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Qualcomm, Inc. (QCOM): These Numbers Show Where NASDAQ:QCOM Stock Is Going Next

Qualcomm, Inc. (NASDAQ: QCOM) is 18.26% higher on its value in year-to-date trading and has touched a low of $101.47 and a high of $177.59 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 $171.72 in the last trading session, with the day’s loss setting it -0.68%.

Currently trading at $171.04, the stock is 1.34% and 7.91% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.43 million and changing -0.40% at the moment leaves the stock 30.88% off its SMA200. QCOM registered 34.25% gain for a year compared to 6-month gain of 54.01%. The firm has a 50-day simple moving average (SMA 50) of $5.35 and a 200-day simple moving average (SMA200) of $18.36.

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The stock witnessed a 4.87% loss in the last 1 month and extending the period to 3 months gives it a 18.26%, and is 2.10% 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 1.61% over the week and 2.17% over the month.

Qualcomm, Inc. (QCOM) has around 50000 employees, a market worth around $190.88B and $36.29B in sales. Current P/E ratio is 24.79 and Fwd P/E is 15.52. Profit margin for the company is 21.39%. Distance from 52-week low is 68.56% and -3.69% from its 52-week high. The company has generated returns on investments over the last 12 months (20.63%).

Qualcomm, Inc. quarterly earnings per share for the current quarter are estimated at $2.31 with sales reaching $9.31B over the same period.The EPS is expected to grow by 17.20% this year, but quarterly earnings will post 6.40% year-over-year.

Qualcomm, Inc. (QCOM) Top Institutional Holders

3,218 institutions hold shares in Qualcomm, Inc. (QCOM), with institutional investors hold 78.59% of the company’s shares. The shares outstanding are 1.11B, and float is at 1.11B with Short Float at 1.82%. Institutions hold 78.49% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 110.23 million shares valued at $13.12 billion. The investor’s holdings represent 10.02% of the QCOM Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 85.09 million shares valued at $10.13 billion to account for 7.74% of the shares outstanding. The other top investors are State Street Corporation which holds 49.04 million shares representing 4.46% and valued at over $5.84 billion, while Geode Capital Management, LLC holds 1.96% of the shares totaling 21.58 million with a market value of $2.57 billion.

Qualcomm, Inc. (QCOM) Insider Activity

The most recent transaction is an insider sale by THOMPSON JAMES H,the company’sChief Technology Officer. SEC filings show that THOMPSON JAMES H sold 8,000 shares of the company’s common stock on Apr 01 ’24 at a price of $168.27 per share for a total of $1.35 million. Following the sale, the insider now owns 0.26 million shares.

Qualcomm, Inc. disclosed in a document filed with the SEC on Mar 07 ’24 that AMON CRISTIANO R (President & CEO) sold a total of 8,100 shares of the company’s common stock. The trade occurred on Mar 07 ’24 and was made at $169.60 per share for $1.37 million. Following the transaction, the insider now directly holds 16200.0 shares of the QCOM stock.

Still, SEC filings show that on Mar 07 ’24, Palkhiwala Akash J. (CFO & COO) disposed off 7,000 shares at an average price of $175.02 for $1.23 million. The insider now directly holds 72,343 shares of Qualcomm, Inc. (QCOM).

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