In yesterday’s Wall Street session, Qualcomm, Inc. (NASDAQ:QCOM) shares traded at $127.80, up 0.24% from the previous session.
As of this writing, 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 $127.50, this indicates a potential upside of 9.8 percent. QCOM stock price is now 11.82% away from the 50-day moving average and 9.19% away from the 200-day moving average. The market capitalization of the company currently stands at $142.24B.
There are 11 analysts who have given it a hold rating, whereas 16 have given it a buy rating. Brokers who have rated the stock have averaged $139.02 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 $31.16 million. Insiders disposed of 482,130 shares of company stock worth roughly $61.62 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
Friday morning saw Qualcomm, Inc. (NASDAQ: QCOM) opened at $128.23. 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 $146.26B, which is based on a 19.90 price-to-earnings ratio, a 3.08 price-to-earnings-growth ratio, and a beta of 1.25. The fifty day moving average price for QCOM is $114.57 and a two-hundred day moving average price translates $117.03 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 $8.67B in revenue.
