Stocks of Qualcomm, Inc. (NASDAQ:QCOM) traded higher last session on Wall Street, down -0.44% to $170.10.
QCOM stock price is now 9.68% away from the 50-day moving average and 31.68% away from the 200-day moving average. The market capitalization of the company currently stands at $189.83B.
With the price target enhanced from $160 to $170, TD Cowen maintained Outperform rating for Qualcomm, Inc. (NASDAQ: QCOM). On February 01, 2024, Citigroup Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock keeping its target price maintained at $160, while ‘Cantor Fitzgerald’ rates the stock as ‘Neutral’
In other news, AMON CRISTIANO R, President & CEO sold 8,100 shares of the company’s stock on Mar 07 ’24. The stock was sold for $1,373,760 at an average price of $169.60. Upon completion of the transaction, the President & CEO now directly owns 16,200 shares in the company, valued at $2.76 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 07 ’24, CFO & COO Palkhiwala Akash J. sold 7,000 shares of the business’s stock. A total of $1,225,118 was realized by selling the stock at an average price of $175.02. This leaves the insider owning 72,343 shares of the company worth $12.31 million. A total of 0.21% of the company’s stock is owned by insiders.
During the past 12 months, Qualcomm, Inc. has had a low of $101.47 and a high of $177.59. As of last week, the company has a debt-to-equity ratio of 0.67, a current ratio of 2.56, and a quick ratio of 1.88. According to the stock market information, the enterprise value for the company is $193.25B, which is based on a 24.65 price-to-earnings ratio, a 2.96 price-to-earnings-growth ratio, and a beta of 1.42. The fifty day moving average price for QCOM is $155.71 and a two-hundred day moving average price translates $129.44 for the stock.
The latest earnings results from Qualcomm, Inc. (NASDAQ: QCOM) was released for Dec, 2023. According to the Semiconductors Company, earnings per share came in at $2.53, beating analysts’ expectations of $2.18 by 0.35. This compares to -$0.03 EPS in the same period last year. The net profit margin was 21.39% and return on equity was 37.63% for QCOM. The company reported revenue of $9.94 billion for the quarter, compared to $9.46 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.99 percent. For the current quarter, analysts expect QCOM to generate $8.57B in revenue.
