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 1 sell rating, 5 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" QCOM shares.
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23 brokers have issued twelve-month price targets for QUALCOMM's shares. Their QCOM share price forecasts range from $120.00 to $238.00. On average, they anticipate the company's stock price to reach $156.48 in the next year. This suggests a possible upside of 25.4% from the stock's current price.
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QUALCOMM's stock was trading at $109.94 on January 1st, 2023. Since then, QCOM stock has increased by 13.5% and is now trading at $124.76.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our QCOM earnings forecast.

QUALCOMM Incorporated (NASDAQ:QCOM) issued its earnings results on Thursday, February, 2nd. The wireless technology company reported $2.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.35 by $0.02. The wireless technology company had revenue of $9.46 billion for the quarter, compared to analyst estimates of $9.57 billion. QUALCOMM had a trailing twelve-month return on equity of 69.93% and a net margin of 27.40%. The company's revenue for the quarter was down 11.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.96 EPS.
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QUALCOMM announced a quarterly dividend on Wednesday, January 18th. Shareholders of record on Thursday, March 2nd will be paid a dividend of $0.75 per share on Thursday, March 23rd. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Wednesday, March 1st.
Read our dividend analysis for QCOM.

ETFs with the largest weight of QUALCOMM (NASDAQ:QCOM) stock in their portfolio include Invesco PHLX Semiconductor ETF (SOXQ), Strive U.S. Semiconductor ETF (SHOC), iShares Semiconductor ETF (SOXX), VanEck Semiconductor ETF (SMH), Invesco Dynamic Semiconductors ETF (PSI), ProShares Metaverse ETF (VERS), Direxion Daily Semiconductors Bull 3x Shares (SOXL) and ProShares Ultra Semiconductors (USD).

QUALCOMM (NASDAQ:QCOM) pays an annual dividend of $3.00 per share and currently has a dividend yield of 2.42%. The company has been increasing its dividend for 20 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 28.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, QCOM will have a dividend payout ratio of 29.88% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for QCOM.

QUALCOMM announced that its board has approved a stock buyback program on Tuesday, October 12th 2021, which allows the company to buyback $10,000,000,000.00 in 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 generally an indication that the company's board believes its stock is undervalued.

QUALCOMM updated its second quarter 2023 earnings guidance on Thursday, February, 2nd. The company provided earnings per share guidance of $2.05-$2.25 for the period, compared to the consensus earnings per share estimate of $2.26. The company issued revenue guidance of $8.70 billion-$9.50 billion, compared to the consensus revenue estimate of $9.55 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 shareholders include Moneta Group Investment Advisors LLC (2.21%), Morgan Stanley (1.94%), Geode Capital Management LLC (1.85%), Alliancebernstein L.P. (1.61%), Price T Rowe Associates Inc. MD (1.42%) and Norges Bank (1.20%). 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, Jeffrey William Henderson 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 $124.76.

QUALCOMM (NASDAQ:QCOM) has a market capitalization of $139.11 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 $10.38 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.