NASDAQ:QCOMQUALCOMM Stock Price, Forecast & News

QUALCOMM's stock was trading at $74.59 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, QCOM stock has increased by 49.3% and is now trading at $111.39.
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26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for QUALCOMM in the last year. There are currently 3 sell ratings, 5 hold ratings, 17 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
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QUALCOMM is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for QUALCOMM.

QUALCOMM, Inc. (NASDAQ:QCOM) issued its earnings results on Wednesday, July, 29th. The wireless technology company reported $0.86 EPS for the quarter, beating the Thomson Reuters' 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%. The company's revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the business earned $0.80 EPS.
View QUALCOMM's earnings history.

QUALCOMM declared a quarterly dividend on Wednesday, July 15th. Stockholders of record on Thursday, September 3rd will be given a dividend of $0.65 per share on Thursday, September 24th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date is Wednesday, September 2nd.
View QUALCOMM's dividend history.

QUALCOMM updated its fourth quarter earnings guidance on Wednesday, July, 29th. The company provided earnings per share guidance of $1.05-1.25 for the period, compared to the Thomson Reuters consensus 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.

26 analysts have issued 12 month price objectives for QUALCOMM's shares. Their forecasts range from $61.00 to $137.00. On average, they expect QUALCOMM's stock price to reach $108.41 in the next twelve months. This suggests that the stock has a possible downside of 2.7%.
View analysts' price targets for QUALCOMM.

News articles about QCOM stock have been trending somewhat negative this week, according to InfoTrie Sentiment. InfoTrie rates the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. QUALCOMM earned a media sentiment score of -1.4 on InfoTrie's scale. They also assigned media coverage about the wireless technology company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few days.
View the latest news about QUALCOMM.

QUALCOMM saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 17,870,000 shares, an increase of 11.2% from the July 15th total of 16,070,000 shares. Based on an average daily trading volume, of 9,130,000 shares, the short-interest ratio is presently 2.0 days. Currently, 1.6% of the company's stock are sold short.
View QUALCOMM's Current Options Chain.

Some companies that are related to QUALCOMM include Cisco Systems (CSCO), Palo Alto Networks (PANW), Motorola Solutions (MSI), Ciena (CIEN), F5 Networks (FFIV), Juniper Networks (JNPR), Echostar (SATS), ViaSat (VSAT), InterDigital Wireless (IDCC), Infinera (INFN), Calix (CALX), NetGear (NTGR), Plantronics (PLT), Ribbon Communications (RBBN) and Harmonic (HLIT).
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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).

QUALCOMM trades on the NASDAQ under the ticker symbol "QCOM."

QUALCOMM's stock is owned by many different institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.56%), Swiss National Bank (0.40%), Principal Financial Group Inc. (0.15%), First Trust Advisors LP (0.15%), New York State Teachers Retirement System (0.15%) and Douglas Lane & Associates LLC (0.13%). 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.

QCOM stock was sold by a variety of institutional investors in the last quarter, including MERIAN GLOBAL INVESTORS UK Ltd, ANTIPODES PARTNERS Ltd, Prudential PLC, Russell Investments Group Ltd., Dowling & Yahnke LLC, Candriam Luxembourg S.C.A., 6 Meridian, and Zurcher Kantonalbank Zurich Cantonalbank. 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.

QCOM stock was acquired by a variety of institutional investors in the last quarter, including PGGM Investments, DAVENPORT & Co LLC, SG Americas Securities LLC, Assenagon Asset Management S.A., Railway Pension Investments Ltd, State of Michigan Retirement System, Welch Group LLC, and Envestnet Asset Management Inc..
View insider buying and selling activity for 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.

One share of QCOM stock can currently be purchased for approximately $111.39.

QUALCOMM has a market capitalization of $125.68 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.

The official website for QUALCOMM is www.qualcomm.com.

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]