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NASDAQ:QCOM

QUALCOMM - QCOM Stock Forecast, Price & News

$147.81
-2.40 (-1.60%)
(As of 08/8/2022 12:00 AM ET)
Add
Compare
Today's Range
$146.55
$151.19
50-Day Range
$120.09
$155.86
52-Week Range
$118.22
$193.58
Volume
5.53 million shs
Average Volume
10.58 million shs
Market Capitalization
$165.99 billion
P/E Ratio
13.09
Dividend Yield
2.00%
Price Target
$191.04

QUALCOMM MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.63 Rating Score
Upside/​Downside
29.4% Upside
$191.04 Price Target
Short Interest
Healthy
1.51% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.89
Upright™ Environmental Score
News Sentiment
0.09mentions of QUALCOMM in the last 14 days
Based on 24 Articles This Week
Insider Trading
Selling Shares
$207,852 Sold Last Quarter
Proj. Earnings Growth
4.93%
From $10.95 to $11.49 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.71 out of 5 stars

Computer And Technology Sector

1st out of 833 stocks

Radio & T.V. Communications Equipment Industry

1st out of 34 stocks

QCOM stock logo

About QUALCOMM (NASDAQ:QCOM) Stock

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. The company 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 3G/4G/5G 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, WCDMA,LTE and/or OFDMA-based 5G standards and their derivatives. The QSI segment invests in early-stage companies in various industries, including 5G, artificial intelligence, automotive, consumer, enterprise, cloud, and IoT, and investment for supporting the design and introduction of new products and services for voice and data communications, new industries, and applications. It also provides development, and other services and related products to the United States government agencies and their contractors. QUALCOMM Incorporated was incorpotared in 1985 and is headquartered in San Diego, California.

QUALCOMM Price Performance

Shares of QUALCOMM stock traded down $1.65 on Monday, reaching $148.56. The stock had a trading volume of 86,501 shares, compared to its average volume of 10,546,086. QUALCOMM has a 1 year low of $118.22 and a 1 year high of $193.58. The company has a current ratio of 1.61, a quick ratio of 1.15 and a debt-to-equity ratio of 0.85. The company has a market cap of $166.83 billion, a P/E ratio of 13.30, a price-to-earnings-growth ratio of 0.87 and a beta of 1.22. The business's 50 day moving average is $137.27 and its two-hundred day moving average is $146.97.

QUALCOMM (NASDAQ:QCOM - Get Rating) last released its earnings results on Wednesday, July 27th. The wireless technology company reported $2.96 EPS for the quarter, beating analysts' consensus estimates of $2.52 by $0.44. QUALCOMM had a return on equity of 95.77% and a net margin of 30.52%. The business had revenue of $10.93 billion for the quarter, compared to analysts' expectations of $10.85 billion. During the same quarter in the prior year, the firm earned $1.66 earnings per share. The firm's revenue was up 36.7% on a year-over-year basis. As a group, research analysts anticipate that QUALCOMM will post 10.95 EPS for the current year.

QUALCOMM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 22nd. Shareholders of record on Thursday, September 1st will be issued a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $3.00 annualized dividend and a yield of 2.02%. QUALCOMM's dividend payout ratio (DPR) is presently 26.57%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. UBS Group lowered their price target on shares of QUALCOMM from $185.00 to $155.00 in a report on Thursday, April 28th. Wells Fargo & Company dropped their target price on QUALCOMM from $150.00 to $135.00 and set an "equal weight" rating for the company in a research report on Monday, July 11th. Canaccord Genuity Group reduced their price target on QUALCOMM from $250.00 to $225.00 and set a "buy" rating on the stock in a report on Thursday, July 28th. Sumitomo Mitsui Financial Group lowered shares of QUALCOMM from an "outperform" rating to a "neutral" rating and dropped their price objective for the company from $215.00 to $155.00 in a report on Monday, April 18th. Finally, Cowen set a $185.00 target price on shares of QUALCOMM in a research report on Tuesday, July 19th. Ten research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $192.35.

Insider Activity

In related news, CAO Erin L. Polek sold 1,521 shares of the company's stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $129.95, for a total value of $197,653.95. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.05% of the stock is currently owned by company insiders.

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QCOM Stock News Headlines

Diversified onsemi Is Outperforming The Semiconductor Index  (QCOM)
onsemi is outperforming the semiconductor industry and will continue to do so as its refocusing strategy gains momentum and drives results.
Three (3) Undervalued Dividend-Paying Tech Stocks  (QCOM)
While Samsung’s results may not spark a major reversal in the chip industry they, and other signs within the market, suggest a bottom is in play and it’s one for dividend investors to take advantage of. The chip stocks are undervalued and pay safe, if not always large dividends.
Taiwan Semiconductor Rides Chip Demand To Record Revenue (QCOM)
taiwan semiconductor stock, earnings, price target
Why I Own Qualcomm Stock
AMD Earnings to Follow Intel and Qualcomm
QUALCOMM (NASDAQ:QCOM) Downgraded by DZ Bank
QUALCOMM (NASDAQ:QCOM) Lifted to "Buy" at Edward Jones
QUALCOMM (NASDAQ:QCOM) PT Lowered to $185.00
See More Headlines
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QCOM Company Calendar

Ex-Dividend for 6/23 Dividend
6/01/2022
Dividend Payable
6/23/2022
Last Earnings
7/27/2022
Today
8/08/2022
Ex-Dividend for 9/22 Dividend
8/31/2022
Dividend Payable
9/22/2022
Fiscal Year End
9/30/2022
Next Earnings (Estimated)
11/02/2022

Industry, Sector and Symbol

Industry
Radio & t.v. communications equipment
Sub-Industry
Communications Equipment
Current Symbol
NASDAQ:QCOM
CUSIP
74752510
Employees
45,000
Year Founded
1985

Price Target and Rating

Average Stock Price Forecast
$191.04
High Stock Price Forecast
$250.00
Low Stock Price Forecast
$135.00
Forecasted Upside/Downside
+29.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
24 Analysts

Profitability

Net Income
$9.04 billion
Pretax Margin
35.15%

Debt

Sales & Book Value

Annual Sales
$33.57 billion
Cash Flow
$8.89 per share
Book Value
$8.84 per share

Miscellaneous

Outstanding Shares
1,123,000,000
Free Float
1,122,439,000
Market Cap
$165.99 billion
Optionable
Optionable
Beta
1.22

Social Links















QCOM Stock - Frequently Asked Questions

Should I buy or sell QUALCOMM stock right now?

24 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for QUALCOMM in the last year. There are currently 10 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.
View QCOM analyst ratings
or view top-rated stocks.

What is QUALCOMM's stock price forecast for 2022?

24 brokerages have issued 1-year price targets for QUALCOMM's stock. Their QCOM stock forecasts range from $135.00 to $250.00. On average, they expect the company's stock price to reach $191.04 in the next twelve months. This suggests a possible upside of 30.0% from the stock's current price.
View analysts price targets for QCOM
or view top-rated stocks among Wall Street analysts.

How has QUALCOMM's stock price performed in 2022?

QUALCOMM's stock was trading at $182.87 on January 1st, 2022. Since then, QCOM shares have decreased by 19.6% and is now trading at $146.95.
View the best growth stocks for 2022 here
.

When is QUALCOMM's next earnings date?

QUALCOMM is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our QCOM earnings forecast
.

How were QUALCOMM's earnings last quarter?

QUALCOMM Incorporated (NASDAQ:QCOM) announced its quarterly earnings data on Wednesday, July, 27th. The wireless technology company reported $2.96 EPS for the quarter, beating analysts' consensus estimates of $2.52 by $0.44. 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 prior year, the firm earned $1.66 earnings per share.
Read the conference call transcript
.

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

QUALCOMM announced a quarterly dividend on Friday, July 15th. Stockholders 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 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Wednesday, August 31st.
Read our dividend analysis for QCOM
.

Is QUALCOMM a good dividend stock?

QUALCOMM (NASDAQ:QCOM) pays an annual dividend of $3.00 per share and currently has a dividend yield of 2.00%. The company has been increasing its dividend for 21 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.

How will QUALCOMM's stock buyback program work?

QUALCOMM declared that its board has initiated a share buyback plan on Tuesday, October 12th 2021, which allows the company to repurchase $10,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 7.2% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued.

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

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.

What is Steve Mollenkopf's approval rating as QUALCOMM's CEO?

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.

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), 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).

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 variety of retail and institutional investors. Top institutional investors include Loomis Sayles & Co. L P (0.66%), Sumitomo Mitsui Trust Holdings Inc. (0.36%), Los Angeles Capital Management LLC (0.30%), Van ECK Associates Corp (0.29%), CIBC Private Wealth Group LLC (0.20%) and Thornburg Investment Management Inc. (0.17%). 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, Mark D Mclaughlin, Michelle M Sterling and Steven M Mollenkopf.
View institutional ownership trends
.

How do I buy shares of QUALCOMM?

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.
Compare Top Brokerages Here.

What is QUALCOMM's stock price today?

One share of QCOM stock can currently be purchased for approximately $146.95.

How much money does QUALCOMM make?

QUALCOMM (NASDAQ:QCOM) has a market capitalization of $165.02 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.

How many employees does QUALCOMM have?

QUALCOMM employs 45,000 workers across the globe.

Does QUALCOMM have any subsidiaries?

The following companies are subsidiares of QUALCOMM: AMD, Airgo Networks, Artemis IP, Atheros Communications, Augmented Pixels, Berkäna Wireless, Bigfoot Networks, Bitboys Oy, Black Sand Technologies, CSR, Capsule Tech, Clay AIR, DesignArt Networks, Digital Fountain, ELATA, Empowered Careers, Epos, Euvision Technologies, FatSkunk, Firethorn, Flarion Technologies, FleetAdvisor, HaloIPT, InnoPath Software, Iridigm Display Corporation, Now Software, NuVia Inc., Nuvia, Orb Networks, Pixtronix, QUALCOMM CDMA Technologies Asia-Pacific Pte. Ltd., Qualcomm Atheros, Qualcomm Technologies Inc., Qualcomm Technologies International Ltd., Qualphone, RF360 Europe GmbH, RF360 Holdings, RF360 Singapore Pte. Ltd., Rapid Bridge, Sandbridge Technologies, Scyfer, SnapTrack, SoftMax, Spike Technologies, Stonestreet One, Summit Microelectronics, Sylectus, Tapioca Mobile, TeleCIS Wireless, Trigenix, Twenty Billion Neorons, Ubicom, Ultra-Scan Corporation, Veoneer, Wikitude, Wilocity, Within Technology, Xiam, forextrading4p, iSkoot, kooaba, and nPhase.
Read More

When was QUALCOMM founded?

QUALCOMM was founded in 1985.

How can I contact QUALCOMM?

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.

This page (NASDAQ:QCOM) was last updated on 8/8/2022 by MarketBeat.com Staff

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