Two Stocks To Tuck Away: Microsoft Corporation (MSFT), QUALCOMM Incorporated (QCOM) - Financial Mercury

The shares of Microsoft Corporation (NASDAQ:MSFT) has been pegged with a rating of Buy by BofA/Merrill in its latest research note that was published on October 25th, 2018. The research company has also assigned a $140 price target. BofA/Merrill wasn’t the only research firm that published a report of Microsoft Corporation, with other equities research analysts also giving their opinion on the stock. BofA/Merrill advised investors in its research note published on October 22nd, 2018, to Buy the MSFT stock while also putting a $135 price target. The stock had earned Outperform rating from Wedbush when it published its report on October 19th, 2018. That day the Wedbush set price target on the stock to $140. The stock was given Outperform rating by Macquarie in its report released on October 12th, 2018. Griffin Securities was of a view that MSFT is Buy in its latest report on July 20th, 2018 while giving it a price target of $124. BMO Capital Markets thinks that MSFT is worth Outperform rating. This was contained in the firm’s report on July 20th, 2018 in which the stock’s price target was also moved to $125.

Amongst the analysts that rated the stock, 1 have recommended investors to sell it, 1 believe it has the potential for further growth, thus rating it as Hold while 19 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $125.39. The price of the stock the last time has raised by 20.70% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 44.38.

The shares of the company added by 0.62% during the trading session on Thursday, reaching a low of $96.4 while ending the day at $101.18. During the trading session, a total of 48.74 million shares were traded which represents a -20.29% decline from the average session volume which is 40.52M shares. MSFT had ended its last session trading at 100.56. Microsoft Corporation currently has a market cap of $810.51B, while its P/E ratio stands at 24.16, while its P/E earnings growth sits at 7.05, with a beta of 1.20. Microsoft Corporation debt-to-equity ratio currently stands at 0.94, while its quick ratio hovers at 2.90. MSFT 52-week low price stands at $83.83 while its 52-week high price is $116.18.

The company in its last quarterly report recorded $1.14 earnings per share which is above the $0.96 predicted by most analysts. The Microsoft Corporation generated $29,084.00 million in revenue during the last quarter, which is slightly higher than the $27,903.70 million predicted by analysts. In the second quarter last year, the firm recorded $1.13 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 0.88%. Microsoft Corporation has the potential to record 4.19 EPS for the current fiscal year, according to equities analysts.

Investment analysts at Cowen published a research note on November 8th, 2018 where it informed investors and clients that QUALCOMM Incorporated (NASDAQ:QCOM) is now rated as Outperform. Their price target on the stock stands at $73. BofA/Merrill also rated QCOM as Reiterated on October 22nd, 2018, with its price target of $135 suggesting that QCOM could surge by 18.12% from its current share price. Even though the stock has been trading at $55.96/share, analysts expect it to surge higher by 0.23% to reach $68.50/share. It started the day trading at $56.39 and traded between $54.77 and $56.09 throughout the trading session.

A look at its technical shows that QCOM’s 50-day SMA is 58.98 while its 200-day SMA stands at 60.57. The company’s average trading volume currently stands at 16.79M shares, which means that the short-interest ratio is just 4.44 days. Over the past seven days, the company moved, with its shift of -1.06%. Looking further, the stock has dropped -21.84% over the past 90 days while it gained 1.67% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc sold more QCOM shares, decreasing its portfolio by -3.53% during the last quarter. This move now sees The Vanguard Group Inc selling -3,854,677 shares in the last quarter, thus it now holds 105,497,685 shares of QCOM, with a total valuation of $6,146,295,128. BlackRock Fund Advisors meanwhile sold more QCOM shares in the recently filed quarter, changing its stake to $3,781,413,831 worth of shares. SSgA Funds Management Inc followed the path by increasing its QCOM portfolio by +2.52% in the quarter. This means that SSgA Funds Management Inc bought 1,392,778 shares in the last quarter and now controls 56,769,294 shares of the QCOM stock, with the valuation hitting $3,307,379,068.

Similarly, Fidelity Management Research Co decreased its QUALCOMM Incorporated shares by -32.57% during the recently filed quarter. After selling -18,327,457 shares in the last quarter, the firm now controls 37,937,617 shares of QUALCOMM Incorporated which are valued at $2,210,245,566. In the same vein, T Rowe Price Associates Inc decreased its QUALCOMM Incorporated shares by during the most recent reported quarter. The firm sold -358,691 shares during the quarter which decreased its stakes to 26,050,447 shares and is now valued at $1,517,699,042. Following these latest developments, around 0.19% of QUALCOMM Incorporated stocks are owned by institutional investors and hedge funds.

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