High Pointe Capital Management Has Lowered Its Apple (AAPL) Position; Qualcomm (QCOM) Shorts Lowered By 6.33%

December 10, 2017 - By Hazel Jackson

Qualcomm Incorporated (NASDAQ:QCOM) had a decrease of 6.33% in short interest. QCOM’s SI was 21.76 million shares in December as released by FINRA. Its down 6.33% from 23.23 million shares previously. With 9.60 million avg volume, 2 days are for Qualcomm Incorporated (NASDAQ:QCOM)’s short sellers to cover QCOM’s short positions. The SI to Qualcomm Incorporated’s float is 1.47%. The stock decreased 1.52% or $0.99 during the last trading session, reaching $64.24. About 9.37M shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 9.31% since December 10, 2016 and is uptrending. It has underperformed by 7.39% the S&P500.

High Pointe Capital Management Llc decreased Apple Inc (AAPL) stake by 38.4% reported in 2017Q2 SEC filing. High Pointe Capital Management Llc sold 6,060 shares as Apple Inc (AAPL)’s stock rose 12.78%. The High Pointe Capital Management Llc holds 9,723 shares with $1.40 million value, down from 15,783 last quarter. Apple Inc now has $869.60B valuation. The stock increased 0.03% or $0.05 during the last trading session, reaching $169.37. About 23.36M shares traded. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since December 10, 2016 and is uptrending. It has outperformed by 45.78% the S&P500.

Investors sentiment decreased to 0.98 in Q2 2017. Its down 0.05, from 1.03 in 2017Q1. It fall, as 89 investors sold QUALCOMM Incorporated shares while 481 reduced holdings. 107 funds opened positions while 451 raised stakes. 1.11 billion shares or 0.00% more from 1.11 billion shares in 2017Q1 were reported. Clearbridge Limited Liability holds 1.42% or 1.21M shares in its portfolio. Wade G W & Inc has invested 0.85% in QUALCOMM Incorporated (NASDAQ:QCOM). Alpha Windward Limited Liability Com invested in 0.1% or 2,680 shares. Texas Permanent School Fund accumulated 0.3% or 415,115 shares. American Assets Mngmt Lc has 35,000 shares. North Star Inv Mngmt stated it has 9,459 shares or 0.07% of all its holdings. Bedrijfstakpensioenfonds Voor De Media Pno holds 0.38% or 58,181 shares in its portfolio. Bbva Compass Commercial Bank reported 0.49% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Thompson Davis And Inc reported 428 shares or 0.04% of all its holdings. Hartline Investment Corporation stated it has 27,723 shares or 0.49% of all its holdings. Vnbtrust National Association has invested 0.16% in QUALCOMM Incorporated (NASDAQ:QCOM). Check Capital Inc Ca owns 1.12 million shares for 3.95% of their portfolio. Citizens And Northern reported 23,694 shares stake. Natl Planning Corporation holds 9,137 shares. Cypress Asset Mngmt Tx reported 0.59% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM).

QUALCOMM Incorporated develops, designs, makes, and markets digital communications services and products in China, South Korea, Taiwan, the United States, and internationally. The company has market cap of $94.70 billion. The firm operates through three divisions: Qualcomm CDMA Technologies ; Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). It has a 38.93 P/E ratio. The QCT segment develops and supplies integrated circuits and system software based on code division multiple access (CDMA), orthogonal frequency division multiple access (OFDMA), and other technologies for use in voice and data communications, networking, application processing, multimedia, and global positioning system products.

Among 36 analysts covering Qualcomm Inc. (NASDAQ:QCOM), 15 have Buy rating, 1 Sell and 20 Hold. Therefore 42% are positive. Qualcomm Inc. had 122 analyst reports since July 23, 2015 according to SRatingsIntel. Nomura downgraded the shares of QCOM in report on Monday, January 23 to “Neutral” rating. The firm has “Buy” rating given on Thursday, November 2 by Northland Capital. RBC Capital Markets maintained QUALCOMM Incorporated (NASDAQ:QCOM) rating on Monday, October 3. RBC Capital Markets has “Sector Perform” rating and $70 target. Canaccord Genuity maintained it with “Buy” rating and $83.0 target in Monday, November 13 report. The firm earned “Neutral” rating on Monday, November 9 by Nomura. The company was downgraded on Friday, July 15 by BMO Capital Markets. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Overweight” rating given on Monday, July 27 by Morgan Stanley. The firm earned “Buy” rating on Friday, August 14 by Canaccord Genuity. The company was maintained on Thursday, November 2 by Stifel Nicolaus. The rating was downgraded by Standpoint Research on Monday, November 6 to “Hold”.

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on January, 30. They expect $3.75 earnings per share, up 11.61% or $0.39 from last year’s $3.36 per share. AAPL’s profit will be $19.25 billion for 11.29 P/E if the $3.75 EPS becomes a reality. After $2.07 actual earnings per share reported by Apple Inc. for the previous quarter, Wall Street now forecasts 81.16% EPS growth.

Among 51 analysts covering Apple Inc. (NASDAQ:AAPL), 41 have Buy rating, 1 Sell and 9 Hold. Therefore 80% are positive. Apple Inc. had 338 analyst reports since July 21, 2015 according to SRatingsIntel. On Tuesday, August 25 the stock rating was maintained by Global Equities Research with “Buy”. The stock of Apple Inc. (NASDAQ:AAPL) earned “Overweight” rating by Morgan Stanley on Tuesday, September 19. The rating was maintained by BMO Capital Markets with “Buy” on Friday, September 11. The firm has “Buy” rating by Needham given on Friday, March 24. The stock has “Outperform” rating by Cowen & Co on Wednesday, April 27. As per Tuesday, July 21, the company rating was maintained by S&P Research. Morgan Stanley maintained the shares of AAPL in report on Wednesday, January 27 with “Overweight” rating. The rating was maintained by Morgan Stanley on Friday, August 7 with “Buy”. Robert W. Baird maintained Apple Inc. (NASDAQ:AAPL) rating on Friday, June 2. Robert W. Baird has “Buy” rating and $16000 target. The stock of Apple Inc. (NASDAQ:AAPL) has “Outperform” rating given on Thursday, December 17 by RBC Capital Markets.

Investors sentiment increased to 0.68 in Q2 2017. Its up 0.04, from 0.64 in 2017Q1. It improved, as 62 investors sold AAPL shares while 1068 reduced holdings. 129 funds opened positions while 634 raised stakes. 3.06 billion shares or 2.38% less from 3.13 billion shares in 2017Q1 were reported. Winch Advisory Service Limited Liability holds 47,987 shares or 4.34% of its portfolio. Madison Invest invested 0.58% of its portfolio in Apple Inc. (NASDAQ:AAPL). Savant Cap Limited Liability Com has 42,652 shares for 1.45% of their portfolio. Fairview Invest Ltd Co has invested 0.13% in Apple Inc. (NASDAQ:AAPL). Fiduciary accumulated 656,634 shares or 2.9% of the stock. Susquehanna Interest Llp reported 0.35% stake. Texan Management holds 2.48% or 25,591 shares. Moreover, Fincl Service Corp has 0.93% invested in Apple Inc. (NASDAQ:AAPL). Lionstone Mngmt Ltd Liability Co reported 96,320 shares. Meru Group LP holds 10,000 shares. Gam Ag accumulated 738,767 shares. Moreover, Matarin Llc has 0% invested in Apple Inc. (NASDAQ:AAPL) for 84,641 shares. Ipswich Invest Mngmt Co Inc holds 3.59% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 53,219 shares. Highland Mgmt Ltd Liability holds 2.91% or 251,014 shares. Ferguson Wellman Capital Management has 2.02% invested in Apple Inc. (NASDAQ:AAPL) for 373,660 shares.

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