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
QUALCOMM stock opened at $150.03 on Wednesday. The firm has a market capitalization of $168.48 billion, a P/E ratio of 13.29, a PEG ratio of 0.87 and a beta of 1.22. QUALCOMM has a 1 year low of $118.22 and a 1 year high of $193.58. The business has a 50-day moving average of $138.19 and a 200-day moving average of $146.25. The company has a current ratio of 1.61, a quick ratio of 1.15 and a debt-to-equity ratio of 0.85.
QUALCOMM (NASDAQ:QCOM - Get Rating) last posted its earnings results on Wednesday, July 27th. The wireless technology company reported $2.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.44. The company had revenue of $10.93 billion during the quarter, compared to analyst estimates of $10.85 billion. QUALCOMM had a return on equity of 95.77% and a net margin of 30.52%. The company's revenue for the quarter was up 36.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.66 EPS. On average, equities analysts anticipate that QUALCOMM will post 10.95 EPS for the current year.
QUALCOMM Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 22nd. Investors of record on Thursday, September 1st will be given a $0.75 dividend. The ex-dividend date is Wednesday, August 31st. This represents a $3.00 annualized dividend and a dividend yield of 2.00%. QUALCOMM's dividend payout ratio is presently 26.57%.
Wall Street Analyst Weigh In
QCOM has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut their price objective on QUALCOMM from $205.00 to $185.00 and set an "overweight" rating for the company in a report on Thursday, July 14th. UBS Group cut their price objective on QUALCOMM from $185.00 to $155.00 in a report on Thursday, April 28th. Deutsche Bank Aktiengesellschaft cut their price target on QUALCOMM from $190.00 to $170.00 in a report on Wednesday, July 20th. StockNews.com cut QUALCOMM from a "strong-buy" rating to a "buy" rating in a report on Thursday, July 28th. Finally, Edward Jones raised QUALCOMM from a "hold" rating to a "buy" rating in a report on Thursday, July 28th. Ten analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, QUALCOMM has a consensus rating of "Moderate Buy" and an average price target of $191.04.
Insider Activity at QUALCOMM
In related news, CAO Erin L. Polek sold 1,521 shares of the business'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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.05% of the stock is owned by insiders.