QUALCOMM (NASDAQ:QCOM - Get Free Report) is expected to release its quarterly earnings data after the market closes on Wednesday, February 5th. Analysts expect QUALCOMM to post earnings of $2.93 per share and revenue of $10.89 billion for the quarter. QUALCOMM has set its Q1 guidance at $2.85-3.05 EPS and its Q1 2025 guidance at 2.850-3.050 EPS.Individual interested in participating in the company's earnings conference call can do so using this link.
QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.01 by $0.25. QUALCOMM had a return on equity of 38.81% and a net margin of 26.03%. The business had revenue of $10.24 billion during the quarter, compared to analysts' expectations of $9.90 billion. On average, analysts expect QUALCOMM to post $9 EPS for the current fiscal year and $11 EPS for the next fiscal year.
QUALCOMM Stock Up 0.1 %
QCOM traded up $0.16 during trading on Wednesday, reaching $171.71. The company had a trading volume of 5,100,980 shares, compared to its average volume of 7,555,757. The business's fifty day moving average price is $159.76 and its 200 day moving average price is $166.85. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.40 and a quick ratio of 1.79. QUALCOMM has a 12 month low of $139.26 and a 12 month high of $230.63. The company has a market cap of $190.77 billion, a P/E ratio of 19.10, a PEG ratio of 2.84 and a beta of 1.25.
QUALCOMM Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.85 per share. The ex-dividend date is Thursday, March 6th. This represents a $3.40 annualized dividend and a dividend yield of 1.98%. QUALCOMM's dividend payout ratio is currently 37.82%.
Analysts Set New Price Targets
A number of research firms have recently commented on QCOM. Loop Capital initiated coverage on shares of QUALCOMM in a research note on Monday, November 11th. They set a "hold" rating and a $180.00 price objective for the company. Benchmark reissued a "buy" rating and set a $240.00 price target on shares of QUALCOMM in a research report on Thursday, November 7th. Sanford C. Bernstein boosted their price target on QUALCOMM from $200.00 to $215.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. UBS Group increased their price objective on QUALCOMM from $185.00 to $190.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Finally, Citigroup lowered their target price on shares of QUALCOMM from $200.00 to $185.00 and set a "neutral" rating on the stock in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $206.57.
View Our Latest Stock Analysis on QUALCOMM
Insiders Place Their Bets
In related news, insider Alexander H. Rogers sold 10,373 shares of the business's stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $160.59, for a total value of $1,665,800.07. Following the transaction, the insider now owns 33,383 shares in the company, valued at $5,360,975.97. The trade was a 23.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Ann C. Chaplin sold 2,587 shares of the business's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $158.12, for a total value of $409,056.44. Following the completion of the transaction, the general counsel now directly owns 19,739 shares in the company, valued at $3,121,130.68. This represents a 11.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,882 shares of company stock valued at $4,314,649 in the last ninety days. 0.08% of the stock is currently owned by insiders.
About QUALCOMM
(
Get Free Report)
QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.
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