The price of Qualcomm, Inc. (NASDAQ:QCOM) shares last traded on Wall Street rose 0.73% to $161.35.
QCOM stock price is now -2.01% away from the 50-day moving average and 20.00% away from the 200-day moving average. The market capitalization of the company currently stands at $180.07B.
With the price target of $200, The Benchmark Company recently initiated with Buy rating for Qualcomm, Inc. (NASDAQ: QCOM). On April 16, 2024, Evercore ISI recently initiated its ‘In-line’ rating on the stock quoting a target price of $177, while ‘TD Cowen’ rates the stock as ‘Outperform’
In other news, Palkhiwala Akash J., CFO & COO sold 3,000 shares of the company’s stock on Apr 04 ’24. The stock was sold for $520,480 at an average price of $173.49. Upon completion of the transaction, the CFO & COO now directly owns 69,343 shares in the company, valued at $11.19 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 01 ’24, Chief Technology Officer THOMPSON JAMES H sold 8,000 shares of the business’s stock. A total of $1,346,160 was realized by selling the stock at an average price of $168.27. This leaves the insider owning 261,893 shares of the company worth $42.26 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 Semiconductors Company, earnings per share came in at 2.15, inline with analysts’ expectations of 2.15. 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 $8.76B in revenue.
