Qualcomm, Inc. [QCOM] stock is trading at $164.95, up 5.66%. 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 0.58% over the last week, with a monthly amount drifted -21.00%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Qualcomm, Inc. [NASDAQ: QCOM] stock has seen the most recent analyst activity on August 02, 2024, when DZ Bank upgraded its rating to a Buy but kept the price target unchanged to $210 for it. Previously, HSBC Securities downgraded its rating to Hold on July 17, 2024, and kept the price target unchanged to $200. On June 04, 2024, TD Cowen reiterated its Buy rating and revised its price target to $235 on the stock. BofA Securities reiterated its Buy rating and increased its price target to $245 on May 31, 2024. The Benchmark Company initiated its recommendation with a Buy and recommended $200 as its price target on April 23, 2024. Evercore ISI started tracking with a In-line rating for this stock on April 16, 2024, and assigned it a price target of $177. In a note dated February 01, 2024, TD Cowen reiterated an Outperform rating on this stock and boosted its target price from $160 to $170.
Qualcomm, Inc. [QCOM] stock has fluctuated between $104.33 and $230.63 over the past year. Currently, Wall Street analysts expect the stock to reach $186.74 within the next 12 months. Qualcomm, Inc. [NASDAQ: QCOM] shares were valued at $164.95 at the most recent close of the market. An investor can expect a potential return of 13.21% based on the average QCOM price forecast.
Analyzing the QCOM fundamentals
Qualcomm, Inc. [NASDAQ:QCOM] reported sales of 37.35B for the trailing twelve months, which represents a growth of 11.15%. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at 0.24%, Pretax Profit Margin comes in at 0.25%, and Net Profit Margin reading is 0.23%. To continue investigating profitability, this company’s Return on Assets is posted at 0.17, Equity is 0.37 and Total Capital is 0.21. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.59.
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 160.02 points at the first support level, and at 155.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 167.74, and for the 2nd resistance point, it is at 170.52.
Ratios To Look Out For
For context, Qualcomm, Inc.’s Current Ratio is 2.39. In addition, the Quick Ratio stands at 1.78 and the Cash Ratio stands at 0.8. Considering the valuation of this stock, the price to sales ratio is 4.92, the price to book ratio is 7.46 and price to earnings (TTM) ratio is 21.38.
Transactions by insiders
Recent insider trading involved Akash Palkhiwala, Chief Financial Officer, that happened on Aug 08 ’24 when 3000.0 shares were purchased. Officer, JAMES H THOMPSON completed a deal on Aug 02 ’24 to buy 8000.0 shares. Meanwhile, Chief Technology Officer THOMPSON JAMES H sold 8000.0 shares on Aug 02 ’24.
