NASDAQ:QCOM - QUALCOMM Stock Price, News, & Analysis

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$66.21 -2.05 (-3.00 %)
(As of 05/26/2019 09:35 AM ET)
Previous Close$66.21
Today's Range$65.9686 - $69.15
52-Week Range$49.10 - $90.34
Volume21.37 million shs
Average Volume19.31 million shs
Market Capitalization$80.49 billion
P/E Ratio20.76
Dividend Yield3.63%
Beta1.45
QUALCOMM Incorporated designs, develops, manufactures, and markets digital communication products worldwide. It 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 code division multiple access (CDMA), orthogonal frequency division multiple access, 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, wideband CDMA, CDMA time division duplex, long term evolution, and/or fifth generation standards and their derivatives. The QSI segment invests in early-stage companies in various industries, including automotive, Internet of things, mobile, data center, and healthcare for supporting the design and introduction of new products and services for voice and data communications, and new industry segments. The company also provides products and services for mobile health; products designed for the implementation of small cells; development, and other services and related products to the United States government agencies and their contractors; and software products, and content and push-to-talk enablement services to wireless operators. In addition, it licenses chipset technology, and products and services for use in data centers. QUALCOMM Incorporated was founded in 1985 and is headquartered in San Diego, California.

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Industry, Sector and Symbol

Industry Radio & t.v. communications equipment
Sub-IndustryCommunications Equipment
SectorComputer and Technology
Current SymbolNASDAQ:QCOM
CUSIP74752510
Phone858-587-1121

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$22.73 billion
Cash Flow$3.7878 per share
Book Value$3.18 per share

Profitability

Net Income$-4,864,000,000.00

Miscellaneous

Employees35,400
Outstanding Shares1,215,699,000
Market Cap$80.49 billion
Next Earnings Date7/24/2019 (Estimated)
OptionableOptionable

QUALCOMM (NASDAQ:QCOM) Frequently Asked Questions

What is QUALCOMM's stock symbol?

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

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

QUALCOMM announced a quarterly dividend on Tuesday, May 7th. Stockholders of record on Thursday, June 6th will be given a dividend of $0.62 per share on Thursday, June 27th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend is Wednesday, June 5th. View QUALCOMM's Dividend History.

How will QUALCOMM's stock buyback program work?

QUALCOMM announced that its board has approved a share buyback plan on Thursday, July 26th 2018, which authorizes the company to repurchase $30,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 34.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its stock is undervalued.

How were QUALCOMM's earnings last quarter?

QUALCOMM, Inc. (NASDAQ:QCOM) released its earnings results on Wednesday, May, 1st. The wireless technology company reported $0.61 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.54 by $0.07. The wireless technology company had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.83 billion. QUALCOMM had a net margin of 11.57% and a return on equity of 56.69%. The business's revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.80 EPS. View QUALCOMM's Earnings History.

When is QUALCOMM's next earnings date?

QUALCOMM is scheduled to release their next quarterly earnings announcement on Wednesday, July 24th 2019. View Earnings Estimates for QUALCOMM.

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

QUALCOMM issued an update on its third quarter 2019 earnings guidance on Wednesday, May, 1st. The company provided earnings per share (EPS) guidance of $0.70-0.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.87. The company issued revenue guidance of $4.7-5.5 billion, compared to the consensus revenue estimate of $5.08 billion.

What price target have analysts set for QCOM?

28 brokers have issued 1 year price objectives for QUALCOMM's stock. Their forecasts range from $55.00 to $115.00. On average, they expect QUALCOMM's stock price to reach $80.8965 in the next year. This suggests a possible upside of 22.2% from the stock's current price. View Analyst Price Targets for QUALCOMM.

What is the consensus analysts' recommendation for QUALCOMM?

28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for QUALCOMM in the last year. There are currently 1 sell rating, 9 hold ratings, 17 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for QUALCOMM.

What are Wall Street analysts saying about QUALCOMM stock?

Here are some recent quotes from research analysts about QUALCOMM stock:
  • 1. Mizuho analysts commented, "We are moving to the sidelines given the uncertainty with Judge Koh’s FTC ruling on QCOM. We believe a potential change in the license model to royalty as a % of chip" ASP at ~$50 versus handset" ASP at ~$300 could be a SIGNIFICANT 50+% downside to EPS. The limited clarity as the case goes to appeals to the Ninth District and potentially the Supreme Court, and uncertainty if recent license agreements with China NDRC can still be upheld, inserts a significant overhang on QCOM. and adjusting PT to ~$65 until we get clarity. QCOM has handily outperformed the SOX by 540 bps YTD even with the pullback." (5/23/2019)
  • 2. According to Zacks Investment Research, "Qualcomm reported solid second-quarter fiscal 2019 results with the top and bottom line beating the respective Zacks Consensus Estimate, driven by strength in both the operating segments owing to strong product leadership and operating expense management. The company is likely to benefit significantly from the settlement with Apple. Qualcomm also expects improving business conditions in the second half of fiscal 2019 on the back of new product launches as it aims to redefine the computing and mobile ecosystem across the globe. The stock has outperformed the industry in the past year on average. However, aggressive competition in the mobile phone chipset market is likely to hurt Qualcomm’s profitability. Although the global smartphone market is expected to maintain its momentum over the next three to four years, major portion of this growth is likely to come from the low-cost emerging markets, which may further exert pressure on its margins." (5/6/2019)
  • 3. Rosenblatt Securities analysts commented, "We think Qualcomm will continue to see weakness from the Android market in the second half of this year due to our belief that there will be an inventory correction in the Android market in late C3Q and C4Q. However, we see several catalysts for QCOM in 2H19 as many Chinese OEMs plan to launch their 5G smartphones in China in late C3Q (albeit at small volumes). In addition, we believe Apple (AAPL: Neutral) will begin to use Qualcomm modems again starting in the second half of this year. We maintain our Buy rating and $84 price target. We believe Chinese OEMs, as well as Samsung (SSNLF: NR), will become more aggressive when launching their 5G smartphones in mid-2020. We see Apple launching their regional 5G iPhone in the second half of 2020." (5/2/2019)

Has QUALCOMM been receiving favorable news coverage?

News headlines about QCOM stock have been trending negative on Sunday, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. QUALCOMM earned a media sentiment score of -2.0 on InfoTrie's scale. They also assigned press coverage about the wireless technology company a news buzz of 8.0 out of 10, meaning that recent media coverage is very likely to have an impact on the stock's share price in the near term.

Are investors shorting QUALCOMM?

QUALCOMM saw a increase in short interest in the month of April. As of April 30th, there was short interest totalling 43,222,706 shares, an increase of 134.2% from the April 15th total of 18,452,043 shares. Based on an average daily trading volume, of 49,051,379 shares, the short-interest ratio is presently 0.9 days. Currently, 3.6% of the company's shares are sold short. View QUALCOMM's Current Options Chain.

Who are some of QUALCOMM's key competitors?

What other stocks do shareholders of QUALCOMM own?

Based on aggregate information from My MarketBeat watchlists, some companies that other QUALCOMM investors own include Intel (INTC), Micron Technology (MU), Cisco Systems (CSCO), NVIDIA (NVDA), AT&T (T), Alibaba Group (BABA), General Electric (GE), Netflix (NFLX), Verizon Communications (VZ) and Bank of America (BAC).

Who are QUALCOMM's key executives?

QUALCOMM's management team includes the folowing people:
  • Mr. Steven M. Mollenkopf, CEO & Director (Age 50)
  • Mr. Cristiano Renno Amon, Pres (Age 49)
  • Dr. James H. Thompson, Chief Technology Officer (Age 55)
  • Mr. Donald J. Rosenberg, Exec. VP, Gen. Counsel & Corp. Sec. (Age 68)
  • Mr. Franklin P. Antonio, Co-Founder & Chief Scientist

Who are QUALCOMM's major shareholders?

QUALCOMM's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.86%), FMR LLC (2.79%), Primecap Management Co. CA (2.03%), Loomis Sayles & Co. L P (1.39%), Geode Capital Management LLC (1.35%) and Northern Trust Corp (1.27%). Company insiders that own QUALCOMM stock include Alexander H Rogers, Brian Modoff, Clark T Jr Randt, Cristiano R Amon, Derek K Aberle, Donald J Rosenberg, Erin L Polek, Inc/De Qualcomm, James H Thompson, Matthew S Grob and Michelle M Sterling. View Institutional Ownership Trends for QUALCOMM.

Which major investors are selling QUALCOMM stock?

QCOM stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Wellington Management Group LLP, Laurion Capital Management LP, BlackRock Inc., Miller Howard Investments Inc. NY, SG Americas Securities LLC, New York State Common Retirement Fund and ANTIPODES PARTNERS Ltd. Company insiders that have sold QUALCOMM company stock in the last year include Alexander H Rogers, Brian Modoff, Clark T Jr Randt, Cristiano R Amon, Donald J Rosenberg, Erin L Polek, Inc/De Qualcomm, James H Thompson and Michelle M Sterling. View Insider Buying and Selling for QUALCOMM.

Which major investors are buying QUALCOMM stock?

QCOM stock was purchased by a variety of institutional investors in the last quarter, including FIL Ltd, OppenheimerFunds Inc., Geode Capital Management LLC, Caisse DE Depot ET Placement DU Quebec, Primecap Management Co. CA, Natixis, Charles Schwab Investment Management Inc. and First Trust Advisors LP. View Insider Buying and Selling for QUALCOMM.

How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.

What is QUALCOMM's stock price today?

One share of QCOM stock can currently be purchased for approximately $66.21.

How big of a company is QUALCOMM?

QUALCOMM has a market capitalization of $80.49 billion and generates $22.73 billion in revenue each year. The wireless technology company earns $-4,864,000,000.00 in net income (profit) each year or $3.19 on an earnings per share basis. QUALCOMM employs 35,400 workers across the globe.

What is QUALCOMM's official website?

The official website for QUALCOMM is http://www.qualcomm.com/.

How can I contact QUALCOMM?

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]


MarketBeat Community Rating for QUALCOMM (NASDAQ QCOM)

Community Ranking:  3.3 out of 5 (star star star)
Outperform Votes:  1,904 (Vote Outperform)
Underperform Votes:  951 (Vote Underperform)
Total Votes:  2,855
MarketBeat's community ratings are surveys of what our community members think about QUALCOMM and other stocks. Vote "Outperform" if you believe QCOM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe QCOM will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/26/2019 by MarketBeat.com Staff

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