Qualcomm, Inc. (NASDAQ: QCOM) is 19.00% 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 $174.26 in the last trading session, with the day’s loss setting it -2.15%.
Currently trading at $172.11, the stock is 1.21% and -10.02% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.19 million and changing -1.23% at the moment leaves the stock 3.88% off its SMA200. QCOM registered 56.32% gain for a year compared to 6-month gain of 13.26%.
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The stock witnessed a -11.72% loss in the last 1 month and extending the period to 3 months gives it a -12.97%, and is 1.56% 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 2.75% over the week and 4.21% over the month.
Qualcomm, Inc. (QCOM) has around 50000 employees, a market worth around $191.73B and $37.35B in sales. Current P/E ratio is 22.31 and Fwd P/E is 15.40. Profit margin for the company is 23.32%. Distance from 52-week low is 64.96% and -25.37% from its 52-week high. The company has generated returns on investments over the last 12 months (23.01%).
The EPS is expected to grow by 19.20% this year.
Qualcomm, Inc. (QCOM) Top Institutional Holders
3576.0 institutions hold shares in Qualcomm, Inc. (QCOM), with institutional investors hold 80.57% of the company’s shares. The shares outstanding are 1.11B, and float is at 1.11B with Short Float at 2.72%. Institutions hold 80.48% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 111.2 million shares valued at $18.83 billion. The investor’s holdings represent 9.9548 of the QCOM Shares outstanding. As of 2024-03-31, the second largest holder is BLACKROCK INC. with 93.74 million shares valued at $15.87 billion to account for 8.3918 of the shares outstanding. The other top investors are STATE STREET CORP which holds 50.39 million shares representing 4.5108 and valued at over $8.53 billion, while PRICE T ROWE ASSOCIATES INC /MD/ holds 2.2099 of the shares totaling 24.68 million with a market value of $4.18 billion.
Qualcomm, Inc. (QCOM) Insider Activity
The most recent transaction is an insider sale by Palkhiwala Akash J., the company’s CFO & COO. SEC filings show that Palkhiwala Akash J. sold 3,000 shares of the company’s common stock on Aug 08 ’24 at a price of $162.89 per share for a total of $0.49 million. Following the sale, the insider now owns 57437.0 shares.
Qualcomm, Inc. disclosed in a document filed with the SEC on Aug 08 ’24 that THOMPSON JAMES H (Chief Technology Officer) sold a total of 4,539 shares of the company’s common stock. The trade occurred on Aug 08 ’24 and was made at $164.40 per share for $0.75 million. Following the transaction, the insider now directly holds 0.0 shares of the QCOM stock.
Still, SEC filings show that on Aug 08 ’24, Akash Palkhiwala (Chief Financial Officer) Proposed Sale 3,000 shares at an average price of $164.95 for $0.49 million. The insider now directly holds shares of Qualcomm, Inc. (QCOM).
