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QUALCOMM - QCOM Stock Forecast, Price & News

$132.93
-2.09 (-1.55%)
(As of 02/6/2023 12:00 AM ET)
Add
Compare
Today's Range
$131.86
$134.88
50-Day Range
$106.97
$138.46
52-Week Range
$101.93
$184.00
Volume
6.83 million shs
Average Volume
9.05 million shs
Market Capitalization
$148.22 billion
P/E Ratio
12.81
Dividend Yield
2.22%
Price Target
$157.41

QUALCOMM MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.85 Rating Score
Upside/​Downside
18.4% Upside
$157.41 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
0.03mentions of QUALCOMM in the last 14 days
Based on 27 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.

3.36 out of 5 stars

Computer And Technology Sector

3rd out of 611 stocks

Radio & T.V. Communications Equipment Industry

1st out of 25 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.
The #1 Energy Stock to Buy
The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
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?
Citigroup Increases QUALCOMM (NASDAQ:QCOM) Price Target to $132.00
QUALCOMM (NASDAQ:QCOM) PT Raised to $165.00 at Credit Suisse Group
The #1 Energy Stock to Buy
The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
QUALCOMM (NASDAQ:QCOM) Issues Q2 2023 Earnings Guidance
QUALCOMM's (QCOM) "Buy" Rating Reiterated at Bank of America
Why Qualcomm Stock Flopped on Friday
QUALCOMM (QCOM) Set to Announce Earnings on Thursday
Is Qualcomm a Buy?
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
2/06/2023
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
$157.41
High Stock Price Forecast
$238.00
Low Stock Price Forecast
$120.00
Forecasted Upside/Downside
+18.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.85
Research Coverage
21 Analysts

Profitability

Net Income
$12.94 billion
Pretax Margin
31.43%

Debt

Sales & Book Value

Annual Sales
$44.20 billion
Cash Flow
$12.71 per share
Book Value
$16.04 per share

Miscellaneous

Outstanding Shares
1,115,000,000
Free Float
1,114,220,000
Market Cap
$148.22 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?

21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for QUALCOMM in the last twelve months. There are currently 1 sell rating, 3 hold ratings, 16 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research 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?

21 Wall Street research analysts have issued twelve-month price targets for QUALCOMM's shares. Their QCOM share price forecasts range from $120.00 to $238.00. On average, they expect the company's share price to reach $157.41 in the next twelve months. This suggests a possible upside of 18.4% 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 on January 1st, 2023. Since then, QCOM shares have increased by 20.9% and is now trading at $132.93.
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 earnings per share 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 trailing twelve-month return on equity of 69.93% and a net margin of 27.40%. The business's revenue for the quarter was down 11.6% on a year-over-year basis. During the same period last year, the company earned $2.96 earnings per share.
Read the conference call transcript
.

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

QUALCOMM announced a quarterly dividend on Wednesday, January 18th. Stockholders of record on Thursday, March 2nd will be paid a dividend of $0.75 per share on Thursday, March 23rd. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.26%. 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 2.22%. 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 28.90%. 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 declared that its board has authorized a share repurchase program on Tuesday, October 12th 2021, which authorizes the company to buyback $10,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 7.2% of its shares through open market purchases. Shares buyback programs are generally an indication 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 many different retail and institutional investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.35%), Los Angeles Capital Management LLC (0.19%), New York State Common Retirement Fund (0.17%), Fisher Asset Management LLC (0.17%), New York State Teachers Retirement System (0.12%) and Douglas Lane & Associates LLC (0.12%). 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 $132.93.

How much money does QUALCOMM make?

QUALCOMM (NASDAQ:QCOM) has a market capitalization of $148.22 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 $10.38 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 2/7/2023 by MarketBeat.com Staff