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NASDAQ:QCOMQUALCOMM Stock Price, Forecast & News

$92.38
+1.05 (+1.15 %)
(As of 07/14/2020 04:00 PM ET)
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Today's Range
$89.20
Now: $92.38▼
$92.62
50-Day Range
$78.02
MA: $87.80▼
$93.53
52-Week Range
$58.00
Now: $92.38▼
$96.17
Volume5.87 million shs
Average Volume10.78 million shs
Market Capitalization$103.92 billion
P/E Ratio27.33
Dividend Yield2.85%
Beta1.34
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.
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Beat the Market (BTM) Rank™

Analyst Opinion: 2.2Community Rank: 3.3Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

2.31 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 Ratio27.33
Forward P/E Ratio29.99
P/E Growth1.71

Sales & Book Value

Annual Sales$24.27 billion
Price / Sales4.28
Cash Flow$4.17 per share
Price / Cash Flow22.16
Book Value$4.04 per share
Price / Book22.87

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 Shares1,124,928,000
Market Cap$103.92 billion
Next Earnings Date7/29/2020 (Confirmed)
OptionableOptionable
NASDAQ:QCOM Rates by TradingView

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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. Since then, QCOM stock has increased by 23.9% and is now trading at $92.38. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of QUALCOMM?

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for QUALCOMM in the last year. There are currently 4 sell ratings, 5 hold ratings and 16 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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 can I listen to QUALCOMM's earnings call?

QUALCOMM will be holding an earnings conference call on Wednesday, July 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were QUALCOMM's earnings last quarter?

QUALCOMM, Inc. (NASDAQ:QCOM) posted its quarterly earnings results on Wednesday, April, 29th. The wireless technology company reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate 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 firm's revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.77 earnings per share. 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 yield of 2.81%. The ex-dividend date is Wednesday, June 3rd. This is a positive change from QUALCOMM's previous quarterly dividend of $0.62. View QUALCOMM's dividend history.

How will QUALCOMM's stock buyback program work?

QUALCOMM announced that its board has approved a stock buyback plan on Thursday, July 26th 2018, which permits the company to repurchase $30,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 34.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its shares are 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 earnings per share (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?

25 Wall Street analysts have issued 1 year price targets for QUALCOMM's stock. Their forecasts range from $61.00 to $115.00. On average, they expect QUALCOMM's stock price to reach $93.73 in the next twelve months. This suggests a possible upside of 1.5% 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, "Qualcomm is focused on retaining its position in the chipset market and mobile connectivity with several technological feats and innovative product launches. The company is focused on helping users experience a seamless transition to super-fast 5G networks, delivering low-power resilient multi-gigabit connectivity with best-in-class security. Qualcomm raised the bar for driverless cars with the launch of a first-of-its-kind automotive platform — Snapdragon Ride — which enables automakers to transform vehicles into self-driving cars using AI. 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 make a radical impact on device shipment. Competition from low-cost manufacturers is another concern." (6/12/2020)
  • 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 stories about QCOM stock have been trending extremely negative recently, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. QUALCOMM earned a news impact score of -4.3 on InfoTrie's scale. They also gave media headlines about the wireless technology company a news buzz of 3.0 out of 10, indicating that recent news coverage is unlikely to have an effect on the company's share price in the near future. View the latest news about QUALCOMM.

Are investors shorting QUALCOMM?

QUALCOMM saw a drop in short interest in the month of June. As of June 30th, there was short interest totaling 15,390,000 shares, a drop of 11.2% from the June 15th total of 17,340,000 shares. Based on an average daily volume of 10,600,000 shares, the days-to-cover ratio is currently 1.5 days. Currently, 1.4% of the shares of the stock are sold short. View QUALCOMM's Current Options Chain.

Who are some of QUALCOMM's key 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 a number of retail and institutional investors. Top institutional investors include Envestnet Asset Management Inc. (0.09%), Private Asset Management Inc. (0.05%), DNB Asset Management AS (0.04%), Robecosam AG (0.03%), State of Alaska Department of Revenue (0.03%) and Endurance Wealth Management Inc. (0.03%). 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, Michelle M Sterling and Steven M Mollenkopf. View institutional ownership trends for QUALCOMM.

Which major investors are selling QUALCOMM stock?

QCOM stock was sold by a variety of institutional investors in the last quarter, including MERIAN GLOBAL INVESTORS UK Ltd, 6 Meridian, IFM Investors Pty Ltd, Robecosam AG, Insight Folios Inc, Municipal Employees Retirement System of Michigan, Gofen & Glossberg LLC IL, and Alpha Windward LLC. 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, Michelle M Sterling, and Steven M Mollenkopf. View insider buying and selling activity for QUALCOMM.

Which major investors are buying QUALCOMM stock?

QCOM stock was bought by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., O Keefe Stevens Advisory Inc., State of Alaska Department of Revenue, Campbell Capital Management Inc., Canandaigua National Corp, Hoey Investments Inc., Exane Derivatives, and Investment House 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 $92.38.

How big of a company is QUALCOMM?

QUALCOMM has a market capitalization of $103.92 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 7/15/2020 by MarketBeat.com Staff
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