In yesterday’s Wall Street session, QUALCOMM Incorporated (NASDAQ:QCOM) shares traded at $123.65, up 2.87% from the previous session.
As of this writing, 30 analysts cover QUALCOMM Incorporated (NASDAQ:QCOM). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $250.00 and a low of $105.00, we find $150.00. Given the previous closing price of $120.20, this indicates a potential upside of 24.79 percent. QCOM stock price is now 4.87% away from the 50-day moving average and -10.18% away from the 200-day moving average. The market capitalization of the company currently stands at $137.50B.
There are 9 analysts who have given it a hold rating, whereas 17 have given it a buy rating. Brokers who have rated the stock have averaged $150.35 as their price target over the next twelve months.
With the price target of $150, Credit Suisse recently initiated with Outperform rating for QUALCOMM Incorporated (NASDAQ: QCOM). On October 24, 2022, HSBC Securities recently initiated its ‘Buy’ rating on the stock quoting a target price of $180, while ‘KeyBanc Capital Markets’ rates the stock as ‘Overweight’.
In other news, POLEK ERIN L, SVP, Controller & CAO sold 2,894 shares of the company’s stock on Nov 21. The stock was sold for $350,463 at an average price of $121.10. Upon completion of the transaction, the SVP, Controller & CAO now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 03, President QTL & Global Affairs ROGERS ALEXANDER H sold 5,591 shares of the business’s stock. A total of $642,909 was realized by selling the stock at an average price of $114.99. This leaves the insider owning 44,572 shares of the company worth $5.51 million. Insiders disposed of 249,152 shares of company stock worth roughly $30.81 million over the past 1 year. A total of 0.14% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in QCOM stock. A new stake in QUALCOMM Incorporated shares was purchased by BEUTEL, GOODMAN & CO LTD. during the first quarter worth $113,064,000. CAPITAL WEALTH PLANNING, LLC invested $84,521,000 in shares of QCOM during the first quarter. In the first quarter, QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in QUALCOMM Incorporated valued at approximately $69,687,000. CEREDEX VALUE ADVISORS LLC acquired a new stake in QCOM for approximately $55,741,000. FENGHE FUND MANAGEMENT PTE. LTD. purchased a new stake in QCOM valued at around $40,075,000 in the second quarter. In total, there are 3,030 active investors with 74.20% ownership of the company’s stock.
Tuesday morning saw QUALCOMM Incorporated (NASDAQ: QCOM) opened at $120.84. During the past 12 months, QUALCOMM Incorporated has had a low of $101.93 and a high of $193.58. As of last week, the company has a debt-to-equity ratio of 0.86, a current ratio of 1.70, and a quick ratio of 1.20. The fifty day moving average price for QCOM is $117.88 and a two-hundred day moving average price translates $137.41 for the stock.
The latest earnings results from QUALCOMM Incorporated (NASDAQ: QCOM) was released for Jun, 2022. According to the Semiconductors Company, earnings per share came in at $2.96, beating analysts’ expectations of $2.87 by 0.09. This compares to $2.45 EPS in the same period last year. The net profit margin was 29.30% and return on equity was 88.10% for QCOM. The company reported revenue of $11.39 billion for the quarter, compared to $9.34 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.05 percent. For the current quarter, analysts expect QCOM to generate $11.38B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/15/2022. Investors who held shares on 12/01/2022 were paid a $0.75 dividend. On an annualized basis, this represents a $3.00 dividend and a 2.43% percent yield. There was an ex-dividend date of 11/30/2022 for this dividend. In terms of dividend payout ratio, QCOM is presently at 24.80%.
QUALCOMM Incorporated(QCOM) Company Profile
QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. The company operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products. The QTL segment grants licenses or provides rights to use portions of its intellectual property portfolio, which include various patent rights useful in the manufacture and sale of wireless products comprising products implementing CDMA2000, WCDMA,LTE and/or OFDMA-based 5G standards and their derivatives. The QSI segment invests in early-stage companies in various industries, including 5G, artificial intelligence, automotive, consumer, enterprise, cloud, and IoT, and investment for supporting the design and introduction of new products and services for voice and data communications, new industries, and applications. It also provides development, and other services and related products to the United States government agencies and their contractors. QUALCOMM Incorporated was incorpotared in 1985 and is headquartered in San Diego, California.