QUALCOMM - QCOM Stock Forecast, Price & News

24 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for QUALCOMM in the last year. There are currently 10 hold ratings, 13 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" QCOM shares.
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24 analysts have issued 12 month price targets for QUALCOMM's stock. Their QCOM share price forecasts range from $135.00 to $250.00. On average, they predict the company's stock price to reach $191.04 in the next twelve months. This suggests a possible upside of 26.2% from the stock's current price.
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QUALCOMM's stock was trading at $182.87 at the beginning of 2022. Since then, QCOM shares have decreased by 17.2% and is now trading at $151.38.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our QCOM earnings forecast.

QUALCOMM Incorporated (NASDAQ:QCOM) issued its quarterly earnings results on Wednesday, July, 27th. The wireless technology company reported $2.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.44. The wireless technology company earned $10.93 billion during the quarter, compared to analyst estimates of $10.85 billion. QUALCOMM had a trailing twelve-month return on equity of 95.77% and a net margin of 30.52%. The company's revenue was up 36.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.66 earnings per share.
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QUALCOMM declared a quarterly dividend on Friday, July 15th. Stockholders of record on Thursday, September 1st will be given a dividend of $0.75 per share on Thursday, September 22nd. This represents a $3.00 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Wednesday, August 31st.
Read our dividend analysis for QCOM.

QUALCOMM (NASDAQ:QCOM) pays an annual dividend of $3.00 per share and currently has a dividend yield of 2.02%. 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 26.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, QCOM will have a dividend payout ratio of 26.11% 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 approved a share buyback plan on Tuesday, October 12th 2021, which allows the company to buyback $10,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 7.2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its shares are undervalued.

QUALCOMM issued an update on its fourth quarter 2022 earnings guidance on Thursday, August, 4th. The company provided EPS guidance of $3.00-$3.30 for the period, compared to the consensus estimate of $3.23. The company issued revenue guidance of $11.00 billion-$11.80 billion, compared to the consensus revenue estimate of $11.87 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 number of retail and institutional investors. Top institutional investors include State Street Corp (4.19%), FMR LLC (2.92%), Price T Rowe Associates Inc. MD (1.61%), Northern Trust Corp (1.18%), Deutsche Bank AG (0.69%) and Loomis Sayles & Co. L P (0.66%). 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, Mark D Mclaughlin, Michelle M Sterling 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 $151.38.

QUALCOMM (NASDAQ:QCOM) has a market capitalization of $170.00 billion and generates $33.57 billion in revenue each year. The wireless technology company earns $9.04 billion in net income (profit) each year or $11.29 on an earnings per share basis.

The company employs 45,000 workers across the globe.

QUALCOMM was founded in 1985.

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.