QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. The company 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 3G/4G/5G 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, WCDMA,LTE and/or OFDMA-based 5G standards and their derivatives. The QSI segment invests in early-stage companies in various industries, including 5G, artificial intelligence, automotive, consumer, enterprise, cloud, and IoT, and investment for supporting the design and introduction of new products and services for voice and data communications, new industries, and applications. It also provides development, and other services and related products to the United States government agencies and their contractors. QUALCOMM Incorporated was incorpotared in 1985 and is headquartered in San Diego, California.
QUALCOMM Price Performance
Shares of QUALCOMM stock traded down $1.65 on Monday, reaching $148.56. The stock had a trading volume of 86,501 shares, compared to its average volume of 10,546,086. QUALCOMM has a 1 year low of $118.22 and a 1 year high of $193.58. The company has a current ratio of 1.61, a quick ratio of 1.15 and a debt-to-equity ratio of 0.85. The company has a market cap of $166.83 billion, a P/E ratio of 13.30, a price-to-earnings-growth ratio of 0.87 and a beta of 1.22. The business's 50 day moving average is $137.27 and its two-hundred day moving average is $146.97.
QUALCOMM (NASDAQ:QCOM - Get Rating) last released its earnings results on Wednesday, July 27th. The wireless technology company reported $2.96 EPS for the quarter, beating analysts' consensus estimates of $2.52 by $0.44. QUALCOMM had a return on equity of 95.77% and a net margin of 30.52%. The business had revenue of $10.93 billion for the quarter, compared to analysts' expectations of $10.85 billion. During the same quarter in the prior year, the firm earned $1.66 earnings per share. The firm's revenue was up 36.7% on a year-over-year basis. As a group, research analysts anticipate that QUALCOMM will post 10.95 EPS for the current year.
QUALCOMM Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 22nd. Shareholders of record on Thursday, September 1st will be issued a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $3.00 annualized dividend and a yield of 2.02%. QUALCOMM's dividend payout ratio (DPR) is presently 26.57%.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the stock. UBS Group lowered their price target on shares of QUALCOMM from $185.00 to $155.00 in a report on Thursday, April 28th. Wells Fargo & Company dropped their target price on QUALCOMM from $150.00 to $135.00 and set an "equal weight" rating for the company in a research report on Monday, July 11th. Canaccord Genuity Group reduced their price target on QUALCOMM from $250.00 to $225.00 and set a "buy" rating on the stock in a report on Thursday, July 28th. Sumitomo Mitsui Financial Group lowered shares of QUALCOMM from an "outperform" rating to a "neutral" rating and dropped their price objective for the company from $215.00 to $155.00 in a report on Monday, April 18th. Finally, Cowen set a $185.00 target price on shares of QUALCOMM in a research report on Tuesday, July 19th. Ten research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $192.35.
Insider Activity
In related news, CAO Erin L. Polek sold 1,521 shares of the company's stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $129.95, for a total value of $197,653.95. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.05% of the stock is currently owned by company insiders.