QUALCOMM - QCOM Stock Forecast, Price & News

24 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for QUALCOMM in the last year. There are currently 10 hold ratings, 13 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.
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24 brokerages have issued 1-year price targets for QUALCOMM's stock. Their QCOM stock forecasts range from $135.00 to $250.00. On average, they expect the company's stock price to reach $191.04 in the next twelve months. This suggests a possible upside of 30.0% from the stock's current price.
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QUALCOMM's stock was trading at $182.87 on January 1st, 2022. Since then, QCOM shares have decreased by 19.6% and is now trading at $146.95.
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QUALCOMM is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
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QUALCOMM Incorporated (NASDAQ:QCOM) announced its quarterly earnings data 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. The wireless technology company had revenue of $10.93 billion for the quarter, compared to the consensus estimate of $10.85 billion. QUALCOMM had a net margin of 30.52% and a trailing twelve-month return on equity of 95.77%. The firm's revenue was up 36.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.66 earnings per share.
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QUALCOMM announced a quarterly dividend on Friday, July 15th. Stockholders of record on Thursday, September 1st will be paid a dividend of $0.75 per share on Thursday, September 22nd. This represents a $3.00 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Wednesday, August 31st.
Read our dividend analysis for QCOM.

QUALCOMM (NASDAQ:QCOM) pays an annual dividend of $3.00 per share and currently has a dividend yield of 2.00%. The company has been increasing its dividend for 21 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 26.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, QCOM will have a dividend payout ratio of 26.11% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for QCOM.

QUALCOMM declared that its board has initiated a share buyback plan on Tuesday, October 12th 2021, which allows the company to repurchase $10,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 7.2% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued.

QUALCOMM updated its fourth quarter 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of $3.00-$3.30 for the period, compared to the consensus EPS estimate of $3.23. The company issued revenue guidance of $11.00 billion-$11.80 billion, compared to the consensus revenue estimate of $11.87 billion.

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.

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).

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

QUALCOMM's stock is owned by a variety of retail and institutional investors. Top institutional investors include Loomis Sayles & Co. L P (0.66%), Sumitomo Mitsui Trust Holdings Inc. (0.36%), Los Angeles Capital Management LLC (0.30%), Van ECK Associates Corp (0.29%), CIBC Private Wealth Group LLC (0.20%) and Thornburg Investment Management Inc. (0.17%). 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, Mark D Mclaughlin, Michelle M Sterling and Steven M Mollenkopf.
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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.
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One share of QCOM stock can currently be purchased for approximately $146.95.

QUALCOMM (NASDAQ:QCOM) has a market capitalization of $165.02 billion and generates $33.57 billion in revenue each year. The wireless technology company earns $9.04 billion in net income (profit) each year or $11.29 on an earnings per share basis.

QUALCOMM employs 45,000 workers across the globe.

QUALCOMM was founded in 1985.

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.