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NASDAQ:QCOMQUALCOMM Stock Price, Forecast & News

$78.70
+0.70 (+0.90 %)
(As of 05/25/2020 09:28 AM ET)
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Today's Range
$77.29
Now: $78.70
$78.76
50-Day Range
$65.23
MA: $75.19
$80.63
52-Week Range
$58.00
Now: $78.70
$96.17
Volume5.53 million shs
Average Volume9.99 million shs
Market Capitalization$88.53 billion
P/E Ratio23.28
Dividend Yield3.15%
Beta1.36
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 3.3Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.68 out of 5 stars


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$4.18 per share
Book Value$4.04 per share

Profitability

Net Income$4.39 billion

Miscellaneous

Employees37,000
Outstanding Shares1,124,930,000
Market Cap$88.53 billion
Next Earnings Date7/29/2020 (Estimated)
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 COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, QCOM stock has increased by 5.5% and is now trading at $78.70. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of QUALCOMM?

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for QUALCOMM in the last year. There are currently 3 sell ratings, 6 hold ratings, 14 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, July 29th 2020. View our earnings forecast for QUALCOMM.

How were QUALCOMM's earnings last quarter?

QUALCOMM, Inc. (NASDAQ:QCOM) posted its quarterly earnings data on Wednesday, April, 29th. The wireless technology company reported $0.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.09. The wireless technology company had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.04 billion. QUALCOMM had a net margin of 16.36% and a return on equity of 69.92%. The company's quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the company earned $0.77 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 Tuesday, April 21st. Stockholders of record on Thursday, June 4th will be given a dividend of $0.65 per share on Thursday, June 25th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend is Wednesday, June 3rd. This is a positive change from QUALCOMM's previous quarterly dividend of $0.62. View QUALCOMM's dividend history.

How will QUALCOMM's stock buyback program work?

QUALCOMM announced that its Board of Directors has authorized a stock buyback program on Thursday, July 26th 2018, which permits the company to repurchase $30,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 34.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's management believes its shares are undervalued.

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

QUALCOMM updated its third quarter earnings guidance on Wednesday, April, 29th. The company provided earnings per share guidance of $0.60-0.80 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.78. The company issued revenue guidance of $4.4-5.2 billion, compared to the consensus revenue estimate of $4.91 billion.

What price target have analysts set for QCOM?

24 Wall Street analysts have issued 12 month price targets for QUALCOMM's shares. Their forecasts range from $61.00 to $110.00. On average, they anticipate QUALCOMM's stock price to reach $90.00 in the next twelve months. This suggests a possible upside of 14.4% 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. According to Zacks Investment Research, "Despite coronavirus-induced adversities, Qualcomm reported solid second-quarter fiscal 2020 results, with healthy year-over-year top-line growth, primarily driven by the ramp-up in 5G-enabled chips. The company is focused on retaining its position in the chipset market and mobile connectivity with several technological achievements and innovative product launches. Qualcomm is also likely to help users experience seamless transition to super-fast 5G networks, delivering low-power resilient multi-gigabit connectivity with best-in-class security. However, the company is likely to face softness in demand from China with Huawei gaining prominence in the local market and coronavirus impacting sales. It expects macroeconomic uncertainty to have a radical impact on device shipment. Competition from low-cost manufacturers is another concern." (5/21/2020)
  • 2. 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)

Has QUALCOMM been receiving favorable news coverage?

News headlines about QCOM stock have been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. QUALCOMM earned a news sentiment score of 1.5 on InfoTrie's scale. They also gave media stories 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 impact on the stock's share price in the near term. View the latest news aboutQUALCOMM.

Are investors shorting QUALCOMM?

QUALCOMM saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 12,050,000 shares, a decline of 19.8% from the April 30th total of 15,020,000 shares. Based on an average daily trading volume, of 11,700,000 shares, the days-to-cover ratio is presently 1.0 days. Approximately 1.1% of the shares of the company are sold short. 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), Micron Technology (MU), Cisco Systems (CSCO), AT&T (T), Alibaba Group (BABA), Walt Disney (DIS), Advanced Micro Devices (AMD), Verizon Communications (VZ) 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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.97%), State Street Corp (4.21%), Primecap Management Co. CA (2.08%), Bank of New York Mellon Corp (1.84%), Geode Capital Management LLC (1.49%) and Capital World Investors (1.36%). 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 major investors are selling QUALCOMM stock?

QCOM stock was sold by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Jennison Associates LLC, Loomis Sayles & Co. L P, Capital International Investors, Two Sigma Advisers LP, Bank of New York Mellon Corp, BlackRock Inc., and Assenagon Asset Management S.A.. Company insiders that have sold QUALCOMM company stock in the last year include Akash J Palkhiwala, Alexander H Rogers, Cristiano R Amon, Donald J Rosenberg, Erin L Polek, and Michelle M Sterling. View insider buying and selling activity for QUALCOMM.

Which major investors are buying QUALCOMM stock?

QCOM stock was purchased by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Trust Holdings Inc., Public Investment Fund, Schroder Investment Management Group, APG Asset Management N.V., APG Asset Management N.V., Capital World Investors, Swiss National Bank, and Clearbridge Investments LLC. 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 $78.70.

How big of a company is QUALCOMM?

QUALCOMM has a market capitalization of $88.53 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.

What is QUALCOMM's official website?

The official website for QUALCOMM is 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 5/25/2020 by MarketBeat.com Staff

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