QUALCOMM Stock Forecast, Price & News

QUALCOMM's stock was trading at $74.59 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, QCOM shares have increased by 50.0% and is now trading at $111.92.
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26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for QUALCOMM in the last year. There are currently 2 sell ratings, 6 hold ratings, 17 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
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QUALCOMM is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for QUALCOMM.

QUALCOMM, Inc. (NASDAQ:QCOM) announced its earnings results on Wednesday, July, 29th. The wireless technology company reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.71 by $0.15. The wireless technology company had revenue of $4.89 billion for the quarter, compared to analysts' expectations of $4.80 billion. QUALCOMM had a net margin of 13.72% and a return on equity of 78.39%. QUALCOMM's revenue was down .1% on a year-over-year basis. During the same period in the previous year, the company posted $0.80 earnings per share.
View QUALCOMM's earnings history.

QUALCOMM declared a quarterly dividend on Wednesday, July 15th. Shareholders of record on Thursday, September 3rd will be paid a dividend of $0.65 per share on Thursday, September 24th. This represents a $2.60 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Wednesday, September 2nd.
View QUALCOMM's dividend history.

QUALCOMM updated its fourth quarter earnings guidance on Wednesday, July, 29th. The company provided earnings per share (EPS) guidance of $1.05-1.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.09. The company issued revenue guidance of $5.5-6.3 billion (Non-GAAP), compared to the consensus revenue estimate of $5.76 billion.

26 analysts have issued 1 year price objectives for QUALCOMM's shares. Their forecasts range from $61.00 to $150.00. On average, they anticipate QUALCOMM's stock price to reach $113.05 in the next twelve months. This suggests a possible upside of 1.0% from the stock's current price.
View analysts' price targets for QUALCOMM.

QUALCOMM saw a drop in short interest during the month of August. As of August 31st, there was short interest totaling 13,450,000 shares, a drop of 18.2% from the August 15th total of 16,450,000 shares. Based on an average daily trading volume, of 9,600,000 shares, the days-to-cover ratio is presently 1.4 days. Currently, 1.2% of the shares of the stock are short sold.
View QUALCOMM's Short Interest.

Some companies that are related to QUALCOMM include Cisco Systems (CSCO), Motorola Solutions (MSI), Palo Alto Networks (PANW), Juniper Networks (JNPR), F5 Networks (FFIV), Ciena (CIEN), Echostar (SATS), ViaSat (VSAT), InterDigital Wireless (IDCC), Infinera (INFN), Calix (CALX), NetGear (NTGR), Ribbon Communications (RBBN), Harmonic (HLIT) and Plantronics (PLT).
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Based on aggregate information from My MarketBeat watchlists, some companies that other QUALCOMM investors own include NVIDIA (NVDA), Intel (INTC), Cisco Systems (CSCO), Micron Technology (MU), AT&T (T), 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 Vanguard Group Inc. (9.23%), BlackRock Inc. (6.85%), FMR LLC (4.55%), Bank of New York Mellon Corp (1.57%), Charles Schwab Investment Management Inc. (0.94%) and Nuveen Asset Management LLC (0.85%). 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.

QCOM stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Jennison Associates LLC, Bank of New York Mellon Corp, BlackRock Inc., MERIAN GLOBAL INVESTORS UK Ltd, AQR Capital Management LLC, Toronto Dominion Bank, and ANTIPODES PARTNERS Ltd. 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.

QCOM stock was bought by a variety of institutional investors in the last quarter, including Vanguard Group Inc., FIL Ltd, Nuveen Asset Management LLC, Two Sigma Advisers LP, PGGM Investments, Jacobs Levy Equity Management Inc., Stifel Financial Corp, and DAVENPORT & Co 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 $111.92.

QUALCOMM has a market capitalization of $126.28 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]