Why These 5 Stocks Trended This Week

2. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 71

QUALCOMM Incorporated (NASDAQ:QCOM) fell 6.8% this week, which was in-line with the performance of other semiconductor companies such as Intel Corporation (NASDAQ:INTC)’s. Nevertheless, QUALCOMM Incorporated (NASDAQ:QCOM)’s performance was also worse than the 3% decline in the NASDAQ. QUALCOMM Incorporated (NASDAQ:QCOM) trended this week after Samik Chatterjee of JPMorgan said ‘discounted multiples’ were assigned to shares. Chatterjee has an ‘Overweight’ rating and $185 price target on QUALCOMM Incorporated (NASDAQ:QCOM).