NASDAQ:QCOMQUALCOMM Stock Price, Forecast & News

$65.23

-2.79 (-4.10 %)

(As of 04/3/2020 04:00 PM ET)

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Today's Range

$64.55

Now: $65.23▼

$68.69

50-Day Range

$60.91

MA: $76.05▼

$91.72

52-Week Range

$55.78

Now: $65.23▼

$96.17

Volume8.59 million shs

Average Volume12.06 million shs

Market Capitalization$74.56 billion

P/E Ratio18.53

Dividend Yield3.65%

Beta1.38

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. The QTL segment grants licenses or provides rights to use portions of its intellectual property portfolio, which include various patent rights useful in the manufacture and sale of wireless products comprising products implementing CDMA2000, wideband CDMA, CDMA time division duplex, long term evolution, and/or fifth generation standards and their derivatives. The QSI segment invests in early-stage companies in various industries, including automotive, Internet of things, mobile, data center, and healthcare for supporting the design and introduction of new products and services for voice and data communications, and new industry segments. The company also provides products and services for mobile health; products designed for the implementation of small cells; development, and other services and related products to the United States government agencies and their contractors; and software products, and content and push-to-talk enablement services to wireless operators. In addition, it licenses chipset technology, and products and services for use in data centers. QUALCOMM Incorporated was founded in 1985 and is headquartered in San Diego, California.

Beat the Market (BTM) Rank^™

4.3 Analyst's Opinion

Consensus Rating
QUALCOMM has received a consensus rating of Buy. The company's average rating score is 2.63, and is based on 17 buy ratings, 7 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $90.49, QUALCOMM has a potential upside of 38.7% from its current price of $65.23.
Amount of Analyst Coverage
QUALCOMM has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.3 Community Rank

Outperform Votes
QUALCOMM has received 2,012 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
QUALCOMM has received 1,032 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
QUALCOMM has received 66.10% “outperform” votes from our community.

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.

3.3 Dividend Strength

Dividend Leadership
QUALCOMM is a leading dividend payer. It pays a dividend yield of 3.65%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
QUALCOMM has been increasing its dividend for 9 years.
Dividend Coverage
The dividend payout ratio of QUALCOMM is 87.32 %. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, QUALCOMM will have a dividend payout ratio of 40.00 % next year. This indicates that QUALCOMM will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, QUALCOMM insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $873,650.00 in company stock.
Percentage Held by Insiders
Only 0.12% of the stock of QUALCOMM is held by insiders.
Percentage Held by Institutions
77.13% of the stock of QUALCOMM is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1 Earnings and Valuation

Earnings Growth
Earnings for QUALCOMM are expected to grow by 68.48% in the coming year, from $3.68 to $6.20 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of QUALCOMM is 18.53, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 11.23.
Price to Earnings Ratio vs. Sector
The P/E ratio of QUALCOMM is 18.53, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 30.40.
Price to Earnings Growth Ratio
QUALCOMM has a PEG Ratio of 0.95. PEG Ratios around 1 indicate that a company is correctly valued.
Price to Book Value per Share Ratio
QUALCOMM has a P/B Ratio of 16.15. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

3.01 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Radio & t.v. communications equipment

Sub-IndustryCommunications Equipment

SectorComputer and Technology

Current SymbolNASDAQ:QCOM

Previous Symbol

CUSIP74752510

CIK804328

Webhttp://www.qualcomm.com/

Phone858-587-1121

Debt

Debt-to-Equity Ratio2.98

Current Ratio1.76

Quick Ratio1.61

Price-To-Earnings

Trailing P/E Ratio18.53

Forward P/E Ratio17.73

P/E Growth0.95

Sales & Book Value

Annual Sales$24.27 billion

Price / Sales3.07

Cash Flow$4.13 per share

Price / Cash Flow15.79

Book Value$4.04 per share

Price / Book16.15

Profitability

EPS (Most Recent Fiscal Year)$2.84

Net Income$4.39 billion

Net Margins17.31%

Return on Equity66.54%

Return on Assets9.29%

Miscellaneous

Employees37,000

Outstanding Shares1,143,043,000

Market Cap$74.56 billion

Next Earnings Date4/29/2020 (Confirmed)

OptionableOptionable

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QUALCOMM (NASDAQ:QCOM) Frequently Asked Questions

How has QUALCOMM's stock been impacted by COVID-19 (Coronavirus)?

QUALCOMM's stock was trading at $74.59 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, QCOM stock has decreased by 12.5% and is now trading at $65.23. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of QUALCOMM?

27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for QUALCOMM in the last year. There are currently 2 sell ratings, 7 hold ratings, 17 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for QUALCOMM.

When is QUALCOMM's next earnings date?

QUALCOMM is scheduled to release its next quarterly earnings announcement on Wednesday, April 29th 2020. View our earnings forecast for QUALCOMM.

How can I listen to QUALCOMM's earnings call?

QUALCOMM will be holding an earnings conference call on Wednesday, April 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were QUALCOMM's earnings last quarter?

QUALCOMM, Inc. (NASDAQ:QCOM) posted its earnings results on Wednesday, February, 5th. The wireless technology company reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.85 by $0.14. The wireless technology company had revenue of $5.08 billion for the quarter, compared to analyst estimates of $4.86 billion. QUALCOMM had a net margin of 17.31% and a return on equity of 66.54%. The company's revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.20 earnings per share. View QUALCOMM's earnings history.

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

QUALCOMM announced a quarterly dividend on Friday, January 17th. Shareholders of record on Thursday, March 5th will be paid a dividend of $0.62 per share on Thursday, March 26th. This represents a $2.48 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend is Wednesday, March 4th. View QUALCOMM's dividend history.

How will QUALCOMM's stock buyback program work?

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

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

QUALCOMM updated its second quarter earnings guidance on Wednesday, February, 5th. The company provided earnings per share guidance of 0.80-0.95 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.85. The company issued revenue guidance of $4.9-5.7 billion, compared to the consensus revenue estimate of $5.07 billion.

What price target have analysts set for QCOM?

27 brokerages have issued 12 month target prices for QUALCOMM's shares. Their forecasts range from $60.00 to $115.00. On average, they expect QUALCOMM's stock price to reach $90.49 in the next year. This suggests a possible upside of 38.7% from the stock's current price. View analysts' price targets 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?

Headlines about QCOM stock have trended very negative this week, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of press coverage by analyzing more than six thousand blog and news sources. 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 media sentiment score of -3.3 on InfoTrie's scale. They also assigned news articles about the wireless technology company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news aboutQUALCOMM.

Who are some of QUALCOMM's key competitors?

Some companies that are related to QUALCOMM include Cisco Systems (CSCO), Motorola Solutions (MSI), Palo Alto Networks (PANW), Juniper Networks (JNPR), F5 Networks (FFIV), Ciena (CIEN), Echostar (SATS), Finisar (FNSR), ViaSat (VSAT), InterDigital Wireless (IDCC), Infinera (INFN), NetGear (NTGR), Harmonic (HLIT), Calix (CALX) and ADTRAN (ADTN).

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), Micron Technology (MU), Cisco Systems (CSCO), AT&T (T), Walt Disney (DIS), Alibaba Group (BABA), Verizon Communications (VZ), Advanced Micro Devices (AMD) and Netflix (NFLX).

Who are QUALCOMM's key executives?

QUALCOMM's management team includes the following 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

What is QUALCOMM's stock symbol?

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

Who are QUALCOMM's major shareholders?

QUALCOMM's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Private Asset Management Inc. (0.05%), McGuire Investment Group LLC (0.01%), Neville Rodie & Shaw Inc. (0.01%), Woodstock Corp (0.01%), First Financial Bank Trust Division (0.00%) and IMS Capital Management (0.00%). Company insiders that own QUALCOMM stock include Akash J Palkhiwala, 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 and Michelle M Sterling. View institutional ownership trends for QUALCOMM.

Which institutional investors are selling QUALCOMM stock?

QCOM stock was sold by a variety of institutional investors in the last quarter, including Nelson Van Denburg & Campbell Wealth Management Group LLC, Private Asset Management Inc., IMS Capital Management, Fulton Bank N.A., and Park National Corp OH. Company insiders that have sold QUALCOMM company stock in the last year include Akash J Palkhiwala, Alexander H Rogers, Brian Modoff, Clark T Jr Randt, Cristiano R Amon, Donald J Rosenberg, Erin L Polek, Inc/De Qualcomm, and Michelle M Sterling. View insider buying and selling activity for QUALCOMM.

Which institutional investors are buying QUALCOMM stock?

QCOM stock was acquired by a variety of institutional investors in the last quarter, including Neville Rodie & Shaw Inc., First Financial Bank Trust Division, Woodstock Corp, McGuire Investment Group LLC, and Cullinan Associates Inc.. View insider buying and selling activity 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 $65.23.

How big of a company is QUALCOMM?

QUALCOMM has a market capitalization of $74.56 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]

This page was last updated on 4/4/2020 by MarketBeat.com Staff

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NASDAQ:QCOMQUALCOMM Stock Price, Forecast & News

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Adding QUALCOMM, Inc.

Beat the Market (BTM) Rank™

4.3 Analyst's Opinion

Consensus Rating

Price Target Upside/Downside

Amount of Analyst Coverage

3.3 Community Rank

Outperform Votes

Underperform Votes

Community Sentiment