QUALCOMM - QCOM Stock Forecast, Price & News

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for QUALCOMM in the last twelve months. There are currently 9 hold ratings, 13 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" QCOM shares.
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23 analysts have issued 1 year price targets for QUALCOMM's shares. Their QCOM share price forecasts range from $135.00 to $250.00. On average, they expect the company's stock price to reach $193.29 in the next twelve months. This suggests a possible upside of 56.5% from the stock's current price.
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QUALCOMM's stock was trading at $182.87 on January 1st, 2022. Since then, QCOM stock has decreased by 32.5% and is now trading at $123.48.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our QCOM earnings forecast.

QUALCOMM Incorporated (NASDAQ:QCOM) issued its quarterly earnings results on Wednesday, July, 27th. The wireless technology company reported $2.59 EPS for the quarter, topping the consensus estimate of $2.51 by $0.08. The wireless technology company had revenue of $10.93 billion for the quarter, compared to analysts' expectations of $10.85 billion. QUALCOMM had a trailing twelve-month return on equity of 95.77% and a net margin of 30.52%. QUALCOMM's revenue was up 36.7% compared to the same quarter last year. During the same period last year, the business posted $1.66 EPS.
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QUALCOMM announced a quarterly dividend on Friday, July 15th. Investors of record on Thursday, September 1st will be given a dividend of $0.75 per share on Thursday, September 22nd. This represents a $3.00 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date is Wednesday, August 31st.
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 2.40%. The company has been increasing its dividend for 19 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 26.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, QCOM will have a dividend payout ratio of 26.11% 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 of Directors has approved a stock repurchase program on Tuesday, October 12th 2021, which permits the company to buyback $10,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 7.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

QUALCOMM issued an update on its fourth quarter 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of $3.00-$3.30 for the period, compared to the consensus EPS estimate of $3.23. The company issued revenue guidance of $11.00 billion-$11.80 billion, compared to the consensus revenue estimate of $11.87 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 many different institutional and retail investors. Top institutional shareholders include Private Asset Management Inc. (0.04%), Meyer Handelman Co. (0.03%), Capital Investment Services of America Inc. (0.02%), Park National Corp OH (0.02%), Capital Investment Advisors LLC (0.01%) and Osher Van de Voorde Investment Management (0.01%). 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 $123.48.

QUALCOMM (NASDAQ:QCOM) has a market capitalization of $138.67 billion and generates $33.57 billion in revenue each year. The wireless technology company earns $9.04 billion in net income (profit) each year or $11.29 on an earnings per share basis.

The company employs 45,000 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.