At the time of writing, Qualcomm, Inc. [QCOM] stock is trading at $158.30, up 0.81%. An important factor to consider is whether the stock is rising or falling in short-term value. The QCOM shares have gain 4.17% over the last week, with a monthly amount glided 5.03%, and seem to be holding up well over a long-time horizon.
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On 27, February 2024, Building Skills in Afterschool: STEM Next and Qualcomm, Inc. Lead the Way for Future Innovators. In a post published today on Yahoo Finance, Qualcomm
From an analyst’s perspective:
Qualcomm, Inc. [NASDAQ: QCOM] stock has seen the most recent analyst activity on February 01, 2024, when TD Cowen reiterated its Outperform rating and also boosted its price target to $170 from $160. Previously, Citigroup downgraded its rating to Neutral on February 01, 2024, and kept the price target unchanged to $160. On January 23, 2024, Cantor Fitzgerald initiated with a Neutral rating and assigned a price target of $150 on the stock. Citigroup upgraded its rating to a Buy but stick to its price target of $160 on January 12, 2024. Morgan Stanley downgraded its rating to a Equal-Weight and raised its price target to $132 on December 08, 2023. Daiwa Securities downgraded its rating to Outperform for this stock on August 09, 2023, but kept the price target unchanged to $125. In a note dated August 03, 2023, Deutsche Bank downgraded an Hold rating on this stock and revised its target price from $130 to $121.
For the past year, the stock price of Qualcomm, Inc. fluctuated between $101.47 and $157.98. Currently, Wall Street analysts expect the stock to reach $166.17 within the next 12 months. Qualcomm, Inc. [NASDAQ: QCOM] shares were valued at $158.30 at the most recent close of the market. An investor can expect a potential return of 4.97% based on the average QCOM price forecast.
Analyzing the QCOM fundamentals
According to Qualcomm, Inc. [NASDAQ:QCOM], the company’s sales were 36.29B for trailing twelve months, which represents an 4.99% jump. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 157.46 points at the first support level, and at 156.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 159.17, and for the 2nd resistance point, it is at 160.04.
Qualcomm, Inc. [QCOM] reported earnings per share of $2.75 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.37/share, meaning a difference of $0.38 and a surprise factor of 16.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.02 per share as compared to estimates of $1.91 per share, a difference of $0.11 representing a surprise of 5.80%.
Ratios To Look Out For
It is important to note that Qualcomm, Inc. [NASDAQ:QCOM] has a current ratio of 2.56. On the other hand, the Quick Ratio is 1.88, and the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 4.87, the price to book ratio is 7.68 and price to earnings (TTM) ratio is 22.94.
Transactions by insiders
Recent insider trading involved MARTIN NEIL, SVP, Finance and CAO, that happened on Feb 21 when 371.0 shares were sold. President & CEO, AMON CRISTIANO R completed a deal on Jan 19 to sell 8100.0 shares. Meanwhile, Chief Commercial Officer CATHEY JAMES J sold 1000.0 shares on Jan 11.
