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Qualcomm, Inc. (QCOM) Is Up 43.21% in 2024 With Lots of Room to Run

Qualcomm, Inc. (NASDAQ: QCOM) is 43.21% higher on its value in year-to-date trading and has touched a low of $104.33 and a high of $230.63 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 $207.89 in the last trading session, with the day’s loss setting it -0.77%.

Currently trading at $207.12, the stock is -0.49% and 4.75% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.27 million and changing -0.37% at the moment leaves the stock 33.52% off its SMA200. QCOM registered 78.64% gain for a year compared to 6-month gain of 51.48%.

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The stock witnessed a -1.11% loss in the last 1 month and extending the period to 3 months gives it a 19.30%, and is 3.54% 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 1.85% over the week and 2.68% over the month.

Qualcomm, Inc. (QCOM) has around 50000 employees, a market worth around $231.15B and $36.41B in sales. Current P/E ratio is 27.83 and Fwd P/E is 18.26. Profit margin for the company is 23.03%. Distance from 52-week low is 98.52% and -10.19% from its 52-week high. The company has generated returns on investments over the last 12 months (21.49%).

The EPS is expected to grow by 17.97% this year.

Qualcomm, Inc. (QCOM) Top Institutional Holders

The shares outstanding are 1.11B, and float is at 1.11B with Short Float at 2.09%.

Qualcomm, Inc. (QCOM) Insider Activity

The most recent transaction is an insider sale by Palkhiwala Akash J.,the company’sCFO & COO. SEC filings show that Palkhiwala Akash J. sold 3,000 shares of the company’s common stock on Jul 05 ’24 at a price of $205.61 per share for a total of $0.62 million. Following the sale, the insider now owns 60343.0 shares.

Qualcomm, Inc. disclosed in a document filed with the SEC on Jul 01 ’24 that THOMPSON JAMES H (Chief Technology Officer) sold a total of 8,000 shares of the company’s common stock. The trade occurred on Jul 01 ’24 and was made at $199.47 per share for $1.6 million. Following the transaction, the insider now directly holds 0.24 million shares of the QCOM stock.

Still, SEC filings show that on Jun 03 ’24, THOMPSON JAMES H (Chief Technology Officer) disposed off 8,000 shares at an average price of $209.61 for $1.68 million. The insider now directly holds 245,893 shares of Qualcomm, Inc. (QCOM).

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