by 17,745 shares to 684,822 shares, valued at $13.02 million in 2017Q4, according to the filing. It also reduced its holding in Express Scripts Hldg Co (NASDAQ:ESRX) by 573,674 shares in the quarter, leaving it with 23,259 shares, and cut its stake in Ishares Inc (EWY).

Since October 19, 2017, it had 0 buys, and 10 insider sales for $5.48 million activity. 50,000 Micron Technology, Inc. (NASDAQ:MU) shares with value of $2.17 million were sold by Mondry Lawrence N. On Wednesday, February 7 Deboer Scott J sold $638,380 worth of Micron Technology, Inc. (NASDAQ:MU) or 14,750 shares. 3,000 shares valued at $128,197 were sold by BAILEY ROBERT L on Tuesday, January 2. The insider JOHNSON MERCEDES sold $1.26M.

Investors sentiment decreased to 1.24 in Q4 2017. Its down 0.13, from 1.37 in 2017Q3. It is negative, as 49 investors sold MU shares while 245 reduced holdings. 126 funds opened positions while 239 raised stakes. 883.15 million shares or 0.40% less from 886.67 million shares in 2017Q3 were reported. Greylin Investment Mangement accumulated 10,470 shares. Piedmont Investment Ltd has invested 0.22% in Micron Technology, Inc. (NASDAQ:MU). Moreover, Grantham Mayo Van Otterloo And Limited Liability Com has 0.18% invested in Micron Technology, Inc. (NASDAQ:MU) for 741,300 shares. Ibm Retirement Fund invested in 0.21% or 27,311 shares. Alliancebernstein Limited Partnership accumulated 2.08 million shares. 101,650 were reported by Natl Insurance Tx. Principal Inc, Iowa-based fund reported 1.74 million shares. Asset Management One Limited holds 0.15% or 1.71 million shares. Kazazian Asset Limited Liability stated it has 0.9% in Micron Technology, Inc. (NASDAQ:MU). Balasa Dinverno And Foltz Ltd Com holds 0.04% or 7,264 shares. Bnp Paribas Asset Management Hldgs invested 0.07% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). Tocqueville Asset Management Ltd Partnership accumulated 238,948 shares. California-based Hoertkorn Richard Charles has invested 0% in Micron Technology, Inc. (NASDAQ:MU). Regentatlantic Cap Ltd Com holds 0.86% or 255,206 shares. Trexquant Investment Lp owns 240,562 shares or 1.09% of their US portfolio.

Among 42 analysts covering Micron Technology Inc. (NASDAQ:MU), 34 have Buy rating, 1 Sell and 7 Hold. Therefore 81% are positive. Micron Technology Inc. had 238 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Micron Technology, Inc. (NASDAQ:MU) earned “Market Perform” rating by Cowen & Co on Monday, September 28. Bank of America downgraded the shares of MU in report on Monday, August 17 to “Neutral” rating. The stock of Micron Technology, Inc. (NASDAQ:MU) earned “Hold” rating by BMO Capital Markets on Monday, October 9. The rating was maintained by Susquehanna with “Buy” on Thursday, March 8. Drexel Hamilton upgraded the stock to “Buy” rating in Wednesday, July 29 report. The rating was maintained by Needham on Thursday, September 7 with “Buy”. Needham downgraded the stock to “Underperform” rating in Tuesday, March 29 report. On Friday, December 15 the stock rating was maintained by Nomura with “Buy”. Stifel Nicolaus maintained it with “Buy” rating and $23 target in Tuesday, September 29 report. The rating was maintained by Morgan Stanley on Monday, December 4 with “Buy”.

Since October 27, 2017, it had 0 insider purchases, and 6 selling transactions for $6.14 million activity. Shares for $37,519 were sold by ROGERS ALEXANDER H on Tuesday, March 27. 43,000 shares were sold by GROB MATTHEW S, worth $2.81M on Tuesday, January 9.

Investors sentiment decreased to 0.83 in Q4 2017. Its down 0.02, from 0.85 in 2017Q3. It dropped, 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. Moreover, Metropolitan Life Insur Ny has 0.19% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 227,057 shares. Fukoku Mutual Life, Japan-based fund reported 5,960 shares. Covenant Multifamily Offices Ltd Llc invested in 0% or 60 shares. Ancora Lc holds 0.18% in QUALCOMM Incorporated (NASDAQ:QCOM) or 52,150 shares. Employees Retirement Of Texas has 0.34% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 424,600 shares. Evergreen Capital Management Ltd Liability Corp holds 0.06% in QUALCOMM Incorporated (NASDAQ:QCOM) or 9,379 shares. Papp L Roy holds 55,435 shares. Madison Invest Inc holds 207,718 shares or 0.23% of its portfolio. Caprock Group Inc holds 0.3% or 23,724 shares. 1.03M are owned by State Of Tennessee Treasury Department. Prelude Capital Llc has invested 0.27% in QUALCOMM Incorporated (NASDAQ:QCOM). Moreover, Hikari Tsushin Inc has 0.11% invested in QUALCOMM Incorporated (NASDAQ:QCOM). Autus Asset Limited Liability Corporation holds 0.04% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM) for 3,434 shares. Prudential Fincl reported 2.32M shares. Raymond James Fin Serv Advsrs invested in 319,875 shares or 0.13% of the stock.

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. On Monday, November 6 the stock rating was downgraded by Standpoint Research to “Hold”. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Buy” rating given on Monday, November 6 by UBS. Cowen & Co maintained it with “Outperform” rating and $69 target in Thursday, November 5 report. Mizuho maintained the shares of QCOM in report on Thursday, November 5 with “Neutral” rating. Barclays Capital downgraded QUALCOMM Incorporated (NASDAQ:QCOM) rating on Monday, March 28. Barclays Capital has “Equal-Weight” rating and $50 target. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Hold” rating given on Wednesday, November 29 by Stifel Nicolaus. Mizuho maintained it with “Neutral” rating and $56 target in Thursday, July 21 report. The company was upgraded on Wednesday, November 8 by Raymond James. As per Monday, November 13, the company rating was maintained by Canaccord Genuity. Stifel Nicolaus maintained it with “Buy” rating and $65 target in Thursday, January 26 report.

Analysts await QUALCOMM Incorporated (NASDAQ:QCOM) to report earnings on April, 25 after the close. They expect $0.55 EPS, down 54.17% or $0.65 from last year’s $1.2 per share. QCOM’s profit will be $814.19M for 25.15 P/E if the $0.55 EPS becomes a reality. After $0.85 actual EPS reported by QUALCOMM Incorporated for the previous quarter, Wall Street now forecasts -35.29% negative EPS growth.

Duncker Streett & Company Inc, which manages about $337.79 million and $388.99M US Long portfolio, upped its stake in Ebay Inc (NASDAQ:EBAY) by 8,250 shares to 16,745 shares, valued at $632,000 in 2017Q4, according to the filing. It also increased its holding in Spdr S&P 500 Etf Tr (SPY) by 58,328 shares in the quarter, for a total of 63,578 shares, and has risen its stake in Goldman Sachs Group Inc (NYSE:GS).

QUALCOMM Incorporated (NASDAQ:QCOM) Institutional Positions Chart

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