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NASDAQ:QCOM - QUALCOMM Stock Price, Forecast & News

$87.83
-1.22 (-1.37 %)
(As of 12/16/2019 07:25 AM ET)
Today's Range
$87.56
Now: $87.83
$89.70
50-Day Range
$78.82
MA: $85.45
$94.03
52-Week Range
$49.10
Now: $87.83
$94.11
Volume11.52 million shs
Average Volume8.94 million shs
Market Capitalization$100.29 billion
P/E Ratio30.93
Dividend Yield2.82%
Beta1.61
QUALCOMM Incorporated designs, develops, manufactures, and markets digital communication products worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on code division multiple access (CDMA), orthogonal frequency division multiple access, and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products. Read More…

Industry, Sector and Symbol

Industry Radio & t.v. communications equipment
Sub-IndustryCommunications Equipment
SectorComputer and Technology
Current SymbolNASDAQ:QCOM
CUSIP74752510
Phone858-587-1121

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$24.27 billion
Cash Flow$4.17 per share
Book Value$4.04 per share

Profitability

Net Income$4.39 billion

Miscellaneous

Employees37,000
Outstanding Shares1,141,840,000
Market Cap$100.29 billion
Next Earnings Date1/29/2020 (Estimated)
OptionableOptionable

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QUALCOMM (NASDAQ:QCOM) Frequently Asked Questions

What is QUALCOMM's stock symbol?

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

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

QUALCOMM announced a quarterly dividend on Tuesday, October 15th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.62 per share on Thursday, December 19th. This represents a $2.48 annualized dividend and a yield of 2.82%. The ex-dividend date is Wednesday, December 4th. View QUALCOMM's Dividend History.

How will QUALCOMM's stock buyback program work?

QUALCOMM declared that its board has authorized a stock repurchase plan on Thursday, July 26th 2018, which allows the company to buyback $30,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 34.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company's leadership believes its stock is undervalued.

How were QUALCOMM's earnings last quarter?

QUALCOMM, Inc. (NASDAQ:QCOM) posted its earnings results on Wednesday, November, 6th. The wireless technology company reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.71 by $0.07. The wireless technology company earned $4.80 billion during the quarter, compared to analyst estimates of $4.71 billion. QUALCOMM had a return on equity of 77.78% and a net margin of 18.07%. The firm's quarterly revenue was down 17.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.90 EPS. View QUALCOMM's Earnings History.

When is QUALCOMM's next earnings date?

QUALCOMM is scheduled to release their next quarterly earnings announcement on Wednesday, January 29th 2020. View Earnings Estimates for QUALCOMM.

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

QUALCOMM issued an update on its first quarter earnings guidance on Wednesday, November, 6th. The company provided EPS guidance of $0.80-0.90 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.84. The company issued revenue guidance of $4.4-5.2 billion, compared to the consensus revenue estimate of $4.95 billion.

What price target have analysts set for QCOM?

24 brokers have issued twelve-month price targets for QUALCOMM's shares. Their forecasts range from $55.00 to $115.00. On average, they expect QUALCOMM's stock price to reach $86.80 in the next year. This suggests that the stock has a possible downside of 1.2%. View Analyst Price Targets for QUALCOMM.

What is the consensus analysts' recommendation for QUALCOMM?

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for QUALCOMM in the last year. There are currently 1 sell rating, 10 hold ratings, 12 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for QUALCOMM.

What are Wall Street analysts saying about QUALCOMM stock?

Here are some recent quotes from research analysts about QUALCOMM stock:
  • 1. Mizuho analysts commented, "We believe that the growth trajectory and total potential market opportunity of the Pluralsight story warrants a premium multiple. As such, we are reiterating our OUTPERFORM investment rating and $40 price target." (8/1/2019)
  • 2. According to Zacks Investment Research, "Qualcomm reported solid second-quarter fiscal 2019 results with the top and bottom line beating the respective Zacks Consensus Estimate, driven by strength in both the operating segments owing to strong product leadership and operating expense management. The company is likely to benefit significantly from the settlement with Apple. Qualcomm also expects improving business conditions in the second half of fiscal 2019 on the back of new product launches as it aims to redefine the computing and mobile ecosystem across the globe. The stock has outperformed the industry in the past year on average. However, aggressive competition in the mobile phone chipset market is likely to hurt Qualcomm’s profitability. Although the global smartphone market is expected to maintain its momentum over the next three to four years, major portion of this growth is likely to come from the low-cost emerging markets, which may further exert pressure on its margins." (5/6/2019)
  • 3. Rosenblatt Securities analysts commented, "We think Qualcomm will continue to see weakness from the Android market in the second half of this year due to our belief that there will be an inventory correction in the Android market in late C3Q and C4Q. However, we see several catalysts for QCOM in 2H19 as many Chinese OEMs plan to launch their 5G smartphones in China in late C3Q (albeit at small volumes). In addition, we believe Apple (AAPL: Neutral) will begin to use Qualcomm modems again starting in the second half of this year. We maintain our Buy rating and $84 price target. We believe Chinese OEMs, as well as Samsung (SSNLF: NR), will become more aggressive when launching their 5G smartphones in mid-2020. We see Apple launching their regional 5G iPhone in the second half of 2020." (5/2/2019)

Has QUALCOMM been receiving favorable news coverage?

News coverage about QCOM stock has been trending somewhat negative recently, InfoTrie Sentiment reports. The research firm identifies negative and positive press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. QUALCOMM earned a news impact score of -1.7 on InfoTrie's scale. They also assigned media coverage about the wireless technology company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the next several days. View News Stories for QUALCOMM.

Are investors shorting QUALCOMM?

QUALCOMM saw a drop in short interest during the month of November. As of November 29th, there was short interest totalling 15,920,000 shares, a drop of 11.7% from the November 14th total of 18,030,000 shares. Based on an average daily trading volume, of 7,993,200 shares, the short-interest ratio is presently 2.0 days. Approximately 1.3% of the shares of the company are short sold. View QUALCOMM's Current Options Chain.

Who are some of QUALCOMM's key competitors?

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), Micron Technology (MU), AT&T (T), Alibaba Group (BABA), Walt Disney (DIS), Verizon Communications (VZ), General Electric (GE) and Netflix (NFLX).

Who are QUALCOMM's key executives?

QUALCOMM's management team includes the folowing people:
  • Mr. Steven M. Mollenkopf, CEO & Director (Age 50)
  • Mr. Cristiano Renno Amon, Pres (Age 49)
  • Dr. James H. Thompson, Chief Technology Officer (Age 55)
  • Mr. Donald J. Rosenberg, Exec. VP, Gen. Counsel & Corp. Sec. (Age 68)
  • Mr. Franklin P. Antonio, Co-Founder & Chief Scientist

Who are QUALCOMM's major shareholders?

QUALCOMM's stock is owned by many different of institutional and retail investors. Top institutional shareholders include State Street Corp (4.35%), Sumitomo Mitsui Trust Holdings Inc. (0.38%), Parametric Portfolio Associates LLC (0.40%), Stifel Financial Corp (0.28%), CIBC Private Wealth Group LLC (0.24%) and California Public Employees Retirement System (0.23%). Company insiders that own QUALCOMM stock include Alexander H Rogers, Brian Modoff, Clark T Jr Randt, Cristiano R Amon, Donald J Rosenberg, Erin L Polek, Inc/De Qualcomm, James H Thompson, Mark D Mclaughlin, Matthew S Grob and Michelle M Sterling. View Institutional Ownership Trends for QUALCOMM.

Which major investors are selling QUALCOMM stock?

QCOM stock was sold by a variety of institutional investors in the last quarter, including Pictet Asset Management Ltd., Parnassus Investments CA, Assenagon Asset Management S.A., ANTIPODES PARTNERS Ltd, Artemis Investment Management LLP, Worldquant Millennium Advisors LLC, Factory Mutual Insurance Co. and Robecosam AG. Company insiders that have sold QUALCOMM company stock in the last year include Alexander H Rogers, Brian Modoff, Clark T Jr Randt, Cristiano R Amon, Donald J Rosenberg, Erin L Polek, Inc/De Qualcomm, James H Thompson and Michelle M Sterling. View Insider Buying and Selling for QUALCOMM.

Which major investors are buying QUALCOMM stock?

QCOM stock was acquired by a variety of institutional investors in the last quarter, including Vaughan Nelson Investment Management L.P., California Public Employees Retirement System, Man Group plc, DNB Asset Management AS, Mackay Shields LLC, Russell Investments Group Ltd., 6 Meridian and Teacher Retirement System of Texas. View Insider Buying and Selling for QUALCOMM.

How do I buy shares of QUALCOMM?

Shares of QCOM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is QUALCOMM's stock price today?

One share of QCOM stock can currently be purchased for approximately $87.83.

How big of a company is QUALCOMM?

QUALCOMM has a market capitalization of $100.29 billion and generates $24.27 billion in revenue each year. The wireless technology company earns $4.39 billion in net income (profit) each year or $2.84 on an earnings per share basis. QUALCOMM employs 37,000 workers across the globe.View Additional Information About QUALCOMM.

What is QUALCOMM's official website?

The official website for QUALCOMM is http://www.qualcomm.com/.

How can I contact QUALCOMM?

QUALCOMM's mailing address is 5775 MOREHOUSE DRIVE, SAN DIEGO CA, 92121. The wireless technology company can be reached via phone at 858-587-1121 or via email at [email protected]


MarketBeat Community Rating for QUALCOMM (NASDAQ QCOM)

Community Ranking:  3.3 out of 5 (star star star)
Outperform Votes:  1,970 (Vote Outperform)
Underperform Votes:  1,004 (Vote Underperform)
Total Votes:  2,974
MarketBeat's community ratings are surveys of what our community members think about QUALCOMM and other stocks. Vote "Outperform" if you believe QCOM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe QCOM will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/16/2019 by MarketBeat.com Staff

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