The price of Qualcomm, Inc (NASDAQ:QCOM) shares last traded on Wall Street rose 1.66% to $152.89.
QCOM stock price is now -6.69% away from the 50-day moving average and -13.30% away from the 200-day moving average. The market capitalization of the company currently stands at $172.67B.
With the price target of $180, Melius recently initiated with Hold rating for Qualcomm, Inc (NASDAQ: QCOM). On November 12, 2024, Loop Capital recently initiated its ‘Hold’ rating on the stock quoting a target price of $180, while ‘Citigroup’ rates the stock as ‘Neutral’
In other news, CHAPLIN ANN C, General Counsel&Corp Secretary sold 2,587 shares of the company’s stock on Dec 16 ’24. The stock was sold for $409,056 at an average price of $158.12. Upon completion of the transaction, the General Counsel&Corp Secretary now directly owns 19,739 shares in the company, valued at $3.02 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 16 ’24, Officer ANN CHAPLIN bought 2,587 shares of the business’s stock. A total of $409,056 was incurred on buying the stock at an average price of $158.12. 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 $134.94 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 $172000788480, which is based on a 17.03 price-to-earnings ratio, a 3.59 price-to-earnings-growth ratio, and a beta of 1.26. The fifty day moving average price for QCOM is $163.847 and a two-hundred day moving average price translates $176.34544 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.
