NASDAQ:QCOM

QUALCOMM - QCOM Stock Forecast, Price & News

$132.17

-4.46 (-3.26%)

(As of 02/8/2023 12:00 AM ET)

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Today's Range: $131.76
▼
$136.28
50-Day Range: $106.97
▼
$138.46
52-Week Range: $101.93
▼
$184.00

Volume: 7.15 million shs
Average Volume: 8.93 million shs
Market Capitalization: $147.37 billion

P/E Ratio: 12.73
Dividend Yield: 2.26%
Price Target: $157.41

Institutional Ownership

QUALCOMM MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.81 Rating Score
Upside/Downside: 19.1% Upside
$157.41 Price Target
Short Interest: Healthy
1.18% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.89
Upright™ Environmental Score
News Sentiment: 0.01
Based on 35 Articles This Week
Insider Trading: Selling Shares
$7.22 M Sold Last Quarter
Proj. Earnings Growth: 18.79%
From $8.73 to $10.37 Per Share

Overall MarketRank^™

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

3.36 out of 5 stars

Computer And Technology Sector

3rd out of 612 stocks

Radio & T.V. Communications Equipment Industry

1st out of 25 stocks

3.4

Analyst's Opinion

Consensus Rating
QUALCOMM has received a consensus rating of Buy. The company's average rating score is 2.81, and is based on 16 buy ratings, 3 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $157.41, QUALCOMM has a forecasted upside of 19.1% from its current price of $132.17.
Amount of Analyst Coverage
QUALCOMM has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
1.18% of the float of QUALCOMM has been sold short.
Short Interest Ratio / Days to Cover
QUALCOMM has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in QUALCOMM has recently increased by 3.13%, indicating that investor sentiment is decreasing.

4.2

Dividend Strength

Dividend Yield
QUALCOMM pays a meaningful dividend of 2.26%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
QUALCOMM has been increasing its dividend for 20 years.
Dividend Coverage
The dividend payout ratio of QUALCOMM is 28.90%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, QUALCOMM will have a dividend payout ratio of 28.93% next year. This indicates that QUALCOMM will be able to sustain or increase its dividend.

3.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
QUALCOMM has received a 39.38% net impact score from Upright. Qualcomm seems to create the most significant positive value in categories "Taxes", "Knowledge infrastructure", and "Jobs". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Network gateways", "Mobile networks software", "IoT software", and "Modems" products. See details.
Environmental Sustainability
The Environmental Impact score for QUALCOMM is -0.89.

2.8

News and Social Media Coverage

News Sentiment
QUALCOMM has a news sentiment score of 0.01. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.45 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 35 news articles for QUALCOMM this week, compared to 11 articles on an average week.
Social Mentions This Week
MarketBeat has tracked 2 reddit mentions for QUALCOMM this week, compared to 4 mentions on an average week.
Search Interest
318 people have searched for QCOM on MarketBeat in the last 30 days. This is an increase of 101% compared to the previous 30 days.
MarketBeat Follows
73 people have added QUALCOMM to their MarketBeat watchlist in the last 30 days. This is an increase of 20% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, QUALCOMM insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $7,215,545.00 in company stock.
Percentage Held by Insiders
Only 0.07% of the stock of QUALCOMM is held by insiders.
Percentage Held by Institutions
70.87% of the stock of QUALCOMM is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for QUALCOMM are expected to grow by 18.79% in the coming year, from $8.73 to $10.37 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of QUALCOMM is 12.73, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 150.76.
Price to Earnings Ratio vs. Sector
The P/E ratio of QUALCOMM is 12.73, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 420.85.
Price to Earnings Growth Ratio
QUALCOMM has a PEG Ratio of 0.98. PEG Ratios around 1 indicate that a company is correctly valued.
Price to Book Value per Share Ratio
QUALCOMM has a P/B Ratio of 7.83. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About QUALCOMM (NASDAQ:QCOM) Stock

Qualcomm Technologies Inc. is a U.S.-based semiconductor manufacturer focused on the telecommunications industry. The company was founded in 1985 by Irwin M. Jacobs and six partners as a research-focused contractor working primarily with government and defense-related businesses. Three years later, the company merged with Omninet to develop and market Omnitracs, a satellite tracking system for the trucking industry.

The service was so popular that it spurred rapid growth for the company. The following year, revenue topped $30 million, and the employee count grew from eight to over 600. That year, more than 50% of the revenue came from a single customer, but that would soon change.

The company’s success with Omninet allowed it to fund research into its primary focus, mobile telecommunications. The early research led to critical patents in CDMA technology, later adopted as standards for the global mobile telecommunications industry. Additional advancements followed the early patents in technology and patents related to WCDMA, TD-SCDMA and CDMA2000, which all relate to 3G, 4G, 5G and the advancement of mobile communications today.

The company went public in 1991 to raise money for additional research and to fund manufacturing operations. Qualcomm entered the base station and cellphone market in the early 1990s but later spun those businesses off due to lack of performance. In 1998, a major restructuring put growth back on the table and drove revenue to over $3 billion by 2000.

New leadership in 2005 shifted the company’s focus away from new patents in CDMA technology and toward the Internet of Things. Qualcomm made several acquisitions during this time to aid in that endeavor. In 2013, another new CEO expanded on his predecessor’s work and deepened the company’s penetration of the mobile communications market.

Qualcomm entered another phase of its life in 2015 when it acquired NXP Semiconductors. NXP Semiconductors is a Dutch-based semiconductor company specializing in telecommunications microprocessors and semiconductor-based components. This addition expanded Qualcomm’s reach tremendously.

Now, Qualcomm operates as a diversified and integrated telecommunications technology company. It is the world’s leading telecommunications innovator and the seventh-largest semiconductor manufacturer by market cap.

The company operates through three segments: Qualcomm CDMA technologies, Qualcomm technology licensing and Qualcomm strategic initiatives.

The technology licensing segment develops and supplies semiconductors, components, software and services to the telecommunications industry. Products and services span the 3G, 4G and 5G universe.

The technology licensing segment licenses the company’s intellectual property to the global telecommunications industry and governments. The strategic initiatives segment invests in technology startups and other opportunities related to the company’s core business and the advancement of communications. The company’s revenue topped $44 billion in 2022 and employed more than 51,000 across its operating footprint.

Qualcomm began paying a dividend in 2003 and has increased the payout every year. The business intends to distribute regular dividends and increase them annually.

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