Motco Has Lowered Qualcomm (QCOM) Position; Pro Dex (PDEX)’s Sentiment Is 1.5

May 23, 2018 - By Ina Campbell

QUALCOMM Incorporated (NASDAQ:QCOM) Logo

Motco decreased Qualcomm Inc (QCOM) stake by 98.48% reported in 2017Q4 SEC filing. Motco sold 127,019 shares as Qualcomm Inc (QCOM)’s stock declined 15.28%. The Motco holds 1,961 shares with $126,000 value, down from 128,980 last quarter. Qualcomm Inc now has $86.22B valuation. The stock increased 1.33% or $0.76 during the last trading session, reaching $58.15. About 3.88M shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has declined 3.21% since May 23, 2017 and is downtrending. It has underperformed by 14.76% the S&P500.

Pro Dex Inc (PDEX) investors sentiment decreased to 1.5 in 2017 Q4. It’s down -5.50, from 7 in 2017Q3. The ratio has dropped, as 6 investment professionals opened new and increased stock positions, while 4 reduced and sold their equity positions in Pro Dex Inc. The investment professionals in our database reported: 256,735 shares, down from 312,758 shares in 2017Q3. Also, the number of investment professionals holding Pro Dex Inc in top ten stock positions was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 3 Increased: 4 New Position: 2.

Since January 1, 0001, it had 1 insider buy, and 0 insider sales for $14,850 activity.

Pro-Dex, Inc., together with its subsidiaries, designs, develops, and makes powered surgical instruments for medical device original equipment manufacturers, dental instruments, and rotary air motors worldwide. The company has market cap of $28.54 million. It also makes plastic injection molds for various industries; and machined parts. It has a 10.61 P/E ratio. Further, it provides engineering consulting and placement services, as well as quality and regulatory consulting services.

The stock decreased 2.15% or $0.1442 during the last trading session, reaching $6.5558. About 3,782 shares traded. Pro-Dex, Inc. (PDEX) has risen 49.46% since May 23, 2017 and is uptrending. It has outperformed by 37.91% the S&P500.

First Wilshire Securities Management Inc holds 0.03% of its portfolio in Pro-Dex, Inc. for 14,000 shares. Thompson Davis & Co. Inc. owns 2,000 shares or 0.03% of their US portfolio. Moreover, Bridgeway Capital Management Inc has 0.01% invested in the company for 76,600 shares. The Massachusetts-based Acadian Asset Management Llc has invested 0% in the stock. Blackrock Inc., a New York-based fund reported 655 shares.

Another recent and important Pro-Dex, Inc. (NASDAQ:PDEX) news was published by Nasdaq.com which published an article titled: “Rick Van Kirk, CEO of Pro-Dex, Inc. Returns to “Stock Day” with Everett Jolly” on April 25, 2018.

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 $860.00M for 25.06 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.

Motco increased Jpmorgan Global Bond Opportunities Fd stake by 182,661 shares to 2.06M valued at $21.23M in 2017Q4. It also upped Ishares Nasdaq Biotechnology Index Fund (IBB) stake by 24,423 shares and now owns 36,828 shares. Hartford International Value Fund Cl Y was raised too.

More notable recent QUALCOMM Incorporated (NASDAQ:QCOM) news were published by: Fool.com which released: “Samsung Is Making Its Move Against Qualcomm” on May 21, 2018, also Nasdaq.com with their article: “China Eases the Pressure on Qualcomm’s NXP Deal” published on May 15, 2018, Investorplace.com published: “President Trump Unexpectedly Made Tech Stocks Great Again” on May 23, 2018. More interesting news about QUALCOMM Incorporated (NASDAQ:QCOM) were released by: Seekingalpha.com and their article: “Beijing Approves Microchip Deal, Boding Well For Qualcomm-NXP” published on May 17, 2018 as well as Nasdaq.com‘s news article titled: “Facebook, Qualcomm Teaming Up on High-Speed Internet” with publication date: May 21, 2018.

Investors sentiment decreased to 0.83 in 2017 Q4. Its down 0.02, from 0.85 in 2017Q3. It turned 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. Kcm Inv Advsr Ltd holds 0.02% or 6,312 shares in its portfolio. Parkside Finance Fincl Bank stated it has 1,186 shares or 0.03% of all its holdings. Bb&T reported 442,596 shares stake. First Eagle Limited Liability Corp accumulated 0.01% or 50,000 shares. Raab & Moskowitz Asset Mgmt Ltd Limited Liability Company reported 4,115 shares. Massachusetts Svcs Communication Ma owns 135,329 shares. Bkd Wealth Advsr Ltd Liability Com, Missouri-based fund reported 3,541 shares. Shamrock Asset Mgmt Limited Liability Com has 0.14% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 3,611 shares. Cetera Advisor Netwr Ltd Limited Liability Company has 0.07% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 27,356 shares. Gilman Hill Asset Mngmt Ltd Com accumulated 2.17% or 83,112 shares. Charter Company owns 0.09% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 12,713 shares. Brown Advisory owns 1.81M shares. Argi Inv Limited Company stated it has 0.09% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Dekabank Deutsche Girozentrale has invested 0.16% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Institute For Wealth Limited Co has invested 0.41% in QUALCOMM Incorporated (NASDAQ:QCOM).

Among 37 analysts covering Qualcomm Inc. (NASDAQ:QCOM), 15 have Buy rating, 2 Sell and 20 Hold. Therefore 41% are positive. Qualcomm Inc. had 157 analyst reports since July 23, 2015 according to SRatingsIntel. Nomura upgraded the stock to “Buy” rating in Tuesday, January 16 report. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Underperform” rating given on Monday, January 23 by CLSA. The rating was maintained by Susquehanna on Thursday, April 26 with “Buy”. The rating was maintained by Mizuho with “Buy” on Wednesday, January 17. The rating was maintained by Argus Research with “Buy” on Thursday, September 29. The stock has “Neutral” rating by Citigroup on Wednesday, December 21. Rosenblatt maintained the shares of QCOM in report on Thursday, January 28 with “Buy” rating. The rating was initiated by Pacific Crest with “Overweight” on Friday, December 4. On Monday, August 21 the stock rating was maintained by BMO Capital Markets with “Hold”. The firm has “Buy” rating by Canaccord Genuity given on Thursday, April 19.

Since January 9, 2018, it had 0 insider buys, and 8 insider sales for $7.62 million activity. THOMPSON JAMES H also sold $3.14 million worth of QUALCOMM Incorporated (NASDAQ:QCOM) shares. GROB MATTHEW S sold $2.81M worth of QUALCOMM Incorporated (NASDAQ:QCOM) on Tuesday, January 9. $37,519 worth of QUALCOMM Incorporated (NASDAQ:QCOM) shares were sold by ROGERS ALEXANDER H. 11,670 shares were sold by Rosenberg Donald J, worth $618,603 on Tuesday, May 8. 16,082 shares were sold by AMON CRISTIANO R, worth $852,989.

Pro-Dex, Inc. (NASDAQ:PDEX) Institutional Positions Chart

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