Qualcomm, Inc. [QCOM] stock is trading at $167.89, up 3.99%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The QCOM shares have gain 7.73% over the last week, with a monthly amount glided 16.57%, and seem to be holding up well over a long-time horizon.
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On 5, March 2024, Qualcomm Increases Quarterly Cash Dividend. In a post published today on Yahoo Finance, Qualcomm Incorporated (NASDAQ: QCOM) today announced that its Board of Directors has approved an increase in the Company’s quarterly cash dividend from $0.80 to $0.85 per share of common stock. This dividend increase will be effective for quarterly dividends payable after March 21, 2024 and will raise the annualized dividend payout to $3.40 per share of common stock.
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.
Qualcomm, Inc. [QCOM] stock has fluctuated between $101.47 and $167.83 over the past year. Currently, Wall Street analysts expect the stock to reach $166.17 within the next 12 months. Qualcomm, Inc. [NASDAQ: QCOM] shares were valued at $167.89 at the most recent close of the market. An investor can expect a potential drop of -1.02% based on the average QCOM price forecast.
Analyzing the QCOM fundamentals
Qualcomm, Inc. [NASDAQ:QCOM] reported sales of 36.29B for the trailing twelve months, which represents a growth of 4.99%. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.21%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 0.37 and Total Capital is 0.19. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.67.
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 165.06 points at the first support level, and at 162.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 169.98, and for the 2nd resistance point, it is at 172.08.
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
For context, Qualcomm, Inc.’s Current Ratio is 2.56. In addition, the Quick Ratio stands at 1.88 and the Cash Ratio stands at 0.89. Considering the valuation of this stock, the price to sales ratio is 5.16, the price to book ratio is 8.14 and price to earnings (TTM) ratio is 24.33.
Transactions by insiders
Recent insider trading involved MARTIN NEIL, SVP, Finance and CAO, that happened on Mar 05 ’24 when 689.0 shares were sold. President & CEO, AMON CRISTIANO R completed a deal on Mar 01 ’24 to sell 8100.0 shares. Meanwhile, Chief Technology Officer THOMPSON JAMES H sold 8000.0 shares on Mar 01 ’24.
