Stocks of Qualcomm, Inc (NASDAQ:QCOM) traded higher last session on Wall Street, down -3.90% to $124.66.
QCOM stock price is now -22.07% away from the 50-day moving average and -25.78% away from the 200-day moving average. The market capitalization of the company currently stands at $137.87B.
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 635 shares of the company’s stock on Apr 08 ’25. The stock was sold for $84,633 at an average price of $133.28. Upon completion of the transaction, the CFO & COO now directly owns 57,093 shares in the company, valued at $7.12 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 07 ’25, CFO & COO Palkhiwala Akash J. sold 269 shares of the business’s stock. A total of $35,267 was realized by selling the stock at an average price of $131.10. This leaves the insider owning 57,728 shares of the company worth $7.2 million. A total of 0.10% of the company’s stock is owned by insiders.
During the past 12 months, Qualcomm, Inc has had a low of $120.80 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. According to the stock market information, the enterprise value for the company is $141165232128, which is based on a 13.32 price-to-earnings ratio, a 1.90 price-to-earnings-growth ratio, and a beta of 1.31. The fifty day moving average price for QCOM is $159.9678 and a two-hundred day moving average price translates $167.9711 for the stock.
The latest earnings results from Qualcomm, Inc (NASDAQ: QCOM) was released for 2024-12-29. 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.
