QUALCOMM - QCOM Stock Forecast, Price & News

23 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for QUALCOMM in the last year. There are currently 7 hold ratings, 15 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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23 brokerages have issued 12-month price targets for QUALCOMM's stock. Their QCOM share price forecasts range from $105.00 to $238.00. On average, they predict the company's stock price to reach $158.27 in the next twelve months. This suggests a possible upside of 28.2% from the stock's current price.
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QUALCOMM's stock was trading at $182.87 at the beginning of 2022. Since then, QCOM stock has decreased by 32.5% and is now trading at $123.45.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 1st 2023.
View our QCOM earnings forecast.

QUALCOMM Incorporated (NASDAQ:QCOM) posted its quarterly earnings results on Wednesday, November, 3rd. The wireless technology company reported $2.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.49. The wireless technology company had revenue of $9.34 billion for the quarter, compared to analyst estimates of $8.88 billion. QUALCOMM had a trailing twelve-month return on equity of 86.71% and a net margin of 29.27%. During the same period in the prior year, the firm posted $1.23 earnings per share.
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QUALCOMM declared a quarterly dividend on Friday, October 14th. Shareholders of record on Thursday, December 1st will be paid a dividend of $0.75 per share on Thursday, December 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend is Wednesday, November 30th.
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 2.43%. The company has been increasing its dividend for 19 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 27.03% 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 authorized a share buyback program on Tuesday, October 12th 2021, which permits the company to repurchase $10,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 7.2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board believes its stock is undervalued.

QUALCOMM updated its first quarter 2023 earnings guidance on Wednesday, November, 9th. The company provided earnings per share (EPS) guidance of $2.25-$2.45 for the period, compared to the consensus EPS estimate of $3.42. The company issued revenue guidance of $9.20 billion-$10.00 billion, compared to the consensus revenue estimate of $12.02 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 institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.68%), BlackRock Inc. (7.38%), State Street Corp (4.24%), Price T Rowe Associates Inc. MD (1.68%), Alliancebernstein L.P. (1.59%) and Bank of New York Mellon Corp (1.15%). 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.
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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 $123.45.

QUALCOMM (NASDAQ:QCOM) has a market capitalization of $138.39 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.

The company employs 51,000 workers across the globe.

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.