QUALCOMM (QCOM) Stock Forecast, Price & News

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for QUALCOMM in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" QCOM shares.
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22 Wall Street analysts have issued 12 month target prices for QUALCOMM's stock. Their QCOM share price forecasts range from $120.00 to $170.00. On average, they expect the company's stock price to reach $146.96 in the next year. This suggests a possible upside of 33.2% from the stock's current price.
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QUALCOMM's stock was trading at $109.94 at the beginning of the year. Since then, QCOM stock has increased by 0.4% and is now trading at $110.35.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our QCOM earnings forecast.

QUALCOMM Incorporated (NASDAQ:QCOM) posted its quarterly earnings data on Thursday, February, 2nd. The wireless technology company reported $2.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.35 by $0.02. The wireless technology company had revenue of $9.46 billion for the quarter, compared to analysts' expectations of $9.57 billion. QUALCOMM had a net margin of 25.67% and a trailing twelve-month return on equity of 56.33%. The firm's revenue for the quarter was down 11.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.96 earnings per share.
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QUALCOMM declared a quarterly dividend on Thursday, March 30th. Investors of record on Thursday, June 1st will be given a dividend of $0.80 per share on Thursday, June 22nd. This represents a $3.20 annualized dividend and a yield of 2.90%. The ex-dividend date is Wednesday, May 31st. This is an increase from the stock's previous quarterly dividend of $0.75.
Read our dividend analysis for QCOM.

ETFs with the largest weight of QUALCOMM (NASDAQ:QCOM) stock in their portfolio include Invesco PHLX Semiconductor ETF (SOXQ), First Trust Nasdaq Semiconductor ETF (FTXL), Strive U.S. Semiconductor ETF (SHOC), iShares Semiconductor ETF (SOXX), VanEck Semiconductor ETF (SMH), Invesco Dynamic Semiconductors ETF (PSI) and Direxion Daily Semiconductors Bull 3x Shares (SOXL).ProShares Ultra Semiconductors (USD).

QUALCOMM (NASDAQ:QCOM) pays an annual dividend of $3.00 per share and currently has a dividend yield of 2.72%. 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 32.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, QCOM will have a dividend payout ratio of 31.06% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for QCOM.

QUALCOMM declared that its Board of Directors has authorized a share repurchase program on Tuesday, October 12th 2021, which permits the company to buyback $10,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 7.2% of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its shares are undervalued.

QUALCOMM issued an update on its third quarter earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of $1.70-$1.90 for the period, compared to the consensus estimate of $2.13. The company issued revenue guidance of $8.1-$8.9 billion, compared to the consensus revenue estimate of $9.12 billion.

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.

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).

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

QUALCOMM's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.53%), State Street Corp (4.35%), FMR LLC (2.17%), Geode Capital Management LLC (1.89%), Price T Rowe Associates Inc. MD (1.47%) and Wellington Management Group LLP (1.40%). 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, Jeffrey William Henderson and Steven M Mollenkopf.
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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.
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One share of QCOM stock can currently be purchased for approximately $110.35.

QUALCOMM (NASDAQ:QCOM) has a market capitalization of $122.93 billion and generates $44.20 billion in revenue each year. The wireless technology company earns $12.94 billion in net income (profit) each year or $9.33 on an earnings per share basis.

The company employs 51,000 workers across the globe.

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.