Qualcomm, Inc. (NASDAQ:QCOM) shares traded 0.60% higher at $129.47 on Wall Street last session.
In accordance with the data, 33 analysts cover Qualcomm, Inc. (NASDAQ:QCOM). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $167.70 and a low of $100.00, we find $140.00. Given the previous closing price of $128.70, this indicates a potential upside of 8.78 percent. QCOM stock price is now 14.75% away from the 50-day moving average and 10.48% away from the 200-day moving average. The market capitalization of the company currently stands at $144.10B.
It has been rated a hold by 9 analysts and a buy by 17. Brokers who have rated the stock have averaged $138.72 as their price target over the next twelve months.
With the price target maintained at $125, Daiwa Securities recently Downgraded its rating from Buy to Outperform for Qualcomm, Inc. (NASDAQ: QCOM).
In other news, CATHEY JAMES J, Chief Commercial Officer sold 1,000 shares of the company’s stock on Nov 13. The stock was sold for $124,000 at an average price of $124.00. Upon completion of the transaction, the Chief Commercial Officer now directly owns 3,745 shares in the company, valued at $0.48 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 09, Chief Technology Officer THOMPSON JAMES H sold 10,000 shares of the business’s stock. A total of $1,201,132 was realized by selling the stock at an average price of $120.11. This leaves the insider owning 243,795 shares of the company worth $31.56 million. Insiders disposed of 489,071 shares of company stock worth roughly $63.32 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
Qualcomm, Inc. (NASDAQ: QCOM) opened at $129.30 on Friday. During the past 12 months, Qualcomm, Inc. has had a low of $101.47 and a high of $139.94. As of last week, the company has a debt-to-equity ratio of 0.74, a current ratio of 2.33, and a quick ratio of 1.62. According to the stock market information, the enterprise value for the company is $148.17B, which is based on a 20.16 price-to-earnings ratio, a 3.12 price-to-earnings-growth ratio, and a beta of 1.26. The fifty day moving average price for QCOM is $113.29 and a two-hundred day moving average price translates $117.15 for the stock.
The latest earnings results from Qualcomm, Inc. (NASDAQ: QCOM) was released for Sep, 2023. The net profit margin was 20.19% and return on equity was 37.07% for QCOM. The company reported revenue of $8.63 billion for the quarter, compared to $11.39 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -24.26 percent. For the current quarter, analysts expect QCOM to generate $9.5B in revenue.
Qualcomm, Inc.(QCOM) Company Profile
QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It 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, computing, multimedia, and position location 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, IoT, and extended reality, and investments, including non-marketable equity securities and, to a lesser extent, marketable equity securities, and convertible debt instruments. It also provides development, and other services and related products to the United States government agencies and their contractors. The company was incorporated in 1985 and is headquartered in San Diego, California.