In Thursday’s Wall Street session, Qualcomm, Inc (NASDAQ:QCOM) shares traded at $173.70, down -0.87% from the previous session.
QCOM stock price is now 5.89% away from the 50-day moving average and -1.23% away from the 200-day moving average. The market capitalization of the company currently stands at $192.11B.
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 Feb 12 ’25. The stock was sold for $509,397 at an average price of $169.80. Upon completion of the transaction, the CFO & COO now directly owns 63,115 shares in the company, valued at $10.96 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 12 ’25, Chief Financial Officer Akash Palkhiwala bought 3,000 shares of the business’s stock. A total of $510,870 was incurred on buying the stock at an average price of $170.29. A total of 0.12% of the company’s stock is owned by insiders.
During the past 12 months, Qualcomm, Inc has had a low of $148.90 and a high of $230.63. As of last week, the company has a debt-to-equity ratio of 0.54, a current ratio of 2.62, and a quick ratio of 1.99.
The net profit margin was 25.94% and return on equity was 41.96% for QCOM. The company reported revenue of $11.67 billion for the quarter, compared to $9.94 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.45 percent. For the current quarter, analysts expect QCOM to generate $10.58B in revenue.
