NASDAQ:QCOM

QUALCOMM (QCOM) Stock Price, News & Analysis

$162.35
+1.00 (+0.62%)
(As of 12:16 PM ET)
Today's Range
$162.28
$165.93
50-Day Range
$151.96
$175.72
52-Week Range
$101.47
$177.59
Volume
2.28 million shs
Average Volume
8.52 million shs
Market Capitalization
$181.18 billion
P/E Ratio
23.53
Dividend Yield
1.97%
Price Target
$158.86

QUALCOMM MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.58 Rating Score
Upside/​Downside
1.5% Downside
$158.86 Price Target
Short Interest
Healthy
1.75% 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 38 Articles This Week
Insider Trading
Selling Shares
$5.97 M Sold Last Quarter
Proj. Earnings Growth
11.65%
From $7.64 to $8.53 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.

4.81 out of 5 stars

Computer And Technology Sector

44th out of 581 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

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See More Headlines
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Company Calendar

Last Earnings
1/31/2024
Ex-Dividend for 3/21 Dividend
2/28/2024
Dividend Payable
3/21/2024
Today
4/24/2024
Next Earnings (Confirmed)
5/01/2024
Ex-Dividend for 6/20 Dividend
5/30/2024
Dividend Payable
6/20/2024
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
$158.86
High Stock Price Target
$205.00
Low Stock Price Target
$100.00
Potential Upside/Downside
-1.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.58
Research Coverage
19 Analysts

Profitability

Net Income
$7.23 billion
Pretax Margin
22.14%

Debt

Sales & Book Value

Annual Sales
$36.29 billion
Cash Flow
$8.79 per share
Book Value
$19.39 per share

Miscellaneous

Outstanding Shares
1,116,000,000
Free Float
1,115,107,000
Market Cap
$180.07 billion
Optionable
Optionable
Beta
1.41

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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 is a leader in developing foundational technologies for the wireless industry, including 5G, which is a rapidly growing sector in the tech industry.
  • The company's Qualcomm CDMA Technologies segment supplies integrated circuits and system software for wireless communications, positioning it well in the market.
  • QUALCOMM's Qualcomm Technology Licensing segment grants licenses for essential patent rights in wireless technologies, providing a steady revenue stream.
  • Investors may find the current stock price of QUALCOMM attractive, considering its potential for growth in the wireless industry.
  • QUALCOMM's strategic initiatives in investing in early-stage companies across various industries, including 5G and AI, could lead to future innovations and revenue opportunities.

Cons

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

  • QUALCOMM faces competition in the wireless industry from other tech giants, which could impact its market share and profitability.
  • The company's reliance on licensing its intellectual property for revenue exposes it to potential legal challenges and changes in patent regulations.
  • Fluctuations in the global economy and technological advancements could affect QUALCOMM's sales and profitability in the future.
  • Investing in tech companies like QUALCOMM carries inherent risks due to the fast-paced nature of the industry and evolving consumer preferences.
  • QUALCOMM's performance in the stock market may be influenced by external factors such as regulatory changes and geopolitical tensions.
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 Wednesday, April 10, 2024. Please send any questions or comments about these QUALCOMM pros and cons to contact@marketbeat.com.

QCOM Stock Analysis - Frequently Asked Questions

Should I buy or sell QUALCOMM stock right now?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for QUALCOMM in the last year. There are currently 1 sell rating, 6 hold ratings and 12 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?

19 Wall Street research analysts have issued 1-year target prices for QUALCOMM's stock. Their QCOM share price targets range from $100.00 to $205.00. On average, they anticipate the company's share price to reach $158.86 in the next twelve months. This suggests that the stock has a possible downside of 1.5%.
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 at the beginning of the year. Since then, QCOM stock has increased by 11.6% and is now trading at $161.35.
View the best growth stocks for 2024 here
.

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 can I listen to QUALCOMM's earnings call?

QUALCOMM will be holding an earnings conference call on Wednesday, May 1st at 4:45 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 201-612-7415 with passcode "13745532".

How were QUALCOMM's earnings last quarter?

QUALCOMM Incorporated (NASDAQ:QCOM) announced its earnings results on Wednesday, January, 31st. The wireless technology company reported $2.33 earnings per share for the quarter, topping the consensus estimate 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 net margin of 21.39% and a trailing twelve-month return on equity of 38.06%.

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

QUALCOMM declared a quarterly dividend on Friday, April 12th. Investors of record on Thursday, May 30th will be given a dividend of $0.85 per share on Thursday, June 20th. This represents a $3.40 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Thursday, May 30th. This is a boost from the stock's previous quarterly dividend of $0.80.
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 2.00%. 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 37.51% 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 many different institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.31%), Raymond James & Associates (0.23%), Assenagon Asset Management S.A. (0.17%), Global Assets Advisory LLC (0.13%), Douglas Lane & Associates LLC (0.11%) and Raymond James Financial Services Advisors Inc. (0.08%). 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.
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This page (NASDAQ:QCOM) was last updated on 4/24/2024 by MarketBeat.com Staff

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