NASDAQ:QCOMQUALCOMM Stock Price, Forecast & News

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 shares have increased by 24.0% and is now trading at $92.51. View which stocks have been most impacted by Coronavirus.

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.

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

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.

QUALCOMM, Inc. (NASDAQ:QCOM) announced its quarterly earnings data on Wednesday, April, 29th. The wireless technology company reported $0.88 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.79 by $0.09. The wireless technology company had revenue of $5.21 billion for 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.77 EPS. View QUALCOMM's earnings history.

QUALCOMM declared a quarterly dividend on Tuesday, April 21st. Investors 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 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Wednesday, June 3rd. This is a boost from QUALCOMM's previous quarterly dividend of $0.62. View QUALCOMM's dividend history.

QUALCOMM declared that its board has initiated a stock buyback plan on Thursday, July 26th 2018, which permits the company to buyback $30,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 34.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its shares are undervalued.

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 EPS 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.

25 equities research analysts have issued 1 year target prices for QUALCOMM's shares. Their forecasts range from $61.00 to $115.00. On average, they anticipate QUALCOMM's share price to reach $93.73 in the next year. This suggests a possible upside of 1.3% from the stock's current price. View analysts' price targets for QUALCOMM.

Media coverage about QCOM stock has trended very negative on Sunday, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. QUALCOMM earned a media sentiment score of -3.2 on InfoTrie's scale. They also assigned headlines about the wireless technology company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news about QUALCOMM.

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

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

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).

QUALCOMM trades on the NASDAQ under the ticker symbol "QCOM."

QUALCOMM's stock is owned by a number of institutional and retail investors. Top institutional shareholders 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 Manning & Napier Group LLC (0.02%). 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.

QCOM stock was sold by a variety of institutional investors in the last quarter, including 6 Meridian, Robecosam AG, Municipal Employees Retirement System of Michigan, Arden Trust Co, Rockland Trust Co., Whittier Trust Co., Patton Fund Management Inc., and Jacobs & Co. CA. 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.

QCOM stock was acquired 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 Carnegie Capital Asset Management LLC. View insider buying and selling activity for 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.

One share of QCOM stock can currently be purchased for approximately $92.51.

QUALCOMM has a market capitalization of $104.07 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.

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

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]