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QUALCOMM (QCOM) Stock Price, News & Analysis

$133.85
+0.88 (+0.66%)
(As of 09:09 AM ET)
Compare
Today's Range
$133.85
$133.85
50-Day Range
$104.78
$132.97
52-Week Range
$101.47
$139.94
Volume
425,723 shs
Average Volume
8.08 million shs
Market Capitalization
$148.98 billion
P/E Ratio
20.85
Dividend Yield
2.39%
Price Target
$138.50

QUALCOMM MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.58 Rating Score
Upside/​Downside
4.2% Upside
$138.50 Price Target
Short Interest
Healthy
1.62% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.89
Upright™ Environmental Score
News Sentiment
0.47mentions of QUALCOMM in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$5.78 M Sold Last Quarter
Proj. Earnings Growth
11.16%
From $7.17 to $7.97 Per Share

Overall MarketRank

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

2.74 out of 5 stars

Computer And Technology Sector

39th out of 586 stocks

Radio & T.V. Communications Equipment Industry

2nd out of 18 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

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British semiconductor company Arm Holdings plc released its first earnings since reentry into the public markets; here's why ARM stock may be a good buy
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
MarketBeat Week in Review – 11/6 - 11/10 (QCOM)
Stocks closed the week with a strong rally, but the rally may reverse when investors get the latest information about inflation and retail stocks next week
QUALCOMM (NASDAQ:QCOM) Lowered to Equal Weight at Morgan Stanley
10 Best Semiconductor Stocks According to Billionaires
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
9 Analysts Have This to Say About Qualcomm
Where Will Qualcomm Stock Be in 5 Years?
Big Players' Recent Trades in QCOM Options
Next in Tech: Why generative AI will explode in 2024
Why Is Qualcomm (QCOM) Up 10% Since Last Earnings Report?
Qualcomm Inc's Dividend Analysis
Qualcomm Unusual Options Activity For November 27
Qualcomm: Too Late To Go All In (Rating Downgrade)
Preserving Privacy and Security in a Generative AI World
3 Chip Stocks Connecting Investors to Weekly Profits
Qualcomm unveils Snapdragon 7 Gen 3 for mid-tier phones
See More Headlines
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Company Calendar

Ex-Dividend for 9/21 Dividend
8/30/2023
Dividend Payable
9/21/2023
Last Earnings
11/01/2023
Ex-Dividend for 12/14 Dividend
11/29/2023
Today
12/11/2023
Dividend Payable
12/14/2023
Next Earnings (Estimated)
2/01/2024
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
$138.50
High Stock Price Target
$165.00
Low Stock Price Target
$100.00
Potential Upside/Downside
+4.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.58
Research Coverage
19 Analysts

Profitability

Net Income
$7.23 billion
Pretax Margin
20.78%

Debt

Sales & Book Value

Annual Sales
$35.82 billion
Cash Flow
$8.60 per share
Book Value
$19.39 per share

Miscellaneous

Outstanding Shares
1,113,000,000
Free Float
1,112,221,000
Market Cap
$148.00 billion
Optionable
Optionable
Beta
1.24

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Should I Buy QUALCOMM Stock? QCOM Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of QUALCOMM was last updated on Sunday, December 10, 2023 at 8:13 PM.

Pros

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

  • Strong institutional ownership: QUALCOMM has a high percentage of institutional ownership, indicating confidence from large investors.
  • Positive recent developments: QUALCOMM has made significant progress in the wireless technology industry, with recent developments in 5G technology and advancements in mobile processors.
  • Growing market capitalization: QUALCOMM has a large market capitalization of $144.02 billion, indicating its position as a major player in the industry.
  • Stable financial performance: QUALCOMM has maintained a stable financial performance, with a current ratio of 2.33 and a quick ratio of 1.67, indicating its ability to meet short-term obligations.
  • Attractive stock price: QUALCOMM's stock price has been trading at a relatively attractive level, with a 12-month low of $101.47 and a 12-month high of $139.94.

Cons

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

  • Competition in the industry: QUALCOMM faces strong competition from other companies in the wireless technology industry, which could impact its market share and profitability.
  • Regulatory challenges: QUALCOMM has faced regulatory challenges in the past, including antitrust investigations and legal disputes, which could impact its business operations.
  • Dependence on key customers: QUALCOMM relies heavily on a few key customers for a significant portion of its revenue, which exposes it to the risk of losing those customers or facing changes in their demand.
  • Volatility in stock price: QUALCOMM's stock price has shown some volatility in the past, which could make it a riskier investment option for some investors.
  • Global economic conditions: QUALCOMM's business operations are influenced by global economic conditions, and any downturn in the economy could impact its financial performance.














QCOM Stock Analysis - Frequently Asked Questions

Should I buy or sell QUALCOMM stock right now?

19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for QUALCOMM in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street 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 target for 2024?

19 brokerages have issued 12 month price targets for QUALCOMM's shares. Their QCOM share price targets range from $100.00 to $165.00. On average, they anticipate the company's stock price to reach $138.50 in the next twelve months. This suggests a possible upside of 3.7% 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 stock has increased by 21.4% and is now trading at $133.51.
View the best growth stocks for 2023 here
.

Are investors shorting QUALCOMM?

QUALCOMM saw a increase in short interest in November. As of November 15th, there was short interest totaling 17,990,000 shares, an increase of 26.5% from the October 31st total of 14,220,000 shares. Based on an average daily volume of 8,110,000 shares, the days-to-cover ratio is presently 2.2 days. Currently, 1.6% of the shares of the stock are sold short.
View QUALCOMM's Short Interest
.

When is QUALCOMM's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 1st 2024.
View our QCOM earnings forecast
.

How were QUALCOMM's earnings last quarter?

QUALCOMM Incorporated (NASDAQ:QCOM) posted its earnings results on Wednesday, November, 1st. The wireless technology company reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.45 by $0.14. The wireless technology company earned $8.63 billion during the quarter, compared to analysts' expectations of $8.55 billion. QUALCOMM had a trailing twelve-month return on equity of 37.85% and a net margin of 20.19%.

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

QUALCOMM announced a quarterly dividend on Tuesday, October 3rd. Shareholders of record on Thursday, November 30th will be given a dividend of $0.80 per share on Thursday, December 14th. This represents a $3.20 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend is Wednesday, November 29th.
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 2.41%. 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 49.84%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, QCOM will have a dividend payout ratio of 40.15% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for QCOM.

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

QUALCOMM updated its first quarter earnings guidance on Wednesday, November, 1st. The company provided earnings per share guidance of $2.25-$2.45 for the period, compared to the consensus earnings per share estimate of $2.22. The company issued revenue guidance of $9.1-$9.9 billion, compared to the consensus revenue estimate of $9.19 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).

Who are QUALCOMM's major shareholders?

QUALCOMM's stock is owned by a variety of retail and institutional investors. Top institutional investors include Morgan Stanley (1.87%), Wellington Management Group LLP (1.35%), Ameriprise Financial Inc. (1.28%), Northern Trust Corp (1.10%), Bank of New York Mellon Corp (1.00%) and FMR LLC (0.96%). Insiders that own company stock include Akash J Palkhiwala, Alexander H Rogers, Brian Modoff, Cristiano R Amon, Erin L Polek, Erin L Polek, Erin L Polek, James H Thompson, James J Cathey, Jeffrey William Henderson and Neil Martin.
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.

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
This page (NASDAQ:QCOM) was last updated on 12/11/2023 by MarketBeat.com Staff

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