Qualcomm, Inc. (NASDAQ:QCOM) shares traded -0.40% lower at $171.04 on Wall Street last session.
QCOM stock price is now 7.91% away from the 50-day moving average and 30.88% away from the 200-day moving average. The market capitalization of the company currently stands at $190.88B.
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, THOMPSON JAMES H, Chief Technology Officer sold 8,000 shares of the company’s stock on Apr 01 ’24. The stock was sold for $1,346,160 at an average price of $168.27. Upon completion of the transaction, the Chief Technology Officer now directly owns 261,893 shares in the company, valued at $44.79 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 07 ’24, President & CEO AMON CRISTIANO R sold 8,100 shares of the business’s stock. A total of $1,373,760 was realized by selling the stock at an average price of $169.60. This leaves the insider owning 16,200 shares of the company worth $2.77 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 $194.31B, which is based on a 24.79 price-to-earnings ratio, a 2.97 price-to-earnings-growth ratio, and a beta of 1.34. The fifty day moving average price for QCOM is $158.88 and a two-hundred day moving average price translates $130.92 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 $2.75, beating analysts’ expectations of $2.37 by 0.38. 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 $9.31B in revenue.
