QUALCOMM - QCOM Stock Forecast, Price & News

23 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for QUALCOMM in the last twelve months. There are currently 9 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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23 brokerages have issued 12 month price targets for QUALCOMM's stock. Their QCOM share price forecasts range from $135.00 to $250.00. On average, they anticipate the company's stock price to reach $193.29 in the next year. This suggests a possible upside of 71.1% from the stock's current price.
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QUALCOMM's stock was trading at $182.87 at the start of the year. Since then, QCOM stock has decreased by 38.2% and is now trading at $112.98.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our QCOM earnings forecast.

QUALCOMM Incorporated (NASDAQ:QCOM) announced its quarterly earnings results on Wednesday, July, 27th. The wireless technology company reported $2.59 EPS for the quarter, topping analysts' consensus estimates of $2.51 by $0.08. 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 previous year, the business earned $1.66 earnings per share.
Read the conference call transcript.

QUALCOMM declared a quarterly dividend on Friday, July 15th. Shareholders 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 dividend on an annualized basis and a yield of 2.66%. 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 2.61%. 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 26.57%. 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 authorized a share buyback program on Tuesday, October 12th 2021, which allows the company to buyback $10,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 7.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is 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."

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 $112.98.

QUALCOMM (NASDAQ:QCOM) has a market capitalization of $126.88 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.

The company employs 45,000 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.