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QUALCOMM (QCOM) Stock Price, News & Analysis

QUALCOMM logo
$156.79 +1.33 (+0.86%)
(As of 11/22/2024 ET)

About QUALCOMM Stock (NASDAQ:QCOM)

Key Stats

Today's Range
$153.73
$156.88
50-Day Range
$154.27
$178.04
52-Week Range
$125.67
$230.63
Volume
5.71 million shs
Average Volume
9.02 million shs
Market Capitalization
$174.19 billion
P/E Ratio
17.44
Dividend Yield
2.17%
Price Target
$210.15
Consensus Rating
Moderate Buy

Company Overview

Qualcomm Incorporated is a global wireless technology leader and a key semiconductor industry player. Founded in 1985 and headquartered in San Diego, California, Qualcomm's mission is to enable the convergence of mobile communications and computing technologies. The company designs and manufactures chips and other technologies for smartphones, tablets, laptops, and other wireless devices. Its products and services include processors, modems, radio frequency chips, software, and patent licensing. The company operates in over 40 countries and employs more than 40,000 people.

Qualcomm's leadership team comprises seasoned industry professionals with a wealth of experience in engineering, technology, and business. Cristiano Amon was appointed Chief Executive Officer of Qualcomm in July 2021, succeeding Steve Mollenkopf, who retired after leading the company for seven years. Amon has been with Qualcomm for over 20 years and has held various leadership positions, including president of Qualcomm CDMA Technologies (QCT), where he oversaw the company's chip business. 

Over the past few years, Qualcomm has delivered consistent financial performance driven by strong demand for its products and services. Qualcomm has consistently reported increasing revenue, net income, and profit margin over the past several years. The company's debt levels are manageable, with enough assets to cover liabilities. 

Qualcomm's valuation metrics are broadly in line with those of its peers in the semiconductor industry. The company's price-to-earnings and price-to-book ratios parallel others in the semiconductor sector. Qualcomm's valuation appears reasonable, reflecting the company's solid financial performance and growth prospects.

Qualcomm's stock has been relatively volatile recently, reflecting the company's strong financial performance and growth prospects. The volatility is due to weakening chip sales in the cellphone industry, weakening quarterly reports, and economic uncertainty. 

The semiconductor industry is highly competitive and subject to rapid technological change. Qualcomm operates in the wireless communications segment, characterized by strong demand for mobile devices and increasing use of data-intensive applications. The company faces significant competition from other semiconductor companies, including Broadcom, Intel, and NVIDIA. Additionally, the industry is subject to regulatory and political pressures, particularly in data privacy and security. Qualcomm has been at the forefront of industry innovation and is well-positioned to capitalize on growth opportunities in the wireless communications segment.

Despite Qualcomm's market position and financial performance, the company is not resting on its laurels. Instead, it is actively pursuing new growth opportunities to expand its business and increase revenue.

One key growth opportunity for Qualcomm is the development of new 5G technologies. As the world continues to move towards a more connected future, 5G networks will become increasingly important, and Qualcomm is well-positioned to capitalize on this trend. The company has already made significant investments in 5G technology and will likely continue to do so in the coming years.

Another growth opportunity for Qualcomm is in the automotive industry. As cars become more connected and autonomous, the need for advanced technologies and communication systems will increase, and Qualcomm is well-positioned to provide these solutions. The company has partnered with several major automakers to develop new technologies and will likely continue to do so.

Qualcomm is also looking to expand into new markets, particularly in Asia. The company already has a strong presence in China but is looking to expand into other Asian countries, such as India, with significant demand for advanced technologies.

While Qualcomm has many strengths, the company has risks and challenges. One of Qualcomm's most significant risks is the threat of increased competition. The technology industry is constantly evolving, and new competitors are always emerging. Qualcomm must stay ahead of the curve to ensure it retains market share with its competitors.

Another potential risk for Qualcomm is regulatory changes. The technology industry is heavily regulated, and changes to regulations could have a significant impact on Qualcomm's business. For example, changes to patent laws or international trade agreements could limit Qualcomm's ability to protect its intellectual property or sell its products in specific markets.

Qualcomm faces the risk of economic downturns. Like all companies, Qualcomm is vulnerable to changes in the broader economy, and a recession could lead to reduced demand for its products and services.

QUALCOMM Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
100th Percentile Overall Score

QCOM MarketRank™: 

QUALCOMM scored higher than 100% of companies evaluated by MarketBeat, and ranked 2nd out of 649 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    QUALCOMM has received a consensus rating of Moderate Buy. The company's average rating score is 2.54, and is based on 14 buy ratings, 12 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    QUALCOMM has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about QUALCOMM's stock forecast and price target.
  • Earnings Growth

    Earnings for QUALCOMM are expected to grow by 14.59% in the coming year, from $9.05 to $10.37 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of QUALCOMM is 17.44, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.90.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of QUALCOMM is 17.44, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 219.79.

  • Price to Earnings Growth Ratio

    QUALCOMM has a PEG Ratio of 2.61. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    QUALCOMM has a P/B Ratio of 6.63. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about QUALCOMM's valuation and earnings.
  • Percentage of Shares Shorted

    2.10% of the float of QUALCOMM has been sold short.
  • Short Interest Ratio / Days to Cover

    QUALCOMM has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in QUALCOMM has recently decreased by 6.75%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    QUALCOMM pays a meaningful dividend of 2.19%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    QUALCOMM has been increasing its dividend for 22 years.

  • Dividend Coverage

    The dividend payout ratio of QUALCOMM is 37.82%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, QUALCOMM will have a dividend payout ratio of 32.79% next year. This indicates that QUALCOMM will be able to sustain or increase its dividend.

  • Read more about QUALCOMM's dividend.
  • Percentage of Shares Shorted

    2.10% of the float of QUALCOMM has been sold short.
  • Short Interest Ratio / Days to Cover

    QUALCOMM has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in QUALCOMM has recently decreased by 6.75%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    QUALCOMM has a news sentiment score of 1.13. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.63 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 82 news articles for QUALCOMM this week, compared to 30 articles on an average week.
  • Search Interest

    207 people have searched for QCOM on MarketBeat in the last 30 days. This is an increase of 18% compared to the previous 30 days.
  • MarketBeat Follows

    51 people have added QUALCOMM to their MarketBeat watchlist in the last 30 days. This is an increase of 65% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, QUALCOMM insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,911,306.00 in company stock.

  • Percentage Held by Insiders

    Only 0.08% of the stock of QUALCOMM is held by insiders.

  • Percentage Held by Institutions

    74.35% of the stock of QUALCOMM is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about QUALCOMM's insider trading history.
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QCOM Stock News Headlines

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Volatility in Semis? 3 Stable Alternatives to NVIDIA and SMCI (QCOM)
The volatility in Super Micro Computer and Nvidia stock today has driven some investors to be cautious about the technology sector.
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After falling awfully close to their 52-week lows, these three stocks could present investors with potential buying opportunities.
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Juan Villaverde called the top and bottom of every crypto bull market since 2012. He believes Bitcoin will go to $150,000 — or more. But there’s one coin he thinks could go even higher.
Financial markets news icon
MarketBeat Week in Review – 11/4 - 11/8 (QCOM)
Markets rallied strongly this week on clarity about the election and an expected rate cut, but next week's inflation readings will determine if momentum lasts
Qualcomm stock price
Breakout Alert: Qualcomm Just Hit The Rally Button
Qualcomm shares were trading up more than 5% in Thursday’s pre-market session, which would put them at their highest level since before August’s dip.
See More Headlines

QCOM Stock Analysis - Frequently Asked Questions

QUALCOMM's stock was trading at $144.63 at the beginning of the year. Since then, QCOM stock has increased by 8.4% and is now trading at $156.79.
View the best growth stocks for 2024 here
.

QUALCOMM Incorporated (NASDAQ:QCOM) issued its earnings results on Thursday, February, 2nd. The wireless technology company reported $2.37 EPS for the quarter, topping analysts' consensus estimates of $2.35 by $0.02. QUALCOMM's revenue was down 11.6% on a year-over-year basis.
Read the conference call transcript
.

QUALCOMM subsidiaries include Augmented Pixels, Clay AIR, Veoneer, Wikitude, Twenty Billion Neorons, Nuvia, RF360 Holdings, and others.

QUALCOMM's top institutional investors include State Street Corp (4.65%), Geode Capital Management LLC (2.44%), FMR LLC (1.19%) and Wellington Management Group LLP (0.96%). Insiders that own company stock include James H Thompson, Akash J Palkhiwala, Alexander H Rogers, Ann C Chaplin, Neil Smit, James J Cathey, Jeffrey William Henderson, Neil Martin, Sylvia Acevedo, Cristiano R Amon and Erin L Polek.
View institutional ownership trends
.

Shares of QCOM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that QUALCOMM investors own include Salesforce (CRM), Chevron (CVX), AbbVie (ABBV), Meta Platforms (META), NVIDIA (NVDA), Home Depot (HD) and Bristol-Myers Squibb (BMY).

Company Calendar

Last Earnings
2/02/2023
Ex-Dividend for 9/26 Dividend
9/05/2024
Dividend Payable
9/26/2024
Today
11/25/2024
Ex-Dividend for 12/19 Dividend
12/05/2024
Dividend Payable
12/19/2024
Next Earnings (Estimated)
1/29/2025
Fiscal Year End
9/30/2025

Industry, Sector and Symbol

Industry
Radio & t.v. communications equipment
Sub-Industry
Communications Equipment
Current Symbol
NASDAQ:QCOM
CUSIP
74752510
Employees
49,000
Year Founded
1985

Price Target and Rating

Average Stock Price Target
$210.15
High Stock Price Target
$270.00
Low Stock Price Target
$160.00
Potential Upside/Downside
+34.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.54
Research Coverage
28 Analysts

Profitability

Net Income
$10.14 billion
Pretax Margin
26.53%

Debt

Sales & Book Value

Annual Sales
$38.96 billion
Cash Flow
$10.21 per share
Book Value
$23.65 per share

Miscellaneous

Outstanding Shares
1,111,000,000
Free Float
1,110,111,000
Market Cap
$174.19 billion
Optionable
Optionable
Beta
1.28

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This page (NASDAQ:QCOM) was last updated on 11/25/2024 by MarketBeat.com Staff
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