NASDAQ:QCOMQUALCOMM Stock Price, Forecast & News

$86.04

+1.93 (+2.29 %)

(As of 06/4/2020 04:00 PM ET)

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Today's Range

$83.95

Now: $86.04▼

$86.70

50-Day Range

$71.84

MA: $77.68▼

$84.63

52-Week Range

$58.00

Now: $86.04▼

$96.17

Volume12.08 million shs

Average Volume9.67 million shs

Market Capitalization$96.79 billion

P/E Ratio25.46

Dividend Yield2.93%

Beta1.35

QUALCOMM Incorporated designs, develops, manufactures, and markets digital communication products worldwide. It 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 code division multiple access (CDMA), orthogonal frequency division multiple access, 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, wideband CDMA, CDMA time division duplex, long term evolution, and/or fifth generation standards and their derivatives. The QSI segment invests in early-stage companies in various industries, including automotive, Internet of things, mobile, data center, and healthcare for supporting the design and introduction of new products and services for voice and data communications, and new industry segments. The company also provides products and services for mobile health; products designed for the implementation of small cells; development, and other services and related products to the United States government agencies and their contractors; and software products, and content and push-to-talk enablement services to wireless operators. In addition, it licenses chipset technology, and products and services for use in data centers. QUALCOMM Incorporated was founded in 1985 and is headquartered in San Diego, California.

Beat the Market (BTM) Rank^™

2.3 Analyst's Opinion

Consensus Rating
QUALCOMM has received a consensus rating of Buy. The company's average rating score is 2.54, and is based on 14 buy ratings, 6 hold ratings, and 3 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $90.00, QUALCOMM has a potential upside of 5.0% from its current price of $85.70.
Amount of Analyst Coverage
QUALCOMM has been the subject of 15 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.3 Community Rank

Outperform Votes
QUALCOMM has received 2,022 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
QUALCOMM has received 1,041 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
QUALCOMM has received 66.01% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about QUALCOMM and other stocks. Vote “Outperform” if you believe QCOM will outperform the S&P 500 over the long term. Vote “Underperform” if you believe QCOM will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
QUALCOMM is a leading dividend payer. It pays a dividend yield of 2.93%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
QUALCOMM has been increasing its dividend for 9 years.
Dividend Coverage
The dividend payout ratio of QUALCOMM is 87.32 %. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, QUALCOMM will have a dividend payout ratio of 42.47 % next year. This indicates that QUALCOMM will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, QUALCOMM insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $130,808.00 in company stock.
Percentage Held by Insiders
Only 0.12% of the stock of QUALCOMM is held by insiders.
Percentage Held by Institutions
74.56% of the stock of QUALCOMM is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for QUALCOMM are expected to grow by 89.61% in the coming year, from $3.08 to $5.84 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of QUALCOMM is 25.36, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.28.
Price to Earnings Ratio vs. Sector
The P/E ratio of QUALCOMM is 25.36, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 39.54.
Price to Earnings Growth Ratio
QUALCOMM has a PEG Ratio of 1.49. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
QUALCOMM has a P/B Ratio of 21.21. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.48 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Radio & t.v. communications equipment

Sub-IndustryCommunications Equipment

SectorComputer and Technology

Current SymbolNASDAQ:QCOM

Previous Symbol

CUSIP74752510

CIK804328

Webwww.qualcomm.com

Phone858-587-1121

Debt

Debt-to-Equity Ratio4.42

Current Ratio1.57

Quick Ratio1.39

Price-To-Earnings

Trailing P/E Ratio25.46

Forward P/E Ratio27.94

P/E Growth1.49

Sales & Book Value

Annual Sales$24.27 billion

Price / Sales3.99

Cash Flow$4.24 per share

Price / Cash Flow20.28

Book Value$4.04 per share

Price / Book21.30

Profitability

EPS (Most Recent Fiscal Year)$2.84

Net Income$4.39 billion

Net Margins16.36%

Return on Equity69.92%

Return on Assets9.49%

Miscellaneous

Employees37,000

Outstanding Shares1,124,930,000

Market Cap$96.79 billion

Next Earnings Date7/29/2020 (Estimated)

OptionableOptionable

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QUALCOMM (NASDAQ:QCOM) Frequently Asked Questions

How has QUALCOMM's stock been impacted by COVID-19 (Coronavirus)?

QUALCOMM's stock was trading at $74.59 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, QCOM stock has increased by 14.9% and is now trading at $85.70. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of QUALCOMM?

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for QUALCOMM in the last year. There are currently 3 sell ratings, 6 hold ratings, 14 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for QUALCOMM.

When is QUALCOMM's next earnings date?

QUALCOMM is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for QUALCOMM.

How were QUALCOMM's earnings last quarter?

QUALCOMM, Inc. (NASDAQ:QCOM) issued its quarterly earnings data on Wednesday, April, 29th. The wireless technology company reported $0.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.09. The wireless technology company earned $5.21 billion during the quarter, compared to analyst estimates of $5.04 billion. QUALCOMM had a net margin of 16.36% and a return on equity of 69.92%. The company's revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.77 EPS. View QUALCOMM's earnings history.

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

QUALCOMM declared a quarterly dividend on Tuesday, April 21st. Shareholders of record on Thursday, June 4th will be given a dividend of $0.65 per share on Thursday, June 25th. This represents a $2.60 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend is Wednesday, June 3rd. This is an increase from QUALCOMM's previous quarterly dividend of $0.62. View QUALCOMM's dividend history.

How will QUALCOMM's stock buyback program work?

QUALCOMM declared that its Board of Directors has authorized a stock repurchase program on Thursday, July 26th 2018, which allows the company to buyback $30,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 34.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

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

QUALCOMM updated its third quarter earnings guidance on Wednesday, April, 29th. The company provided EPS guidance of $0.60-0.80 for the period, compared to the Thomson Reuters consensus estimate of $0.78. The company issued revenue guidance of $4.4-5.2 billion, compared to the consensus revenue estimate of $4.91 billion.

What price target have analysts set for QCOM?

24 brokerages have issued 12-month price targets for QUALCOMM's shares. Their forecasts range from $61.00 to $110.00. On average, they expect QUALCOMM's share price to reach $90.00 in the next year. This suggests a possible upside of 5.0% from the stock's current price. View analysts' price targets for QUALCOMM.

What are Wall Street analysts saying about QUALCOMM stock?

Here are some recent quotes from research analysts about QUALCOMM stock:

1. According to Zacks Investment Research, "Despite coronavirus-induced adversities, Qualcomm reported solid second-quarter fiscal 2020 results, with healthy year-over-year top-line growth, primarily driven by the ramp-up in 5G-enabled chips. The company is focused on retaining its position in the chipset market and mobile connectivity with several technological achievements and innovative product launches. Qualcomm is also likely to help users experience seamless transition to super-fast 5G networks, delivering low-power resilient multi-gigabit connectivity with best-in-class security. However, the company is likely to face softness in demand from China with Huawei gaining prominence in the local market and coronavirus impacting sales. It expects macroeconomic uncertainty to have a radical impact on device shipment. Competition from low-cost manufacturers is another concern." (5/21/2020)
2. Mizuho analysts commented, "We believe that the growth trajectory and total potential market opportunity of the Pluralsight story warrants a premium multiple. As such, we are reiterating our OUTPERFORM investment rating and $40 price target." (8/1/2019)

Has QUALCOMM been receiving favorable news coverage?

News articles about QCOM stock have been trending somewhat negative recently, InfoTrie reports. The research firm rates the sentiment of news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. QUALCOMM earned a news sentiment score of -1.0 on InfoTrie's scale. They also gave media coverage about the wireless technology company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the near term. View the latest news aboutQUALCOMM.

Are investors shorting QUALCOMM?

QUALCOMM saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 12,050,000 shares, a decline of 19.8% from the April 30th total of 15,020,000 shares. Based on an average daily trading volume, of 11,700,000 shares, the short-interest ratio is presently 1.0 days. Currently, 1.1% of the company's shares are sold short. View QUALCOMM's Current Options Chain.

Who are some of QUALCOMM's key competitors?

Some companies that are related to QUALCOMM include Cisco Systems (CSCO), Motorola Solutions (MSI), Palo Alto Networks (PANW), F5 Networks (FFIV), Ciena (CIEN), Juniper Networks (JNPR), Echostar (SATS), ViaSat (VSAT), InterDigital Wireless (IDCC), Infinera (INFN), Calix (CALX), NetGear (NTGR), Ribbon Communications (RBBN), ADTRAN (ADTN) and Plantronics (PLT). View all competitors.

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), Micron Technology (MU), Cisco Systems (CSCO), AT&T (T), Alibaba Group (BABA), Walt Disney (DIS), Advanced Micro Devices (AMD), Verizon Communications (VZ) and Netflix (NFLX).

Who are QUALCOMM's key executives?

QUALCOMM's management team includes the following people:

Mr. Steven M. Mollenkopf, CEO & Director (Age 50)
Mr. Cristiano Renno Amon, Pres (Age 49)
Dr. James H. Thompson, Chief Technology Officer (Age 55)
Mr. Donald J. Rosenberg, Exec. VP, Gen. Counsel & Corp. Sec. (Age 68)
Mr. Franklin P. Antonio, Co-Founder & Chief Scientist

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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.97%), State Street Corp (4.21%), Primecap Management Co. CA (2.08%), Bank of New York Mellon Corp (1.84%), Geode Capital Management LLC (1.49%) and Capital World Investors (1.36%). Company insiders that own QUALCOMM stock include Akash J Palkhiwala, Alexander H Rogers, Brian Modoff, Clark T Jr Randt, Cristiano R Amon, Donald J Rosenberg, Erin L Polek, Inc/De Qualcomm, James H Thompson, Mark D Mclaughlin and Michelle M Sterling. View institutional ownership trends for QUALCOMM.

Which institutional investors are selling QUALCOMM stock?

QCOM stock was sold by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Jennison Associates LLC, Loomis Sayles & Co. L P, Capital International Investors, Two Sigma Advisers LP, Bank of New York Mellon Corp, BlackRock Inc., and Assenagon Asset Management S.A.. Company insiders that have sold QUALCOMM company stock in the last year include Akash J Palkhiwala, Alexander H Rogers, Cristiano R Amon, Donald J Rosenberg, Erin L Polek, and Michelle M Sterling. View insider buying and selling activity for QUALCOMM.

Which institutional investors are buying QUALCOMM stock?

QCOM stock was acquired by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Trust Holdings Inc., Public Investment Fund, Schroder Investment Management Group, APG Asset Management N.V., APG Asset Management N.V., Capital World Investors, Swiss National Bank, and Clearbridge Investments LLC. View insider buying and selling activity for QUALCOMM.

How do I buy shares of QUALCOMM?

Shares of QCOM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is QUALCOMM's stock price today?

One share of QCOM stock can currently be purchased for approximately $85.70.

How big of a company is QUALCOMM?

QUALCOMM has a market capitalization of $96.41 billion and generates $24.27 billion in revenue each year. The wireless technology company earns $4.39 billion in net income (profit) each year or $2.84 on an earnings per share basis. QUALCOMM employs 37,000 workers across the globe.

What is QUALCOMM's official website?

The official website for QUALCOMM is www.qualcomm.com.

How can I contact QUALCOMM?

QUALCOMM's mailing address is 5775 MOREHOUSE DRIVE, SAN DIEGO CA, 92121. The wireless technology company can be reached via phone at 858-587-1121 or via email at [email protected]

This page was last updated on 6/4/2020 by MarketBeat.com Staff