QUALCOMM - QCOM Stock Forecast, Price & News

23 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for QUALCOMM in the last twelve months. There are currently 1 sell rating, 5 hold ratings, 16 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" QCOM shares.
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23 brokers have issued 1 year price targets for QUALCOMM's shares. Their QCOM share price forecasts range from $105.00 to $238.00. On average, they expect the company's stock price to reach $158.46 in the next twelve months. This suggests a possible upside of 18.8% 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 shares have increased by 21.3% and is now trading at $133.40.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 2nd 2023.
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QUALCOMM will be holding an earnings conference call on Thursday, February 2nd 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 "13735295".

QUALCOMM Incorporated (NASDAQ:QCOM) issued its quarterly earnings results on Wednesday, November, 2nd. The wireless technology company reported $2.74 earnings per share for the quarter, meeting the consensus estimate of $2.74. The wireless technology company had revenue of $11.40 billion for the quarter, compared to analyst estimates of $11.38 billion. QUALCOMM had a net margin of 29.27% and a trailing twelve-month return on equity of 86.71%.

QUALCOMM announced a quarterly dividend on Wednesday, January 18th. Stockholders of record on Thursday, March 2nd will be paid a dividend of $0.75 per share on Thursday, March 23rd. This represents a $3.00 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend is Wednesday, March 1st.
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 2.25%. The company has been increasing its dividend for 20 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 26.36%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, QCOM will have a dividend payout ratio of 28.93% 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 has authorized a stock buyback plan on Tuesday, October 12th 2021, which allows the company to buyback $10,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 7.2% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its shares are undervalued.

QUALCOMM issued an update on its first quarter 2023 earnings guidance on Wednesday, November, 9th. The company provided EPS guidance of $2.25-$2.45 for the period, compared to the consensus EPS estimate of $3.42. The company issued revenue guidance of $9.20 billion-$10.00 billion, compared to the consensus revenue estimate of $12.02 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 shareholders include New York State Teachers Retirement System (0.12%), Douglas Lane & Associates LLC (0.12%), Assenagon Asset Management S.A. (0.08%), Allspring Global Investments Holdings LLC (0.08%), FengHe Fund Management Pte. Ltd. (0.08%) and DNB Asset Management AS (0.07%). 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 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 $133.40.

QUALCOMM (NASDAQ:QCOM) has a market capitalization of $149.03 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 $11.38 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.