As Freeport (FCX) Market Value Declined, Shareholder Brave Asset Management Trimmed …

Some Historical QCOM News: 12/03/2018 – Dealbook: Broadcom’s Bid for Qualcomm May Be Headed for Rejection, U.S. Panel Warns; 29/03/2018 …

QUALCOMM Incorporated (NASDAQ:QCOM) Logo

Partnervest Advisory Services Llc increased its stake in Qualcomm Inc (QCOM) by 84.92% based on its latest 2018Q3 regulatory filing with the SEC. Partnervest Advisory Services Llc bought 6,509 shares as the company’s stock declined 20.85% with the market. The institutional investor held 14,174 shares of the radio and television broadcasting and communications equipment company at the end of 2018Q3, valued at $1.02M, up from 7,665 at the end of the previous reported quarter. Partnervest Advisory Services Llc who had been investing in Qualcomm Inc for a number of months, seems to be bullish on the $69.70 billion market cap company. The stock increased 1.23% or $0.7 during the last trading session, reaching $57.5. About 12.02M shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has declined 12.25% since January 12, 2018 and is downtrending. It has underperformed by 12.25% the S&P500. Some Historical QCOM News: 12/03/2018 – Dealbook: Broadcom’s Bid for Qualcomm May Be Headed for Rejection, U.S. Panel Warns; 29/03/2018 – Qualcomm Board Members Draw Tepid Support From Shareholders; 13/03/2018 – Recode Daily: Trump stops the Broadcom-Qualcomm deal; 16/03/2018 – Tale of woe for Hock Tan and his shattered Qualcomm dream; 30/04/2018 – Fidelity Contrafund Adds Goldman Sachs, Exits Qualcomm; 09/03/2018 – Broadcom: ‘Any Notion That a Combined Broadcom-Qualcomm Would Slash Funding or Cede Leadership in 5G Is Completely Unfounded’; 21/05/2018 – Qualcomm Begins Cash Offers for Four Series of Notes Open to Retail Holders Only; 25/05/2018 – VentureBeat: Qualcomm claims its on-device voice recognition is 95% accurate; 12/03/2018 – TRUMP ORDER SAYS ALL 15 CANDIDATE DIRECTORS PROPOSED BY BROADCOM ARE DISQUALIFIED FOR QUALCOMM BOARD; 21/05/2018 – QUALCOMM – UNCERTAIN IF NXP SEMICONDUCTORS DEAL WILL BE CONSUMMATED ON OR BEFORE JUNE 1, 2018

Brave Asset Management Inc decreased its stake in Freeport (FCX) by 89.98% based on its latest 2018Q3 regulatory filing with the SEC. Brave Asset Management Inc sold 123,251 shares as the company’s stock declined 19.02% with the market. The institutional investor held 13,724 shares of the basic industries company at the end of 2018Q3, valued at $191,000, down from 136,975 at the end of the previous reported quarter. Brave Asset Management Inc who had been investing in Freeport for a number of months, seems to be less bullish one the $16.81B market cap company. The stock increased 0.78% or $0.09 during the last trading session, reaching $11.6. About 21.53M shares traded or 5.91% up from the average. Freeport-McMoRan Inc. (NYSE:FCX) has declined 27.96% since January 12, 2018 and is downtrending. It has underperformed by 27.96% the S&P500. Some Historical FCX News: 24/04/2018 – FREEPORT SEES FY COPPER SALES VOLUME 3.8B LBS; 21/04/2018 – DJ Freeport-McMoRan Inc, Inst Holders, 1Q 2018 (FCX); 08/05/2018 – BT Investment Adds Pagseguro Digital Ltd., Cuts Freeport: 13F; 22/05/2018 – RIO IS SAID READY TO ACCEPT $3.5 BILLION DEAL TO EXIT GRASBERG; 04/05/2018 – DOWDUPONT – DISCUSSIONS BETWEEN THE EPA AND DOW HAVE OCCURRED PERIODICALLY FOLLOWING THE INSPECTION AT FREEPORT FACILITY AND ARE ONGOING; 15/05/2018 – FREEPORT WOULDN’T RULE OUT INVESTING IN HIGH-RISK JURISDICTIONS; 06/03/2018 – FREEPORT-MCMORAN SAYS ON MARCH 5, 2018, ANDREW LANGHAM RESIGNED FROM BOARD OF CO – SEC FILING; 24/04/2018 – FREEPORT-MCMORAN – PRODUCTION FROM LONE STAR OXIDE ORES EXPECTED TO AVERAGE ABOUT 200 MLN POUNDS OF COPPER PER YEAR WITH APPROXIMATE 20-YR MINE LIFE; 21/03/2018 – Buyer of Freeport Indonesia Stake Flooded With Bank Loan Offers; 24/04/2018 – FREEPORT-MCMORAN INC – CAPITAL EXPENDITURES FOR YEAR 2018 ARE EXPECTED TO APPROXIMATE $2.0 BLN

Since August 27, 2018, it had 0 insider purchases, and 7 selling transactions for $8.28 million activity. On Thursday, December 13 the insider Rosenberg Donald J sold $524,895. $6.10 million worth of QUALCOMM Incorporated (NASDAQ:QCOM) was sold by AMON CRISTIANO R on Wednesday, October 10.

Among 37 analysts covering Qualcomm Inc. (NASDAQ:QCOM), 16 have Buy rating, 1 Sell and 20 Hold. Therefore 43% are positive. Qualcomm Inc. had 170 analyst reports since July 23, 2015 according to SRatingsIntel. The firm has “Outperform” rating by Macquarie Research given on Tuesday, September 4. As per Monday, November 13, the company rating was maintained by Bernstein. The stock has “Hold” rating by Charter Equity on Tuesday, February 13. JP Morgan initiated QUALCOMM Incorporated (NASDAQ:QCOM) rating on Tuesday, September 8. JP Morgan has “Neutral” rating and $57.50 target. The rating was maintained by Stifel Nicolaus with “Hold” on Thursday, September 27. On Monday, July 27 the stock rating was upgraded by Morgan Stanley to “Overweight”. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Buy” rating given on Friday, August 14 by Canaccord Genuity. The firm earned “Hold” rating on Thursday, March 15 by Deutsche Bank. The rating was maintained by KeyBanc Capital Markets on Tuesday, August 22 with “Buy”. The firm has “Buy” rating by Rosenblatt given on Thursday, October 22.

Investors sentiment decreased to 0.77 in 2018 Q3. Its down 0.17, from 0.94 in 2018Q2. It turned negative, as 48 investors sold QCOM shares while 521 reduced holdings. 153 funds opened positions while 285 raised stakes. 1.05 billion shares or 4.81% less from 1.10 billion shares in 2018Q2 were reported. Maverick reported 0.12% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Winslow Evans & Crocker has invested 0.2% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Kentucky-based Kentucky Retirement Sys has invested 0.76% in QUALCOMM Incorporated (NASDAQ:QCOM). Oppenheimer Asset Incorporated owns 427,818 shares. Stelac Advisory Services Ltd Limited Liability Company holds 2,475 shares. Community Fincl Group Inc Lc has invested 0.15% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Maryland-based Fort Lp has invested 0% in QUALCOMM Incorporated (NASDAQ:QCOM). 22,680 were reported by Wilbanks Smith And Thomas Asset Limited Liability Com. Mutual Of America Ltd Co reported 0.19% stake. 21,560 are held by Boys Arnold &. Guinness Asset Mngmt stated it has 51,540 shares or 0.67% of all its holdings. California-based has invested 0.93% in QUALCOMM Incorporated (NASDAQ:QCOM). Amg Funds Limited Company reported 1.3% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Barton Mngmt owns 100,867 shares or 1.12% of their US portfolio. Kanawha Cap Mgmt invested in 0.61% or 60,519 shares.

More notable recent QUALCOMM Incorporated (NASDAQ:QCOM) news were published by: Nasdaq.com which released: “Noteworthy Friday Option Activity: TXN, QCOM, XENT – Nasdaq” on December 21, 2018, also Fool.com with their article: “Micron Scores Big Automotive Deals With Intel and Qualcomm – The Motley Fool” published on January 11, 2019, Nasdaq.com published: “QQQ, QCOM, CTSH, MU: Large Outflows Detected at ETF – Nasdaq” on January 04, 2019. More interesting news about QUALCOMM Incorporated (NASDAQ:QCOM) were released by: Nasdaq.com and their article: “Technology Sector Update for 01/04/2019: GOOG,GOOGL,QCOM,AAPL – Nasdaq” published on January 04, 2019 as well as Nasdaq.com‘s news article titled: “Technology Sector Update for 12/13/2018: CIEN, AAPL, QCOM, QTRH, MSFT, IBM, CSCO, GOOG – Nasdaq” with publication date: December 13, 2018.

Brave Asset Management Inc, which manages about $193.32M and $194.86 million US Long portfolio, upped its stake in Alps Etf Tr (AMLP) by 35,089 shares to 329,750 shares, valued at $3.52 million in 2018Q3, according to the filing. It also increased its holding in Ishares Tr (DVY) by 56,781 shares in the quarter, for a total of 185,809 shares, and has risen its stake in At&T Inc (NYSE:T).

Since October 30, 2018, it had 0 insider buys, and 1 sale for $836,250 activity.

Analysts await Freeport-McMoRan Inc. (NYSE:FCX) to report earnings on January, 24. They expect $0.26 EPS, down 49.02% or $0.25 from last year’s $0.51 per share. FCX’s profit will be $376.75 million for 11.15 P/E if the $0.26 EPS becomes a reality. After $0.35 actual EPS reported by Freeport-McMoRan Inc. for the previous quarter, Wall Street now forecasts -25.71% negative EPS growth.

Investors sentiment increased to 1.1 in Q3 2018. Its up 0.02, from 1.08 in 2018Q2. It improved, as 55 investors sold FCX shares while 198 reduced holdings. 74 funds opened positions while 204 raised stakes. 983.61 million shares or 3.09% less from 1.01 billion shares in 2018Q2 were reported. Cypress Limited Company (Wy), Wyoming-based fund reported 15,000 shares. Cs Mckee LP invested 0.41% of its portfolio in Freeport-McMoRan Inc. (NYSE:FCX). Thompson Inv Mngmt invested in 401,518 shares or 1% of the stock. Greenwich Wealth Mngmt Lc stated it has 0.77% of its portfolio in Freeport-McMoRan Inc. (NYSE:FCX). Pillar Pacific Capital Management Ltd Liability accumulated 260,231 shares. Moore Management Limited Partnership invested 0.07% of its portfolio in Freeport-McMoRan Inc. (NYSE:FCX). Weatherly Asset Mngmt LP holds 0.2% or 69,908 shares in its portfolio. State Treasurer State Of Michigan reported 431,723 shares. 2.43 million are owned by Marshall Wace Llp. Cetera Advisor Ntwk Ltd Liability Co holds 0.01% in Freeport-McMoRan Inc. (NYSE:FCX) or 23,242 shares. Gamco Invsts Inc Et Al, New York-based fund reported 3.14 million shares. Wesbanco Savings Bank holds 0.01% or 17,805 shares. Edgewood Management Limited Liability Company owns 14,319 shares. M&T Retail Bank Corporation holds 0.01% or 95,081 shares in its portfolio. Stratos Wealth Ptnrs Ltd has invested 0.01% in Freeport-McMoRan Inc. (NYSE:FCX).

More notable recent Freeport-McMoRan Inc. (NYSE:FCX) news were published by: Seekingalpha.com which released: “Freeport McMoRan, Indonesia close long-awaited $3.85B deal – Seeking Alpha” on December 21, 2018, also Seekingalpha.com with their article: “A Structural Valuation Of Freeport-McMoRan – Seeking Alpha” published on September 20, 2018, Seekingalpha.com published: “Freeport-McMoRan: Buy The China Induced Weakness – Seeking Alpha” on September 06, 2018. More interesting news about Freeport-McMoRan Inc. (NYSE:FCX) were released by: Seekingalpha.com and their article: “Freeport-McMoRan Has More Problems On Its Hands Than Just Low Copper Prices – Seeking Alpha” published on November 21, 2018 as well as Seekingalpha.com‘s news article titled: “Freeport-McMoRan: A Look At Key Catalysts – Seeking Alpha” with publication date: December 05, 2018.

Among 25 analysts covering Freeport-McMoran Copper & Gold (NYSE:FCX), 6 have Buy rating, 5 Sell and 14 Hold. Therefore 24% are positive. Freeport-McMoran Copper & Gold had 117 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of Freeport-McMoRan Inc. (NYSE:FCX) earned “Buy” rating by Jefferies on Monday, July 10. The rating was upgraded by Deutsche Bank on Monday, October 3 to “Buy”. The firm has “Buy” rating given on Thursday, October 25 by FBR Capital. On Thursday, May 19 the stock rating was initiated by Goldman Sachs with “Neutral”. RBC Capital Markets maintained it with “Hold” rating and $2300 target in Tuesday, April 3 report. On Tuesday, June 27 the stock rating was maintained by BMO Capital Markets with “Hold”. Deutsche Bank maintained the shares of FCX in report on Monday, May 2 with “Hold” rating. As per Tuesday, January 12, the company rating was downgraded by Jefferies. The firm has “Equal Weight” rating given on Monday, May 2 by Barclays Capital. Scotia Capital maintained the stock with “Hold” rating in Monday, January 8 report.

QUALCOMM Incorporated (NASDAQ:QCOM) Institutional Positions Chart

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