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S&P 500   4,274.51
DOW   33,550.27
QQQ   355.04
Cintas: A Quality Buy and Hold Forever Stock at Any Price
How A.I. Could Make Most 21st Century Diseases EXTINCT (Ad)
Pain for Gain: 2 Stocks Whose CEOs Left Without a Clue
3 Household Names With RSIs That Scream Oversold
Experts: NVIDIA Now "Too Big to Succeed" (Ad)
The Odds Are High Costco Will Declare a Special Dividend Soon 
This Little Known Automaker May Save Your Life and Your Portfolio
This Stock Could Go Up 66% or More. (Ad)
How You Can Reverse Engineer Michael Burry's Latest Buy
Target Will Close 9 Stores Across 4 States Due to Ongoing Crime That's 'Threatening the Safety' of Customers and Employees
S&P 500   4,274.51
DOW   33,550.27
QQQ   355.04
Cintas: A Quality Buy and Hold Forever Stock at Any Price
How A.I. Could Make Most 21st Century Diseases EXTINCT (Ad)
Pain for Gain: 2 Stocks Whose CEOs Left Without a Clue
3 Household Names With RSIs That Scream Oversold
Experts: NVIDIA Now "Too Big to Succeed" (Ad)
The Odds Are High Costco Will Declare a Special Dividend Soon 
This Little Known Automaker May Save Your Life and Your Portfolio
This Stock Could Go Up 66% or More. (Ad)
How You Can Reverse Engineer Michael Burry's Latest Buy
Target Will Close 9 Stores Across 4 States Due to Ongoing Crime That's 'Threatening the Safety' of Customers and Employees
S&P 500   4,274.51
DOW   33,550.27
QQQ   355.04
Cintas: A Quality Buy and Hold Forever Stock at Any Price
How A.I. Could Make Most 21st Century Diseases EXTINCT (Ad)
Pain for Gain: 2 Stocks Whose CEOs Left Without a Clue
3 Household Names With RSIs That Scream Oversold
Experts: NVIDIA Now "Too Big to Succeed" (Ad)
The Odds Are High Costco Will Declare a Special Dividend Soon 
This Little Known Automaker May Save Your Life and Your Portfolio
This Stock Could Go Up 66% or More. (Ad)
How You Can Reverse Engineer Michael Burry's Latest Buy
Target Will Close 9 Stores Across 4 States Due to Ongoing Crime That's 'Threatening the Safety' of Customers and Employees
NASDAQ:QCOM

QUALCOMM (QCOM) Stock Forecast, Price & News

$109.19
-0.53 (-0.48%)
(As of 09/27/2023 ET)
Compare
Today's Range
$107.43
$110.81
50-Day Range
$106.14
$132.17
52-Week Range
$101.47
$139.94
Volume
7.22 million shs
Average Volume
8.10 million shs
Market Capitalization
$120.11 billion
P/E Ratio
14.29
Dividend Yield
2.93%
Price Target
$141.96

QUALCOMM MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.65 Rating Score
Upside/​Downside
30.0% Upside
$141.96 Price Target
Short Interest
Healthy
1.19% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.89
Upright™ Environmental Score
News Sentiment
0.65mentions of QUALCOMM in the last 14 days
Based on 29 Articles This Week
Insider Trading
Selling Shares
$3.39 M Sold Last Quarter
Proj. Earnings Growth
12.17%
From $6.41 to $7.19 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.36 out of 5 stars

Computer And Technology Sector

9th out of 606 stocks

Radio & T.V. Communications Equipment Industry

2nd out of 21 stocks


QCOM stock logo

About QUALCOMM (NASDAQ:QCOM) Stock

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 Price History

QCOM Stock News Headlines

5 Oversold Semiconductor Stocks to Nibble On Ahead of Q3 Earnings (QCOM)
Chip stocks have been beaten up over the past few months and present an opportunity for investors ahead of the Q3 reporting season.
Qualcomm and Apple Forge Ahead with New Modem Partnership
Qualcomm secures its position in Apple's supply chain, for now, as the two tech giants ink a 5G modem partnership through 2026, with room to extend the deal.
Pentagon Consultant—Here's how Biden Wins Landslide Re-election
—but also hand Joe Biden a landslide re-election win. What would America look like if we slide further towards Socialism? Full story and 4 steps you can take,
16 Top Robotics Companies to Get to Know in 2023 (QCOM)
What are the top robotics companies in the USA, as robotics continues to grow? Learn more about the best companies today with MarketBeat.
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
QUALCOMM (NASDAQ:QCOM) Rating Increased to Buy at StockNews.com
QCOM Sep 2023 115.000 put
QUALCOMM (NASDAQ:QCOM) Downgraded by StockNews.com
Equitable Access Through Qualcomm's Wireless Reach
Qualcomm: Is The Growth Sustainable?
See More Headlines
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QCOM Company Calendar

Last Earnings
8/02/2023
Ex-Dividend for 9/21 Dividend
8/30/2023
Dividend Payable
9/21/2023
Today
9/28/2023
Fiscal Year End
9/30/2023
Next Earnings (Estimated)
11/01/2023

Industry, Sector and Symbol

Industry
Radio & t.v. communications equipment
Sub-Industry
Communications Equipment
Current Symbol
NASDAQ:QCOM
CUSIP
74752510
Employees
51,000
Year Founded
1985

Price Target and Rating

Average Stock Price Forecast
$141.96
High Stock Price Forecast
$165.00
Low Stock Price Forecast
$100.00
Forecasted Upside/Downside
+30.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.65
Research Coverage
20 Analysts

Profitability

Net Income
$12.94 billion
Pretax Margin
24.60%

Debt

Sales & Book Value

Annual Sales
$38.58 billion
Cash Flow
$12.76 per share
Book Value
$16.04 per share

Miscellaneous

Outstanding Shares
1,100,000,000
Free Float
1,099,230,000
Market Cap
$120.11 billion
Optionable
Optionable
Beta
1.23

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Key Executives

  • Mr. Cristiano Renno AmonMr. Cristiano Renno Amon (Age 53)
    Chief Exec. Officer, Pres & Director
    Comp: $4.75M
  • Mr. Akash PalkhiwalaMr. Akash Palkhiwala (Age 48)
    Chief Financial Officer
    Comp: $2.28M
  • Ms. Ann N. Cathcart Chaplin (Age 50)
    Gen. Counsel & Corp. Sec.
    Comp: $2.86M
  • Dr. James H. ThompsonDr. James H. Thompson (Age 59)
    Chief Technology Officer of Qualcomm Technologies, Inc.
    Comp: $2.66M
  • Mr. James J. CatheyMr. James J. Cathey (Age 57)
    Chief Commercial Officer of Qualcomm Technologies, Inc.
    Comp: $1.26M
  • Mr. Franklin P. Antonio
    Co-Founder & Chief Scientist
  • Mr. Neil Martin (Age 48)
    Sr. VP & Chief Accounting Officer
  • Ms. Mary A. Gendron (Age 57)
    Sr. VP & Chief Information Officer
  • Mauricio Lopez-Hodoyan
    VP of Investor Relations
  • Mr. Don McGuire
    Sr. VP & Chief Marketing Officer













QCOM Stock - Frequently Asked Questions

Should I buy or sell QUALCOMM stock right now?

20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for QUALCOMM in the last year. There are currently 1 sell rating, 5 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" QCOM shares.
View QCOM analyst ratings
or view top-rated stocks.

What is QUALCOMM's stock price forecast for 2023?

20 brokerages have issued 1 year target prices for QUALCOMM's stock. Their QCOM share price forecasts range from $100.00 to $165.00. On average, they expect the company's share price to reach $141.96 in the next twelve months. This suggests a possible upside of 30.0% from the stock's current price.
View analysts price targets for QCOM
or view top-rated stocks among Wall Street analysts.

How have QCOM shares performed in 2023?

QUALCOMM's stock was trading at $109.94 at the beginning of the year. Since then, QCOM shares have decreased by 0.7% and is now trading at $109.19.
View the best growth stocks for 2023 here
.

Are investors shorting QUALCOMM?

QUALCOMM saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 13,240,000 shares, an increase of 21.6% from the August 31st total of 10,890,000 shares. Based on an average daily trading volume, of 8,260,000 shares, the short-interest ratio is currently 1.6 days. Approximately 1.2% of the shares of the stock are short sold.
View QUALCOMM's Short Interest
.

When is QUALCOMM's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our QCOM earnings forecast
.

How were QUALCOMM's earnings last quarter?

QUALCOMM Incorporated (NASDAQ:QCOM) released its quarterly earnings data on Wednesday, August, 2nd. The wireless technology company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.05. The wireless technology company earned $8.45 billion during the quarter, compared to analysts' expectations of $8.51 billion. QUALCOMM had a net margin of 22.33% and a trailing twelve-month return on equity of 45.94%.

How often does QUALCOMM pay dividends? What is the dividend yield for QUALCOMM?

QUALCOMM declared a quarterly dividend on Wednesday, July 5th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.80 per share on Thursday, September 21st. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Wednesday, August 30th.
Read our dividend analysis for QCOM
.

Is QUALCOMM a good dividend stock?

QUALCOMM (NASDAQ:QCOM) pays an annual dividend of $3.20 per share and currently has a dividend yield of 2.97%. The company has been increasing its dividend for 21 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 41.88%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, QCOM will have a dividend payout ratio of 44.51% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for QCOM.

How will QUALCOMM's stock buyback program work?

QUALCOMM declared that its board has initiated a share buyback program on Tuesday, October 12th 2021, which allows the company to buyback $10,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 7.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

What guidance has QUALCOMM issued on next quarter's earnings?

QUALCOMM issued an update on its fourth quarter earnings guidance on Wednesday, August, 2nd. The company provided EPS guidance of $1.80-$2.00 for the period, compared to the consensus earnings per share estimate of $1.92. The company issued revenue guidance of $8.1-$8.9 billion, compared to the consensus revenue estimate of $8.74 billion.

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.

What other stocks do shareholders of QUALCOMM own?

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

What is QUALCOMM's stock symbol?

QUALCOMM trades on the NASDAQ under the ticker symbol "QCOM."

Who are QUALCOMM's major shareholders?

QUALCOMM's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Bank Julius Baer & Co. Ltd Zurich (58.76%), BlackRock Inc. (7.62%), State Street Corp (4.39%), Geode Capital Management LLC (1.93%), Alliancebernstein L.P. (1.62%) and Northern Trust Corp (1.06%). Insiders that own company stock include Akash J Palkhiwala, Alexander H Rogers, Alexander H Rogers, Brian Modoff, Cristiano R Amon, Donald J Rosenberg, Erin L Polek, Erin L Polek, Erin L Polek, James H Thompson, James J Cathey and Jeffrey William Henderson.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is QUALCOMM's stock price today?

One share of QCOM stock can currently be purchased for approximately $109.19.

How much money does QUALCOMM make?

QUALCOMM (NASDAQ:QCOM) has a market capitalization of $120.11 billion and generates $38.58 billion in revenue each year. The wireless technology company earns $12.94 billion in net income (profit) each year or $7.64 on an earnings per share basis.

How many employees does QUALCOMM have?

The company employs 51,000 workers across the globe.

Does QUALCOMM have any subsidiaries?
The following companies are subsidiares of QUALCOMM: AMD, Airgo Networks, Artemis IP, Atheros Communications, Augmented Pixels, Berkäna Wireless, Bigfoot Networks, Bitboys Oy, Black Sand Technologies, CSR, Capsule Tech, Clay AIR, DesignArt Networks, Digital Fountain, ELATA, Empowered Careers, Epos, Euvision Technologies, FatSkunk, Firethorn, Flarion Technologies, FleetAdvisor, HaloIPT, InnoPath Software, Iridigm Display Corporation, Now Software, NuVia Inc., Nuvia, Orb Networks, Pixtronix, QUALCOMM CDMA Technologies Asia-Pacific Pte. Ltd., Qualcomm Atheros, Qualcomm Technologies Inc., Qualcomm Technologies International Ltd., Qualphone, RF360 Europe GmbH, RF360 Holdings, RF360 Singapore Pte. Ltd., Rapid Bridge, Sandbridge Technologies, Scyfer, SnapTrack, SoftMax, Spike Technologies, Stonestreet One, Summit Microelectronics, Sylectus, Tapioca Mobile, TeleCIS Wireless, Trigenix, Twenty Billion Neorons, Ubicom, Ultra-Scan Corporation, Veoneer, Wikitude, Wilocity, Within Technology, Xiam, forextrading4p, iSkoot, kooaba, and nPhase.
Read More
How can I contact QUALCOMM?

QUALCOMM's mailing address is 5775 MOREHOUSE DRIVE, SAN DIEGO CA, 92121. The official website for the company is www.qualcomm.com. The wireless technology company can be reached via phone at (858) 587-1121, via email at ir@qualcomm.com, or via fax at 858-658-2100.

This page (NASDAQ:QCOM) was last updated on 9/28/2023 by MarketBeat.com Staff

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