NASDAQ:QCOM

QUALCOMM Stock Forecast, Price & News

$110.57

-3.25 (-2.86 %)

(As of 09/23/2020 12:00 AM ET)

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Today's Range

$110.07

Now: $110.57▼

$113.93

50-Day Range

$106.36

MA: $113.64▼

$123.18

52-Week Range

$58.00

Now: $110.57▼

$123.93

Volume6.54 million shs

Average Volume10.49 million shs

Market Capitalization$124.75 billion

P/E Ratio46.65

Dividend Yield2.28%

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.

Beat the Market (BTM) Rank^™

2.3 Analyst's Opinion

Consensus Rating
QUALCOMM has received a consensus rating of Buy. The company's average rating score is 2.65, and is based on 17 buy ratings, 6 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $113.05, QUALCOMM has a forecasted upside of 2.2% from its current price of $110.57.
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 2,051 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
QUALCOMM has received 1,051 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
QUALCOMM has received 66.12% “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.

1.7 Dividend Strength

Dividend Yield
QUALCOMM pays a meaningful dividend of 2.28%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
QUALCOMM has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of QUALCOMM is 91.55%. 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 38.98% 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 $21,899,420.00 in company stock.
Percentage Held by Insiders
Only 0.12% of the stock of QUALCOMM is held by insiders.
Percentage Held by Institutions
74.79% of the stock of QUALCOMM is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for QUALCOMM are expected to grow by 108.44% in the coming year, from $3.20 to $6.67 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of QUALCOMM is 46.65, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.14.
Price to Earnings Ratio vs. Sector
The P/E ratio of QUALCOMM is 46.65, 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 60.40.
Price to Earnings Growth Ratio
QUALCOMM has a PEG Ratio of 1.79. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
QUALCOMM has a P/B Ratio of 27.37. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.16 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

Webwww.qualcomm.com

Phone858-587-1121

Debt

Debt-to-Equity Ratio4.67

Current Ratio1.97

Quick Ratio1.67

Price-To-Earnings

Trailing P/E Ratio46.65

Forward P/E Ratio34.55

P/E Growth1.79

Sales & Book Value

Annual Sales$24.27 billion

Price / Sales5.14

Cash Flow$4.07 per share

Price / Cash Flow27.17

Book Value$4.04 per share

Price / Book27.37

Profitability

EPS (Most Recent Fiscal Year)$2.84

Net Income$4.39 billion

Net Margins13.72%

Return on Equity78.39%

Return on Assets9.49%

Miscellaneous

Employees37,000

Outstanding Shares1,128,266,000

Market Cap$124.75 billion

Next Earnings Date11/4/2020 (Estimated)

OptionableOptionable

$110.57

-3.25 (-2.86 %)

(As of 09/23/2020 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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QUALCOMM (NASDAQ:QCOM) Frequently Asked Questions

How has QUALCOMM's stock been impacted by Coronavirus?

QUALCOMM's stock was trading at $74.59 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, QCOM stock has increased by 48.2% and is now trading at $110.57.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of QUALCOMM?

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for QUALCOMM in the last year. There are currently 2 sell ratings, 6 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, November 4th 2020.
View our earnings forecast for QUALCOMM.

How were QUALCOMM's earnings last quarter?

QUALCOMM, Inc. (NASDAQ:QCOM) posted its quarterly earnings results on Wednesday, July, 29th. The wireless technology company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.15. The wireless technology company had revenue of $4.89 billion for the quarter, compared to analysts' expectations of $4.80 billion. QUALCOMM had a return on equity of 78.39% and a net margin of 13.72%. QUALCOMM's revenue was down .1% on a year-over-year basis. During the same quarter last year, the firm earned $0.80 EPS.
View QUALCOMM's earnings history.

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

QUALCOMM declared a quarterly dividend on Wednesday, July 15th. Investors of record on Thursday, September 3rd will be paid a dividend of $0.65 per share on Thursday, September 24th. This represents a $2.60 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Wednesday, September 2nd.
View QUALCOMM's dividend history.

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

QUALCOMM issued an update on its fourth quarter earnings guidance on Wednesday, July, 29th. The company provided EPS guidance of $1.05-1.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.09. The company issued revenue guidance of $5.5-6.3 billion (Non-GAAP), compared to the consensus revenue estimate of $5.76 billion.

What price target have analysts set for QCOM?

26 brokerages have issued 12 month target prices for QUALCOMM's stock. Their forecasts range from $61.00 to $150.00. On average, they expect QUALCOMM's share price to reach $113.05 in the next year. This suggests a possible upside of 2.2% from the stock's current price.
View analysts' price targets for QUALCOMM.

Are investors shorting QUALCOMM?

QUALCOMM saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 13,450,000 shares, a decrease of 18.2% from the August 15th total of 16,450,000 shares. Based on an average trading volume of 9,600,000 shares, the days-to-cover ratio is currently 1.4 days. Approximately 1.2% of the company's shares are short sold.
View QUALCOMM's Short Interest.

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), F5 Networks (FFIV), Juniper Networks (JNPR), Ciena (CIEN), Echostar (SATS), ViaSat (VSAT), InterDigital Wireless (IDCC), Infinera (INFN), Calix (CALX), NetGear (NTGR), Ribbon Communications (RBBN), Harmonic (HLIT) and ADTRAN (ADTN).
View all 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), Advanced Micro Devices (AMD), Walt Disney (DIS), Alibaba Group (BABA), Johnson & Johnson (JNJ) and Verizon Communications (VZ).

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 many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.23%), BlackRock Inc. (6.85%), FMR LLC (4.55%), Bank of New York Mellon Corp (1.57%), Charles Schwab Investment Management Inc. (0.94%) and Nuveen Asset Management LLC (0.85%). 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, Michelle M Sterling and Steven M Mollenkopf.
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 FMR LLC, Jennison Associates LLC, Bank of New York Mellon Corp, BlackRock Inc., MERIAN GLOBAL INVESTORS UK Ltd, AQR Capital Management LLC, Toronto Dominion Bank, and ANTIPODES PARTNERS Ltd. 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, Michelle M Sterling, and Steven M Mollenkopf.
View insider buying and selling activity for QUALCOMM.

Which major investors are buying QUALCOMM stock?

QCOM stock was acquired by a variety of institutional investors in the last quarter, including Vanguard Group Inc., FIL Ltd, Nuveen Asset Management LLC, Two Sigma Advisers LP, PGGM Investments, Jacobs Levy Equity Management Inc., Stifel Financial Corp, and DAVENPORT & Co 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 $110.57.

How big of a company is QUALCOMM?

QUALCOMM has a market capitalization of $124.75 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 9/23/2020 by MarketBeat.com Staff

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