Qualcomm, Inc (NASDAQ: QCOM) is 3.85% higher on its value in year-to-date trading and has touched a low of $137.35 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 $157.13 in the last trading session, with the day’s gains setting it 2.4%.
Currently trading at $159.53, the stock is 1.71% and -0.29% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.46 million and changing 1.53% at the moment leaves the stock -9.13% off its SMA200. QCOM registered 14.75% gain for a year compared to 6-month loss of -23.37%. The firm has a 50-day simple moving average (SMA 50) of $160.1592 and a 200-day simple moving average (SMA200) of $175.60895.
The stock witnessed a -0.19% gain in the last 1 month and extending the period to 3 months gives it a -6.15%, and is -0.20% 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 2.19% over the week and 2.49% over the month.
Qualcomm, Inc (QCOM) has around 49000 employees, a market worth around $177.24B and $38.96B in sales. Current P/E ratio is 17.77 and Fwd P/E is 12.97. Profit margin for the company is 26.03%. Distance from 52-week low is 16.15% and -30.83% from its 52-week high. The company has generated returns on investments over the last 12 months (25.20%).
with sales reaching $10.87B over the same period.The EPS is expected to grow by 9.95% this year, but quarterly earnings will post 9.03% year-over-year. Quarterly sales are estimated to grow 9.57% in year-over-year returns.
Qualcomm, Inc (QCOM) Top Institutional Holders
3505.0 institutions hold shares in Qualcomm, Inc (QCOM), with institutional investors hold 80.31% of the company’s shares. The shares outstanding are 1.11B, and float is at 1.11B with Short Float at 2.26%. Institutions hold 80.22% 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 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 Jan 02 ’25 at a price of $154.62 per share for a total of $0.46 million. Following the sale, the insider now owns 66021.0 shares.
Still, SEC filings show that on Dec 16 ’24, CHAPLIN ANN C (General Counsel&Corp Secretary) disposed off 2,587 shares at an average price of $158.12 for $0.41 million. The insider now directly holds 19,739 shares of Qualcomm, Inc (QCOM).
