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As Qualcomm (QCOM) Share Price Declined, Webster Bank Lowered Its Holding; As Systemax (SYX) Stock Price Declined, Prescott General Partners Upped by $3.04 Million Its Holding

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Prescott General Partners Llc increased its stake in Systemax Inc (SYX) by 4.34% based on its latest 2017Q4 regulatory filing with the SEC. Prescott General Partners Llc bought 92,018 shares as the company’s stock declined 3.60% with the market. The hedge fund held 2.21M shares of the catalog and specialty distribution company at the end of 2017Q4, valued at $73.53M, up from 2.12 million at the end of the previous reported quarter. Prescott General Partners Llc who had been investing in Systemax Inc for a number of months, seems to be bullish on the $1.18 billion market cap company. The stock increased 0.16% or $0.05 during the last trading session, reaching $31.69. About 52,550 shares traded. Systemax Inc. (NYSE:SYX) has risen 207.79% since May 20, 2017 and is uptrending. It has outperformed by 196.24% the S&P500.

Webster Bank decreased its stake in Qualcomm Inc (QCOM) by 96.15% based on its latest 2017Q4 regulatory filing with the SEC. Webster Bank sold 42,692 shares as the company’s stock declined 15.28% with the market. The institutional investor held 1,710 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q4, valued at $110,000, down from 44,402 at the end of the previous reported quarter. Webster Bank who had been investing in Qualcomm Inc for a number of months, seems to be less bullish one the $85.27B market cap company. The stock increased 0.98% or $0.56 during the last trading session, reaching $57.51. About 10.20M shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has declined 3.21% since May 20, 2017 and is downtrending. It has underperformed by 14.76% the S&P500.

Webster Bank, which manages about $727.07 million US Long portfolio, upped its stake in Ssga Funds Management Inc by 13,333 shares to 178,813 shares, valued at $8.70 million in 2017Q4, according to the filing. It also increased its holding in Vanguard Intl Equi (VGK) by 31,699 shares in the quarter, for a total of 127,551 shares, and has risen its stake in Citigroup Inc (NYSE:C).

Among 37 analysts covering Qualcomm Inc. (NASDAQ:QCOM), 15 have Buy rating, 2 Sell and 20 Hold. Therefore 41% are positive. Qualcomm Inc. had 155 analyst reports since July 23, 2015 according to SRatingsIntel. Stifel Nicolaus maintained QUALCOMM Incorporated (NASDAQ:QCOM) on Wednesday, June 28 with “Buy” rating. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Buy” rating given on Tuesday, January 16 by Canaccord Genuity. The stock has “Hold” rating by Stifel Nicolaus on Wednesday, November 29. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) earned “Neutral” rating by Citigroup on Wednesday, December 21. The firm has “Positive” rating given on Wednesday, January 13 by Susquehanna. The firm earned “Hold” rating on Thursday, April 19 by Stifel Nicolaus. Susquehanna maintained QUALCOMM Incorporated (NASDAQ:QCOM) rating on Monday, March 26. Susquehanna has “Buy” rating and $6800 target. The firm has “Hold” rating by RBC Capital Markets given on Thursday, August 24. JP Morgan initiated it with “Neutral” rating and $57.50 target in Tuesday, September 8 report. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) earned “Underperform” rating by CLSA on Monday, January 23.

Investors sentiment decreased to 0.83 in Q4 2017. 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. Savant Cap Ltd Liability Company has invested 0.1% in QUALCOMM Incorporated (NASDAQ:QCOM). Aperio Group Lc holds 0.21% or 625,171 shares in its portfolio. Fiduciary stated it has 45,903 shares or 0.09% of all its holdings. Sector Pension Invest Board stated it has 0.07% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Old National Bank & Trust In invested in 0.1% or 29,474 shares. Country Trust Commercial Bank, a Illinois-based fund reported 180,246 shares. The Washington-based Perkins Coie has invested 1.12% in QUALCOMM Incorporated (NASDAQ:QCOM). Pzena Invest Mgmt Lc accumulated 0.23% or 744,080 shares. Credit Suisse Ag accumulated 4.98M shares. Carroll Assocs reported 0.05% stake. Buckingham Asset Mngmt Limited Company reported 12,749 shares. Alpine Associate Mngmt Inc owns 581,443 shares or 1.33% of their US portfolio. Kistler has 4,628 shares for 0.12% of their portfolio. City Holdings owns 23,070 shares for 0.47% of their portfolio. 230,280 are owned by Blair William & Co Il.

Analysts await QUALCOMM Incorporated (NASDAQ:QCOM) to report earnings on July, 18. They expect $0.58 earnings per share, down 17.14% or $0.12 from last year’s $0.7 per share. QCOM’s profit will be $859.91M for 24.79 P/E if the $0.58 EPS becomes a reality. After $0.67 actual earnings per share reported by QUALCOMM Incorporated for the previous quarter, Wall Street now forecasts -13.43% negative EPS growth.

Since January 9, 2018, it had 0 insider purchases, and 8 selling transactions for $7.62 million activity. The insider AMON CRISTIANO R sold $852,989. The insider GROB MATTHEW S sold 43,000 shares worth $2.81M. 11,670 shares were sold by Rosenberg Donald J, worth $618,603. THOMPSON JAMES H sold $3.14 million worth of stock.

More notable recent QUALCOMM Incorporated (NASDAQ:QCOM) news were published by: Seekingalpha.com which released: “Qualcomm lists three concessions for ending Apple legal fight” on May 01, 2018, also Seekingalpha.com with their article: “Apple Stymies Qualcomm’s Quarterly Results” published on April 30, 2018, Investorplace.com published: “3 Wearable Stocks to Buy That Aren’t Apple Stock” on May 17, 2018. More interesting news about QUALCOMM Incorporated (NASDAQ:QCOM) were released by: Fool.com and their article: “Can Qualcomm Get That Crucial Chinese Approval to Buy NXP Semiconductors Now?” published on May 18, 2018 as well as Investorplace.com‘s news article titled: “3 Stocks to Watch on Thursday: Booking Holdings Inc (BKNG), Microsoft Corporation (MSFT) and Qualcomm, Inc …” with publication date: May 10, 2018.

Systemax Inc. (NYSE:SYX) Institutional Positions Chart

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