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QUALCOMM - QCOM Stock Forecast, Price & News

$135.56
-0.29 (-0.21%)
(As of 02/3/2023 02:33 PM ET)
Add
Compare
Today's Range
$128.57
$138.32
50-Day Range
$106.97
$138.46
52-Week Range
$101.93
$184.00
Volume
9.10 million shs
Average Volume
8.97 million shs
Market Capitalization
$151.45 billion
P/E Ratio
11.91
Dividend Yield
2.17%
Price Target
$158.46

QUALCOMM MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.74 Rating Score
Upside/​Downside
15.4% Upside
$158.38 Price Target
Short Interest
Healthy
1.18% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.89
Upright™ Environmental Score
News Sentiment
0.07mentions of QUALCOMM in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$3.58 M Sold Last Quarter
Proj. Earnings Growth
18.79%
From $8.73 to $10.37 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.37 out of 5 stars

Computer And Technology Sector

19th out of 610 stocks

Radio & T.V. Communications Equipment Industry

3rd out of 24 stocks

QCOM stock logo

About QUALCOMM (NASDAQ:QCOM) Stock

Qualcomm Technologies Inc. is a U.S.-based semiconductor manufacturer focused on the telecommunications industry. The company was founded in 1985 by Irwin M. Jacobs and six partners as a research-focused contractor working primarily with government and defense-related businesses. Three years later, the company merged with Omninet to develop and market Omnitracs, a satellite tracking system for the trucking industry. 

The service was so popular that it spurred rapid growth for the company. The following year, revenue topped $30 million, and the employee count grew from eight to over 600. That year, more than 50% of the revenue came from a single customer, but that would soon change.

The company’s success with Omninet allowed it to fund research into its primary focus, mobile telecommunications. The early research led to critical patents in CDMA technology, later adopted as standards for the global mobile telecommunications industry. Additional advancements followed the early patents in technology and patents related to WCDMA, TD-SCDMA and CDMA2000, which all relate to 3G, 4G, 5G and the advancement of mobile communications today.

The company went public in 1991 to raise money for additional research and to fund manufacturing operations. Qualcomm entered the base station and cellphone market in the early 1990s but later spun those businesses off due to lack of performance. In 1998, a major restructuring put growth back on the table and drove revenue to over $3 billion by 2000.

New leadership in 2005 shifted the company’s focus away from new patents in CDMA technology and toward the Internet of Things. Qualcomm made several acquisitions during this time to aid in that endeavor. In 2013, another new CEO expanded on his predecessor’s work and deepened the company’s penetration of the mobile communications market.

Qualcomm entered another phase of its life in 2015 when it acquired NXP Semiconductors. NXP Semiconductors is a Dutch-based semiconductor company specializing in telecommunications microprocessors and semiconductor-based components. This addition expanded Qualcomm’s reach tremendously. 

Now, Qualcomm operates as a diversified and integrated telecommunications technology company. It is the world’s leading telecommunications innovator and the seventh-largest semiconductor manufacturer by market cap.

The company operates through three segments: Qualcomm CDMA technologies, Qualcomm technology licensing and Qualcomm strategic initiatives.

The technology licensing segment develops and supplies semiconductors, components, software and services to the telecommunications industry. Products and services span the 3G, 4G and 5G universe. 

The technology licensing segment licenses the company’s intellectual property to the global telecommunications industry and governments. The strategic initiatives segment invests in technology startups and other opportunities related to the company’s core business and the advancement of communications. The company’s revenue topped $44 billion in 2022 and employed more than 51,000 across its operating footprint.

Qualcomm began paying a dividend in 2003 and has increased the payout every year. The business intends to distribute regular dividends and increase them annually.

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QCOM Stock News Headlines

InterDigital Raises Its Earnings Guidance (QCOM)
Mobile and video technology development company InterDigital Inc. (NASDAQ: IDCC) stock has been on a four-week surge since breaking out of its weekly rectangle
AMD Is Still One Of The Best Semiconductor Stocks Out There (QCOM)
AMD is a semiconductor stock that’s gotten off to a great start, and there are several signs that this will continue into the rest of the quarter.
Know Your Profit Potential BEFORE You Trade!
I’m Chuck Hughes, ten-time trading champion and author of the coveted e-book, “Options Trading Made Easy”, the strategy guide that will teach you to calculate your trade’s profit potential before you risk any capital. Click here for a free copy now! pixel
Qualcomm Gets a Boost from Analysts, but is it Time to Buy?
Shares of Qualcomm Technologies Inc. continue to push after a bullish upgrade from Barclays. But is this rally the start of a buying opportunity?
Can Chip Gear Maker Lam Continue Its Rally As Earnings Slow? (QCOM)
Could a nascent rally in chip gear maker Lam Research be the real deal, or is it a head fake for tech investors eager to see a long-awaited turnaround?
Which Dogs of the Dow Will Claw Back in 2023? (QCOM)
The Humble Mineral at the Heart of the EV Revolution (Not Lithium)
You may know of graphite as what's in the tip of a No. 2 pencil, but it is the key to many forms of renewable energy. Today, this humble mineral is at the epicenter of the electric car revolution. Because what most people don't know is today's EV batteries contain more than 220 pounds of graphite – more than lithium, copper or aluminum!
QUALCOMM (QCOM) Set to Announce Earnings on Thursday
Is Qualcomm a Buy?
QUALCOMM (NASDAQ:QCOM) Shares Gap Up to $122.90
How to Play Qualcomm's Improved Technical Picture
Value Investor Likes Qualcomm, Other Stocks
See More Headlines
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QCOM Company Calendar

Ex-Dividend for 12/15 Dividend
11/30/2022
Dividend Payable
12/15/2022
Last Earnings
2/02/2023
Today
2/03/2023
Ex-Dividend for 3/23 Dividend
3/01/2023
Dividend Payable
3/23/2023
Next Earnings (Estimated)
4/26/2023
Fiscal Year End
9/30/2023

Industry, Sector and Symbol

Industry
Radio & t.v. communications equipment
Sub-Industry
Communications Equipment
Current Symbol
NASDAQ:QCOM
CUSIP
74752510
Employees
51,000
Year Founded
1985

Price Target and Rating

Average Stock Price Forecast
$158.38
High Stock Price Forecast
$238.00
Low Stock Price Forecast
$120.00
Forecasted Upside/Downside
+16.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.74
Research Coverage
20 Analysts

Profitability

Net Income
$12.94 billion
Pretax Margin
33.93%

Debt

Sales & Book Value

Annual Sales
$44.20 billion
Cash Flow
$12.63 per share
Book Value
$16.04 per share

Miscellaneous

Outstanding Shares
1,117,190,000
Free Float
1,116,410,000
Market Cap
$151.45 billion
Optionable
Optionable
Beta
1.27

Social Links


Key Executives

  • Cristiano R. AmonCristiano R. Amon
    President, Chief Executive Officer & Director
  • Roawen Chen
    Chief Operations & Supply Officer & SVP
  • Akash PalkhiwalaAkash Palkhiwala
    Chief Financial Officer
  • James H. ThompsonJames H. Thompson
    Chief Technology Officer
  • Don McGuire
    Chief Marketing Officer & Senior Vice President













QCOM Stock - Frequently Asked Questions

Should I buy or sell QUALCOMM stock right now?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for QUALCOMM in the last twelve months. There are currently 1 sell rating, 2 hold ratings, 16 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" QCOM shares.
View QCOM analyst ratings
or view top-rated stocks.

What is QUALCOMM's stock price forecast for 2023?

20 analysts have issued 1-year price objectives 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 $158.38 in the next year. This suggests a possible upside of 16.1% from the stock's current price.
View analysts price targets for QCOM
or view top-rated stocks among Wall Street analysts.

How have QCOM shares performed in 2023?

QUALCOMM's stock was trading at $109.94 at the start of the year. Since then, QCOM stock has increased by 24.1% and is now trading at $136.39.
View the best growth stocks for 2023 here
.

When is QUALCOMM's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our QCOM earnings forecast
.

How were QUALCOMM's earnings last quarter?

QUALCOMM Incorporated (NASDAQ:QCOM) posted its quarterly earnings results on Thursday, February, 2nd. The wireless technology company reported $2.37 EPS for the quarter, beating analysts' consensus estimates of $2.35 by $0.02. The wireless technology company earned $9.46 billion during the quarter, compared to the consensus estimate of $9.57 billion. QUALCOMM had a net margin of 29.27% and a trailing twelve-month return on equity of 86.71%. The business's revenue for the quarter was down 11.6% compared to the same quarter last year. During the same period last year, the firm posted $2.96 EPS.
Read the conference call transcript
.

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

QUALCOMM declared a quarterly dividend on Wednesday, January 18th. Shareholders 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 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date is Wednesday, March 1st.
Read our dividend analysis for QCOM
.

Is QUALCOMM a good dividend stock?

QUALCOMM (NASDAQ:QCOM) pays an annual dividend of $3.00 per share and currently has a dividend yield of 2.17%. 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 26.36%. 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.

How will QUALCOMM's stock buyback program work?

QUALCOMM announced that its Board of Directors has initiated a share buyback plan on Tuesday, October 12th 2021, which allows the company to repurchase $10,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 7.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

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

QUALCOMM updated its second quarter 2023 earnings guidance on Thursday, February, 2nd. The company provided EPS guidance of $2.05-$2.25 for the period, compared to the consensus EPS 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.

What is Steve Mollenkopf's approval rating as QUALCOMM's CEO?

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.

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), AT&T (T), Micron Technology (MU), Advanced Micro Devices (AMD), Walt Disney (DIS), Alibaba Group (BABA), Verizon Communications (VZ) and Johnson & Johnson (JNJ).

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 a number of institutional and retail investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.35%), New York State Common Retirement Fund (0.17%), Fisher Asset Management LLC (0.17%), New York State Teachers Retirement System (0.12%), Douglas Lane & Associates LLC (0.12%) and Simplex Trading LLC (0.00%). 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.
View institutional ownership trends
.

How do I buy shares of QUALCOMM?

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.
Compare Top Brokerages Here.

What is QUALCOMM's stock price today?

One share of QCOM stock can currently be purchased for approximately $136.39.

How much money does QUALCOMM make?

QUALCOMM (NASDAQ:QCOM) has a market capitalization of $152.37 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 $11.38 on an earnings per share basis.

How many employees does QUALCOMM have?

The company employs 51,000 workers across the globe.

Does QUALCOMM have any subsidiaries?
The following companies are subsidiares of QUALCOMM: AMD, Airgo Networks, Artemis IP, Atheros Communications, Augmented Pixels, Berkäna Wireless, Bigfoot Networks, Bitboys Oy, Black Sand Technologies, CSR, Capsule Tech, Clay AIR, DesignArt Networks, Digital Fountain, ELATA, Empowered Careers, Epos, Euvision Technologies, FatSkunk, Firethorn, Flarion Technologies, FleetAdvisor, HaloIPT, InnoPath Software, Iridigm Display Corporation, Now Software, NuVia Inc., Nuvia, Orb Networks, Pixtronix, QUALCOMM CDMA Technologies Asia-Pacific Pte. Ltd., Qualcomm Atheros, Qualcomm Technologies Inc., Qualcomm Technologies International Ltd., Qualphone, RF360 Europe GmbH, RF360 Holdings, RF360 Singapore Pte. Ltd., Rapid Bridge, Sandbridge Technologies, Scyfer, SnapTrack, SoftMax, Spike Technologies, Stonestreet One, Summit Microelectronics, Sylectus, Tapioca Mobile, TeleCIS Wireless, Trigenix, Twenty Billion Neorons, Ubicom, Ultra-Scan Corporation, Veoneer, Wikitude, Wilocity, Within Technology, Xiam, forextrading4p, iSkoot, kooaba, and nPhase.
Read More
How can I contact QUALCOMM?

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.

This page (NASDAQ:QCOM) was last updated on 2/3/2023 by MarketBeat.com Staff