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QUALCOMM (QCOM) Stock Price, News & Analysis

$207.89
+2.14 (+1.04%)
(As of 07/8/2024 ET)
Today's Range
$206.15
$210.44
50-Day Range
$164.11
$227.09
52-Week Range
$104.33
$230.63
Volume
6.91 million shs
Average Volume
10.25 million shs
Market Capitalization
$232.01 billion
P/E Ratio
27.94
Dividend Yield
1.64%
Price Target
$192.13

QUALCOMM MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
7.6% Downside
$192.13 Price Target
Short Interest
Healthy
2.10% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.89
Upright™ Environmental Score
News Sentiment
0.71mentions of QUALCOMM in the last 14 days
Based on 31 Articles This Week
Insider Trading
Selling Shares
$8.55 M Sold Last Quarter
Proj. Earnings Growth
13.12%
From $7.85 to $8.88 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.79 out of 5 stars

Computer And Technology Sector

34th out of 568 stocks

Radio & T.V. Communications Equipment Industry

1st out of 19 stocks

QCOM stock logo

About QUALCOMM Stock (NASDAQ:QCOM)

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.

QCOM Stock Price History

QCOM Stock News Headlines

Semiconductor chip
Qualcomm Stock Continues to Rise in the Face of Negative News
Qualcomm NASDAQ: QCOM is one of the leading players in the semiconductor industry. The firm has outperformed the market and industry over the past 12 months, with a total return of 75%.
The only way to play the AI boom?
A new AI profit window is opening. But I believe if you want to take advantage of this next wave of AI … You have to do something very few people will have the courage to do.
Semiconductor chip
Qualcomm Stock Continues to Rise in the Face of Negative News (QCOM)
Qualcomm is a global leader in the semiconductor industry. Despite negative recent news, shares continue to rise, and analysts are upping their price targets.
qualcomm logo on smartphone screen
Qualcomm Stock: AI-Powered Growth Despite Volatility
Qualcomm NASDAQ: QCOM is a dominant force in the semiconductor industry, designing and manufacturing wireless communication products and solutions. The industry is undergoing a significant transformation fueled by the burgeoning demand for AI-powered devices.
qualcomm logo on smartphone screen
Qualcomm Stock: AI-Powered Growth Despite Volatility
Qualcomm's focus on AI-powered devices drives strong financial performance, but investor sentiment remains cautious due to market volatility and competition.
The only way to play the AI boom?
A new AI profit window is opening. But I believe if you want to take advantage of this next wave of AI … You have to do something very few people will have the courage to do.
Ambarella logo sign
Can Ambarella Bolster Growth with Edge AI and AI Inference Chips? (QCOM)
Ambarella Inc. (NASDAQ: AMBA) is a semiconductor developer focused on creating system-on-a-chip (SoCs) optimized for computer vision applications.
3 Tech Stocks Leading the 5G Revolution
3 Contrarian Plays Poised to Soar as AI Mania Cools
The 3 Best Tech Stocks to Buy Now: July 2024
QUALCOMM (NASDAQ:QCOM) Trading 1% Higher
See More Headlines
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Company Calendar

Last Earnings
5/01/2024
Ex-Dividend for 6/20 Dividend
5/30/2024
Dividend Payable
6/20/2024
Today
7/09/2024
Next Earnings (Estimated)
8/07/2024
Fiscal Year End
9/30/2024

Industry, Sector and Symbol

Industry
Radio & t.v. communications equipment
Sub-Industry
Communications Equipment
Current Symbol
NASDAQ:QCOM
CUSIP
74752510
Employees
50,000
Year Founded
1985

Price Target and Rating

Average Stock Price Target
$192.13
High Stock Price Target
$270.00
Low Stock Price Target
$121.00
Potential Upside/Downside
-7.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
24 Analysts

Profitability

Net Income
$7.23 billion
Pretax Margin
23.72%

Debt

Sales & Book Value

Annual Sales
$36.41 billion
Cash Flow
$8.68 per share
Book Value
$19.39 per share

Miscellaneous

Outstanding Shares
1,116,000,000
Free Float
1,115,107,000
Market Cap
$232.01 billion
Optionable
Optionable
Beta
1.27

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Should I Buy QUALCOMM Stock? QCOM Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in QUALCOMM Incorporated:

  • QUALCOMM stock has shown a consistent upward trend, with a recent increase of 2.1%.
  • The company has a strong market capitalization of $222.28 billion, indicating stability and potential for growth.
  • QUALCOMM's quarterly earnings report exceeded analysts' expectations, with an EPS of $1.93, showcasing financial strength.
  • Recent insider selling activities could indicate confidence in the company's future performance.
  • QUALCOMM recently increased its quarterly dividend to $0.85 per share, reflecting a positive outlook on future cash flows.

Cons

Investors should be bearish about investing in QUALCOMM Incorporated for these reasons:

  • The stock price of QUALCOMM has reached a high of $199.18, potentially limiting short-term upside for new investors.
  • Insiders have sold a significant number of shares in the last 90 days, which could raise concerns about future performance.
  • QUALCOMM's PEG ratio of 2.40 may indicate overvaluation compared to growth prospects.
  • The company's debt-to-equity ratio of 0.59 suggests a moderate level of financial leverage that could impact future earnings.
  • Institutional investors own a significant portion (74.35%) of the company's stock, potentially limiting individual investor influence.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, July 7, 2024. Please send any questions or comments about these QUALCOMM pros and cons to contact@marketbeat.com.

QCOM Stock Analysis - Frequently Asked Questions

How have QCOM shares performed this year?

QUALCOMM's stock was trading at $144.63 at the beginning of 2024. Since then, QCOM shares have increased by 43.7% and is now trading at $207.89.
View the best growth stocks for 2024 here
.

How were QUALCOMM's earnings last quarter?

QUALCOMM Incorporated (NASDAQ:QCOM) posted its quarterly earnings results on Wednesday, May, 1st. The wireless technology company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.11. The wireless technology company earned $9.39 billion during the quarter, compared to the consensus estimate of $9.32 billion. QUALCOMM had a net margin of 23.03% and a trailing twelve-month return on equity of 37.09%.

What is Steve Mollenkopf's approval rating as QUALCOMM's CEO?

2,209 employees have rated QUALCOMM Chief Executive Officer Steve Mollenkopf on Glassdoor.com. Steve Mollenkopf has an approval rating of 87% among the company's employees.

Does QUALCOMM have any subsidiaries?

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

Who are QUALCOMM's major shareholders?

QUALCOMM's top institutional investors include Douglas Lane & Associates LLC (0.11%), DNB Asset Management AS (0.02%), ST Germain D J Co. Inc. (0.01%) and Neville Rodie & Shaw Inc. (0.01%). Insiders that own company stock include James H Thompson, Akash J Palkhiwala, Alexander H Rogers, Neil Smit, James J Cathey, Jeffrey William Henderson, Neil Martin, Sylvia Acevedo, Cristiano R Amon and Erin L Polek.
View institutional ownership trends
.

How do I buy shares of QUALCOMM?

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.

What other stocks do shareholders of QUALCOMM own?

Based on aggregate information from My MarketBeat watchlists, some other companies that QUALCOMM investors own include NVIDIA (NVDA), Intel (INTC), Cisco Systems (CSCO), AT&T (T), Micron Technology (MU), Advanced Micro Devices (AMD) and Walt Disney (DIS).

This page (NASDAQ:QCOM) was last updated on 7/9/2024 by MarketBeat.com Staff

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