QUALCOMM Incorporated [NASDAQ: QCOM] stock went on an upward path that rose over 1.45% on Friday, amounting to a one-week price decrease of less than -3.74%. Over the last 12 months, QCOM stock rose by 21.89%. The one-year QUALCOMM Incorporated stock forecast points to a potential upside of 6.07. The average equity rating for QCOM stock is currently 2.20, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $94.52 billion, with 1.14 billion shares outstanding and 1.12 billion shares in the current float. Compared to the average trading volume of 11.42M shares, QCOM stock reached a trading volume of 9867791 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Guru’s Opinion on QUALCOMM Incorporated [QCOM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for QCOM shares is $90.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on QCOM stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Rosenblatt have made an estimate for QUALCOMM Incorporated shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 05, 2020. The new note on the price target was released on May 28, 2020, representing the official price target for QUALCOMM Incorporated stock. Previously, the target price had yet another raise to $70, while Wells Fargo analysts kept a Underweight rating on QCOM stock. On April 17, 2020, analysts decreased their price target for QCOM shares from 77 to 61.
The Average True Range (ATR) for QUALCOMM Incorporated is set at 3.26, with the Price to Sales ratio for QCOM stock in the period of the last 12 months amounting to 4.72. The Price to Book ratio for the last quarter was 31.93, with the Price to Cash per share for the same quarter was set at 8.97. Price to Free Cash Flow for QCOM in the course of the last twelve months was 22.24 with Quick ratio for the last quarter at 1.40.
QCOM Stock Performance Analysis:
QUALCOMM Incorporated [QCOM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.74. With this latest performance, QCOM shares gained by 9.28% in over the last four-week period, additionally sinking by -2.01% over the last 6 months – not to mention a rise of 21.89% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for QCOM stock in for the last two-week period is set at 54.61, with the RSI for the last a single of trading hit 52.54, and the three-weeks RSI is set at 55.05 for QUALCOMM Incorporated [QCOM]. The present Moving Average for the last 50 days of trading for this stock 78.34, while it was recorded at 88.28 for the last single week of trading, and 81.02 for the last 200 days.
Insight into QUALCOMM Incorporated Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and QUALCOMM Incorporated [QCOM] shares currently have an operating margin of +33.29 and a Gross Margin at +64.59. QUALCOMM Incorporated’s Net Margin is presently recorded at +18.07.
Return on Total Capital for QCOM is now 42.38, given the latest momentum, and Return on Invested Capital for the company is 25.32. Return on Equity for this stock inclined to 150.28, with Return on Assets sitting at 13.36. When it comes to the capital structure of this company, QUALCOMM Incorporated [QCOM] has a Total Debt to Total Equity ratio set at 324.57. Additionally, QCOM Total Debt to Total Capital is recorded at 76.45, with Total Debt to Total Assets ending up at 48.34. Long-Term Debt to Equity for the company is recorded at 273.72, with the Long-Term Debt to Total Capital now at 64.47.
Reflecting on the efficiency of the workforce at the company, QUALCOMM Incorporated [QCOM] managed to generate an average of $118,541 per employee. Receivables Turnover for the company is 9.03 with a Total Asset Turnover recorded at a value of 0.74.QUALCOMM Incorporated’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 1.60.
QCOM Stock EPS
With the latest financial reports released by the company, QUALCOMM Incorporated posted 0.8/share EPS, while the average EPS was predicted by analysts to be reported at 0.75/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 6.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for QCOM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for QUALCOMM Incorporated go to 25.68%.
QUALCOMM Incorporated [QCOM] Insider Position Details
There are presently around $72,706 million, or 77.60% of QCOM stock, in the hands of institutional investors. The top three institutional holders of QCOM stocks are: VANGUARD GROUP INC with ownership of 98,321,325, which is approximately 2.441% of the company’s market cap and around 0.12% of the total institutional ownership; BLACKROCK INC., holding 79,718,392 shares of the stock with an approximate value of $6.8 billion in QCOM stocks shares; and FMR LLC, currently with $5.03 billion in QCOM stock with ownership of nearly 4.995% of the company’s market capitalization.
Positions in QUALCOMM Incorporated stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 848 institutional holders increased their position in QUALCOMM Incorporated [NASDAQ:QCOM] by around 53,591,318 shares. Additionally, 805 investors decreased positions by around 85,528,909 shares, while 163 investors held positions by with 713,839,167 shares. The mentioned changes placed institutional holdings at 852,959,394 shares, according to the latest SEC report filing. QCOM stock had 168 new institutional investments in for a total of 6,949,464 shares, while 183 institutional investors sold positions of 6,719,660 shares during the same period.