Why should you buy stock in QUALCOMM Incorporated (QCOM)?

QUALCOMM Incorporated (NASDAQ: QCOM) is 2.21% higher on its value in year-to-date trading and has touched a low of $58.00 and a high of $161.07 in the current 52-week trading range. The QCOM stock was last observed hovering at around $151.19 in the last trading session, with the day’s gains setting it 4.51% off its average median price target of $167.50 for the next 12 months. It is also 22.15% off the consensus price target high of $200.00 offered by 28 analysts, but current levels are -39.02% lower than the price target low of $112.00 for the same period.

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Currently trading at $155.70, the stock is 3.95% and 7.58% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.54 million and changing 2.98% at the moment leaves the stock 43.80% off its SMA200. QCOM registered 75.52% gain for a year compared to 6-month gain of 66.97%. The firm has a 50-day simple moving average (SMA 50) of $149.33 and a 200-day simple moving average (SMA200) of $121.93.

The stock witnessed a -1.47% loss in the last 1 month and extending the period to 3 months gives it a 26.55%, and is 3.83% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.12% over the week and 2.71% over the month.

QUALCOMM Incorporated (QCOM) has around 41000 employees, a market worth around $173.33B and $23.53B in sales. Current P/E ratio is 34.38 and Fwd P/E is 19.59. Profit margin for the company is 22.10%. Distance from 52-week low is 168.45% and -3.33% from its 52-week high. The company has generated returns on investments over the last 12 months (24.30%).

QUALCOMM Incorporated (QCOM) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for QUALCOMM Incorporated (QCOM) is a “Overweight”. 28 analysts offering their recommendations for the stock have an average rating of 2.00, where 7 rate it as a Hold and 2 think it is a “Overweight”. 17 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

QUALCOMM Incorporated is expected to release its quarterly report on 04/28/2021 and quarterly earnings per share for the current quarter are estimated at $2.08 with sales reaching $8.23B over the same period.The EPS is expected to grow by 25.80% this year, but quarterly earnings will post 39.70% year-over-year. Quarterly sales are estimated to grow 62.80% in year-over-year returns.

QUALCOMM Incorporated (QCOM) Top Institutional Holders

2,411 institutions hold shares in QUALCOMM Incorporated (QCOM), with 1.56M shares held by insiders accounting for 0.14% while institutional investors hold 77.75% of the company’s shares. Institutions hold 77.64% of the Float.

The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 103.49 million shares valued at $12.18 billion. The investor’s holdings represent 9.15% of the QCOM Shares outstanding. As of Sep 29, 2020, the second largest holder is Blackrock Inc. with 75.78 million shares valued at $8.92 billion to account for 6.70% of the shares outstanding. The other top investors are FMR, LLC which holds 55.1 million shares representing 4.87% and valued at over $6.48 billion, while Price (T.Rowe) Associates Inc holds 4.33% of the shares totaling 48.94 million with a market value of $5.76 billion.

QUALCOMM Incorporated (QCOM) Insider Activity

A total of 97 insider transactions have happened at QUALCOMM Incorporated (QCOM) in the last six months, with sales accounting for 53 and purchases happening 44 times. The most recent transaction is an insider sale by AMON CRISTIANO R, the company’s President. SEC filings show that AMON CRISTIANO R sold 73,220 shares of the company’s common stock on Dec 16 at a price of $148.72 per share for a total of $10.89 million. Following the sale, the insider now owns 50753.0 shares.

QUALCOMM Incorporated disclosed in a document filed with the SEC on Dec 08 that Rosenberg Donald J (EVP & General Counsel) sold a total of 49,362 shares of the company’s common stock. The trade occurred on Dec 08 and was made at $157.70 per share for $7.78 million. Following the transaction, the insider now directly holds 0.0 shares of the QCOM stock.

Still, SEC filings show that on Dec 08, ROGERS ALEXANDER H (EVP & President, QTL) disposed off 35,102 shares at an average price of $157.17 for $5.52 million. The insider now directly holds 26,846 shares of QUALCOMM Incorporated (QCOM).

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QUALCOMM Incorporated (QCOM): Who are the competitors?

The company’s main competitors (and peers) include NVIDIA Corporation (NVDA) that is trading 122.05% up over the past 12 months. Texas Instruments Incorporated (TXN) is 29.42% up on the 1-year trading charts. Short interest in the company’s stock has risen 8.54% from the last report on Nov 12, 2020 to stand at a total of 15.63 million short shares sold with a short interest ratio of 1.85.

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