Qualcomm, Inc (NASDAQ: QCOM) is 8.50% higher on its value in year-to-date trading and has touched a low of $125.67 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 $158.82 in the last trading session, with the day’s loss setting it -1.89%.
Currently trading at $156.93, the stock is -4.07% and -6.27% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.4 million and changing -1.19% at the moment leaves the stock -11.01% off its SMA200. QCOM registered 22.41% gain for a year compared to 6-month loss of -24.65%. The firm has a 50-day simple moving average (SMA 50) of $167.6698 and a 200-day simple moving average (SMA200) of $176.32745.
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The stock witnessed a -8.88% gain in the last 1 month and extending the period to 3 months gives it a -8.68%, and is -4.72% down 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 3.32% over the week and 3.05% over the month.
Qualcomm, Inc (QCOM) has around 49000 employees, a market worth around $174.35B and $38.96B in sales. Current P/E ratio is 17.48 and Fwd P/E is 12.70. Profit margin for the company is 26.03%. Distance from 52-week low is 24.87% and -31.96% from its 52-week high. The company has generated returns on investments over the last 12 months (25.20%).
The EPS is expected to grow by 9.95% this year.
Qualcomm, Inc (QCOM) Top Institutional Holders
3506.0 institutions hold shares in Qualcomm, Inc (QCOM), with institutional investors hold 80.19% of the company’s shares. The shares outstanding are 1.11B, and float is at 1.11B with Short Float at 2.10%. Institutions hold 80.11% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 112.07 million shares valued at $22.32 billion. The investor’s holdings represent 10.0332% of the QCOM Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 95.88 million shares valued at $19.1 billion to account for 8.5836 of the shares outstanding. The other top investors are STATE STREET CORP which holds 50.75 million shares representing 4.543% and valued at over $10.11 billion, while GEODE CAPITAL MANAGEMENT, LLC holds 2.2506 of the shares totaling 25.14 million with a market value of $5.0 billion.
Qualcomm, Inc (QCOM) Insider Activity
The most recent transaction is an insider sale by MARTIN NEIL, the company’s SVP, Finance and CAO. SEC filings show that MARTIN NEIL sold 1,304 shares of the company’s common stock on Nov 21 ’24 at a price of $155.00 per share for a total of $0.2 million. Following the sale, the insider now owns 94.0 shares.
Still, SEC filings show that on Nov 14 ’24, Palkhiwala Akash J. (CFO & COO) disposed off 3,000 shares at an average price of $163.78 for $0.49 million. The insider now directly holds 51,778 shares of Qualcomm, Inc (QCOM).
