QUALCOMM Incorporated (NASDAQ: QCOM) is 9.61% higher on its value in year-to-date trading and has touched a low of $101.93 and a high of $161.30 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The QCOM stock was last observed hovering at around $115.49 in the last trading session, with the day’s gains setting it 5.02% off its average median price target of $150.00 for the next 12 months. It is also 29.11% off the consensus price target high of $170.00 offered by 32 analysts, but current levels are 3.59% higher than the price target low of $125.00 for the same period.
Currently trading at $120.51, the stock is -1.58% and -3.22% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.2 million and changing 4.35% at the moment leaves the stock -5.23% off its SMA200. QCOM registered -16.43% loss for a year compared to 6-month gain of -5.50%.
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The stock witnessed a -8.94% loss in the last 1 month and extending the period to 3 months gives it a -2.41%, and is 2.81% 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 3.11% over the week and 2.63% over the month.
QUALCOMM Incorporated (QCOM) has around 51000 employees, a market worth around $136.74B and $42.96B in sales. Current P/E ratio is 11.52 and Fwd P/E is 10.55. Profit margin for the company is 27.40%. Distance from 52-week low is 18.23% and -25.29% from its 52-week high. The company has generated returns on investments over the last 12 months (41.20%).
QUALCOMM Incorporated (QCOM) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for QUALCOMM Incorporated (QCOM) is a “Overweight”. 32 analysts offering their recommendations for the stock have an average rating of 2.20, where 10 rate it as a Hold and 3 think it is a “Overweight”. 18 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 04/26/2023.The EPS is expected to grow by 45.10% this year
QUALCOMM Incorporated (QCOM) Top Institutional Holders
The shares outstanding are 1.12B, and float is at 1.11B with Short Float at 0.79%.
QUALCOMM Incorporated (QCOM) Insider Activity
A total of 72 insider transactions have happened at QUALCOMM Incorporated (QCOM) in the last six months, with sales accounting for 36 and purchases happening 36 times. The most recent transaction is an insider sale by Henderson Jeffrey William, the company’s Director. SEC filings show that Henderson Jeffrey William sold 2,500 shares of the company’s common stock on Feb 23 at a price of $124.19 per share for a total of $0.31 million. Following the sale, the insider now owns 2105.0 shares.
QUALCOMM Incorporated disclosed in a document filed with the SEC on Feb 22 that Henderson Jeffrey William (Director) sold a total of 2,500 shares of the company’s common stock. The trade occurred on Feb 22 and was made at $124.05 per share for $0.31 million. Following the transaction, the insider now directly holds 4605.0 shares of the QCOM stock.
Still, SEC filings show that on Feb 16, THOMPSON JAMES H (Chief Technology Officer) disposed off 9,999 shares at an average price of $131.80 for $1.32 million. The insider now directly holds 269,238 shares of QUALCOMM Incorporated (QCOM).
QUALCOMM Incorporated (QCOM): Who are the competitors?
The company’s main competitors (and peers) include NVIDIA Corporation (NVDA) that is trading 11.18% up over the past 12 months. Broadcom Inc. (AVGO) is 7.38% up on the 1-year trading charts.