Stocks of Qualcomm, Inc (NASDAQ:QCOM) traded higher last session on Wall Street, up 1.64% to $173.04.
QCOM stock price is now 7.41% away from the 50-day moving average and -1.38% away from the 200-day moving average. The market capitalization of the company currently stands at $191.28B.
With the price target reduced from $200 to $185, Barclays maintained Overweight rating for Qualcomm, Inc (NASDAQ: QCOM). On December 09, 2024, Melius recently initiated its ‘Hold’ rating on the stock quoting a target price of $180, while ‘Loop Capital’ rates the stock as ‘Hold’
In other news, Palkhiwala Akash J., CFO & COO sold 3,000 shares of the company’s stock on Jan 02 ’25. The stock was sold for $463,851 at an average price of $154.62. Upon completion of the transaction, the CFO & COO now directly owns 66,021 shares in the company, valued at $11.42 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 02 ’25, Chief Financial Officer Akash Palkhiwala bought 3,000 shares of the business’s stock. A total of $460,920 was incurred on buying the stock at an average price of $153.64. A total of 0.09% of the company’s stock is owned by insiders.
During the past 12 months, Qualcomm, Inc has had a low of $141.21 and a high of $230.63. As of last week, the company has a debt-to-equity ratio of 0.59, a current ratio of 2.40, and a quick ratio of 1.72. According to the stock market information, the enterprise value for the company is $194387443712, which is based on a 19.28 price-to-earnings ratio, a 2.65 price-to-earnings-growth ratio, and a beta of 1.28. The fifty day moving average price for QCOM is $160.9352 and a two-hundred day moving average price translates $175.4198 for the stock.
The latest earnings results from Qualcomm, Inc (NASDAQ: QCOM) was released for 2024-09-29. The net profit margin was 26.03% and return on equity was 42.25% for QCOM. The company reported revenue of $10.24 billion for the quarter, compared to $8.63 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.69 percent.
