QUALCOMM Incorporated [QCOM] Analysis: Why QCOM Stock Is Skyrocketing Today

QUALCOMM Incorporated [QCOM] has traded in a range of $58.00 to $153.33 in the last 1 year. As of this writing, the stock is at $151.26, up 2.78%. To check whether the stock’s short-term amount has a thrust, its good to check stock’s recent movement. Over the last week, QCOM shares are 5.17% up with the monthly amount drift of 22.62% and seems well in a long time frame.

On 20, November 2020, Qualcomm Announces Commencement of Registered Exchange Offer for Notes Issued in Connection with Prior Private Exchange Offer. According to news published on Yahoo Finance, Qualcomm Incorporated (NASDAQ: QCOM) announced today the commencement of its offer to exchange (the “Registered Exchange Offer”) any and all of the $2,206,633,000 aggregate principal amount of its outstanding Private Placement Notes (as defined below) previously issued pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), for an equal principal amount of new notes registered under the Securities Act (the “Registered Notes”).

Analyst Birdseye View:

The most recent analyst activity for QUALCOMM Incorporated [NASDAQ:QCOM] stock was on October 01, 2020, when it was Reiterated with an Outperform rating from Cowen, which also raised its 12-month price target on the stock from $130 to $150. Before that, on November 05, 2020, Cowen Recapitulated an Outperform rating and elevated its amount target to $170. On September 29, 2020, Barclays Reiterated an Equal weight rating and boosted its price target on this stock from $110 to $120. On September 25, 2020, Exane BNP Paribas Upgrade an Outperform rating and increased its price target to $140. On September 01, 2020, Wells Fargo Upgrade an Equal weight rating and increased its price target to $120. On August 03, 2020, Bernstein Upgrade an Outperform rating and boosted its amount on this stock to $135. On July 31, 2020, Edward Jones Upgrade a Hold rating. On July 30, 2020, Cowen Reiterated an Outperform rating and amplified its amount target to $130.

In the past 52 weeks of trading, this stock has oscillated between a low of $58.00 and a peak of $153.33. Right now, the middling Wall Street analyst 12-month amount mark is $159.50. At the most recent market close, shares of QUALCOMM Incorporated [NASDAQ:QCOM] were valued at $151.26. According to the average price forecast, investors can expect a potential return of 0.6%.

FUNDAMENTAL ANALYSIS

QUALCOMM Incorporated [NASDAQ:QCOM] most recently reported quarterly sales of 8.35 billion, which represented growth of 73.40%. This publicly-traded organization’s revenue is $573,927 per employee, while its income is $126,780 per employee. This company’s Gross Margin is currently 60.70%, its Operating Margin is 25.20%, its Pretax Margin is +24.30, and its Net Margin is +22.09. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 15.17, 94.63, 28.78 and 25.90 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 72.92 and the whole liability to whole assets at 45.97. It shows enduring liability to the whole principal at 70.03 and enduring liability to assets at 0.44 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 148.57 points at 1st support level, the second support level is making up to 145.89. But as of 1st resistance point, this stock is sitting at 153.17 and at 155.08 for 2nd resistance point.

QUALCOMM Incorporated [QCOM] reported its earnings at $1.45 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $1.17/share signifying the difference of 0.28 and 23.90% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.86 calling estimates for $0.71/share with the difference of 0.15 depicting the surprise of 21.10%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for QUALCOMM Incorporated [NASDAQ:QCOM] is 2.10. Likewise, the Quick ratio is also the same, showing Cash ratio at 1.29. Now if looking for a valuation of this stock’s amount to sales ratio it’s 5.59, it’s amount to book ratio is 21.31 and showing 33.40 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by Rosenberg Donald J, EVP & General Counsel, and it was the sale of 7771.0 shares on Nov 24. AMON CRISTIANO R, the President, completed a sale of 19606.0 shares on Nov 24. On Nov 23, ROGERS ALEXANDER H, EVP & President, QTL, completed a sale of 5526.0 shares.