QUALCOMM - QCOM Stock Forecast, Price & News

21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for QUALCOMM in the last twelve months. There are currently 1 sell rating, 3 hold ratings, 16 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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21 analysts have issued 1 year price targets for QUALCOMM's stock. Their QCOM share price forecasts range from $120.00 to $238.00. On average, they expect the company's share price to reach $157.41 in the next year. This suggests a possible upside of 17.8% from the stock's current price.
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QUALCOMM's stock was trading at $109.94 at the beginning of 2023. Since then, QCOM shares have increased by 21.6% and is now trading at $133.67.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
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QUALCOMM Incorporated (NASDAQ:QCOM) released its earnings results on Thursday, February, 2nd. The wireless technology company reported $2.37 EPS for the quarter, topping the consensus estimate of $2.35 by $0.02. The wireless technology company had revenue of $9.46 billion for the quarter, compared to analysts' expectations of $9.57 billion. QUALCOMM had a trailing twelve-month return on equity of 69.93% and a net margin of 27.40%. The company's quarterly revenue was down 11.6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.96 EPS.
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QUALCOMM declared a quarterly dividend on Wednesday, January 18th. Investors of record on Thursday, March 2nd will be given a dividend of $0.75 per share on Thursday, March 23rd. This represents a $3.00 annualized dividend and a dividend yield of 2.24%. The ex-dividend date 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 2.22%. 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 28.90%. 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 announced that its board has authorized a stock buyback program on Tuesday, October 12th 2021, which authorizes the company to repurchase $10,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 7.2% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

QUALCOMM issued an update on its second quarter 2023 earnings guidance on Thursday, February, 2nd. The company provided earnings per share (EPS) guidance of $2.05-$2.25 for the period, compared to the consensus earnings per share estimate of $2.26. The company issued revenue guidance of $8.70 billion-$9.50 billion, compared to the consensus revenue estimate of $9.55 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 retail and institutional investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.35%), Los Angeles Capital Management LLC (0.19%), New York State Common Retirement Fund (0.17%), Fisher Asset Management LLC (0.17%), New York State Teachers Retirement System (0.12%) and Douglas Lane & Associates LLC (0.12%). 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 $133.67.

QUALCOMM (NASDAQ:QCOM) has a market capitalization of $149.04 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 $10.38 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.