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South Korean doctors hold massive anti-government rally over medical school recruitment plan
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
Critical asset just had biggest fall on record (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Critical asset just had biggest fall on record (Ad)
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
Critical asset just had biggest fall on record (Ad)
What to watch for as China's major political meeting of the year gets underway
South Korean doctors hold massive anti-government rally over medical school recruitment plan
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
Critical asset just had biggest fall on record (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Critical asset just had biggest fall on record (Ad)
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
Critical asset just had biggest fall on record (Ad)
What to watch for as China's major political meeting of the year gets underway
South Korean doctors hold massive anti-government rally over medical school recruitment plan
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
Critical asset just had biggest fall on record (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Critical asset just had biggest fall on record (Ad)
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
Critical asset just had biggest fall on record (Ad)
What to watch for as China's major political meeting of the year gets underway
South Korean doctors hold massive anti-government rally over medical school recruitment plan
NASDAQ:QCOM

QUALCOMM (QCOM) Stock Price, News & Analysis

$163.09
+5.30 (+3.36%)
(As of 03/1/2024 ET)
Today's Range
$158.07
$164.00
50-Day Range
$136.17
$163.09
52-Week Range
$101.47
$164.00
Volume
10.41 million shs
Average Volume
8.18 million shs
Market Capitalization
$182.01 billion
P/E Ratio
23.64
Dividend Yield
1.96%
Price Target
$148.71

QUALCOMM MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
8.8% Downside
$148.71 Price Target
Short Interest
Healthy
1.68% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.89
Upright™ Environmental Score
News Sentiment
0.42mentions of QUALCOMM in the last 14 days
Based on 49 Articles This Week
Insider Trading
Selling Shares
$3.97 M Sold Last Quarter
Proj. Earnings Growth
10.95%
From $7.67 to $8.51 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.

4.71 out of 5 stars

Computer And Technology Sector

28th out of 597 stocks

Radio & T.V. Communications Equipment Industry

1st out of 22 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

Check out these 2 winning semiconductor ETFs with low costs (QCOM)
Traders continue to pile into semiconductor names as noise around the artificial intelligence revolution reaches a feverish pitch.
Qualcomm extends Apple, Samsung deals, stock up on AI growth
Qualcomm's fiscal Q1 earnings exceeded analyst expectations, driven by robust revenue growth in its chipset business and further expansion into AI applications.
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Latest News for Qualcomm Stock (NASDAQ:QCOM)
QCOM Dec 2024 200.000 call
QCOM Sep 2024 80.000 call
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
QCOM Mar 2024 142.000 call
QCOM Mar 2024 143.000 put
QCOM Dec 2024 90.000 put
QCOM Mar 2024 90.000 put
QCOM Mar 2024 190.000 call
QCOM Mar 2024 165.000 put
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QUALCOMM (NASDAQ:QCOM) Downgraded to "Buy" at StockNews.com
Investors Buy High Volume of QUALCOMM Call Options (NASDAQ:QCOM)
QCOM Apr 2024 125.000 put
QCOM Jul 2024 220.000 call
See More Headlines
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Company Calendar

Ex-Dividend for 12/14 Dividend
11/29/2023
Dividend Payable
12/14/2023
Last Earnings
1/31/2024
Ex-Dividend for 3/21 Dividend
2/28/2024
Today
3/03/2024
Dividend Payable
3/21/2024
Next Earnings (Estimated)
5/01/2024
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
$148.71
High Stock Price Target
$180.00
Low Stock Price Target
$100.00
Potential Upside/Downside
-8.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
18 Analysts

Profitability

Net Income
$7.23 billion
Pretax Margin
22.14%

Debt

Sales & Book Value

Annual Sales
$35.82 billion
Cash Flow
$8.88 per share
Book Value
$20.66 per share

Miscellaneous

Outstanding Shares
1,116,000,000
Free Float
1,115,107,000
Market Cap
$182.01 billion
Optionable
Optionable
Beta
1.41

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QCOM Stock Analysis - Frequently Asked Questions

Should I buy or sell QUALCOMM stock right now?

18 Wall Street 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 11 buy ratings for the stock. The consensus among Wall Street 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?

18 Wall Street analysts have issued 1 year target prices for QUALCOMM's stock. Their QCOM share price targets range from $100.00 to $180.00. On average, they expect the company's share price to reach $148.71 in the next year. This suggests that the stock has a possible downside of 8.8%.
View analysts price targets for QCOM
or view top-rated stocks among Wall Street analysts.

How have QCOM shares performed in 2024?

QUALCOMM's stock was trading at $144.63 on January 1st, 2024. Since then, QCOM stock has increased by 12.8% and is now trading at $163.09.
View the best growth stocks for 2024 here
.

Are investors shorting QUALCOMM?

QUALCOMM saw a increase in short interest in February. As of February 15th, there was short interest totaling 18,670,000 shares, an increase of 25.1% from the January 31st total of 14,930,000 shares. Based on an average daily trading volume, of 8,780,000 shares, the days-to-cover ratio is presently 2.1 days. Currently, 1.7% of the shares of the company 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, May 1st 2024.
View our QCOM earnings forecast
.

How were QUALCOMM's earnings last quarter?

QUALCOMM Incorporated (NASDAQ:QCOM) released its earnings results on Wednesday, January, 31st. The wireless technology company reported $2.33 EPS for the quarter, topping analysts' consensus estimates of $1.90 by $0.43. The wireless technology company earned $9.94 billion during the quarter, compared to analyst estimates of $9.50 billion. QUALCOMM had a trailing twelve-month return on equity of 38.06% and a net margin of 21.39%.

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

QUALCOMM declared a quarterly dividend on Thursday, January 4th. Investors of record on Thursday, February 29th will be given a dividend of $0.80 per share on Thursday, March 21st. This represents a $3.20 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Wednesday, February 28th.
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 2.03%. 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 46.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, QCOM will have a dividend payout ratio of 37.60% 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 issued an update on its second quarter 2024 earnings guidance on Wednesday, January, 31st. The company provided earnings per share guidance of 2.200-2.400 for the period, compared to the consensus EPS estimate of 2.250. The company issued revenue guidance of $8.9 billion-$9.7 billion, compared to the consensus revenue estimate of $9.3 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 number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.94%), Price T Rowe Associates Inc. MD (2.27%), Norges Bank (1.55%), Northern Trust Corp (1.07%), Legal & General Group Plc (0.89%) and FIL Ltd (0.67%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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 3/3/2024 by MarketBeat.com Staff