QUALCOMM Incorporated [NASDAQ: QCOM] loss -0.88% or -1.16 points to close at $130.11 with a heavy trading volume of 7060810 shares. The company report on March 16, 2021 that Qualcomm Completes Acquisition of NUVIA.
Qualcomm Incorporated (NASDAQ: QCOM) announced that its subsidiary, Qualcomm Technologies, Inc., has completed its acquisition of the world-class CPU and technology design company, NUVIA for $1.4 billion before working capital and other adjustments.
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“The world-class NUVIA team enhances our CPU roadmap, extending Qualcomm’s leading technology position with the Windows, Android and Chrome ecosystems,” said Cristiano Amon, President and CEO-Elect, Qualcomm Incorporated. “The broad support of this acquisition from across industries validates the opportunity we have to provide differentiated products with leading CPU performance and power efficiency, as on-demand computing increases in the 5G era.”.
It opened the trading session at $130.17, the shares rose to $131.24 and dropped to $129.065, the range by which the price of stock traded the whole day. The daily chart for QCOM points out that the company has recorded 9.83% gains over the past six months. However, it is still -101.56% lower than its most recent low trading price.
If we look at the average trading volume of 10.67M shares, QCOM reached to a volume of 7060810 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about 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 $172.16 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 2.00. 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.
Piper Sandler have made an estimate for QUALCOMM Incorporated shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on March 04, 2021. The new note on the price target was released on February 04, 2021, representing the official price target for QUALCOMM Incorporated stock. Previously, the target price had yet another raise from $150 to $190, while Raymond James kept a Strong Buy rating on QCOM stock.
The Average True Range (ATR) for QUALCOMM Incorporated is set at 4.45, with the Price to Sales ratio for QCOM stock in the period of the last 12 months amounting to 5.30. The Price to Book ratio for the last quarter was 19.99, with the Price to Cash per share for the same quarter was set at 11.31. Price to Free Cash Flow for QCOM in the course of the last twelve months was 41.85 with Quick ratio for the last quarter at 1.90.
Trading performance analysis for QCOM stock
QUALCOMM Incorporated [QCOM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.82. With this latest performance, QCOM shares dropped by -6.72% in over the last four-week period, additionally plugging by 9.83% over the last 6 months – not to mention a rise of 88.48% 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 44.47, with the RSI for the last a single of trading hit 45.91, and the three-weeks RSI is set at 43.92 for QUALCOMM Incorporated [QCOM]. The present Moving Average for the last 50 days of trading for this stock 142.32, while it was recorded at 129.77 for the last single week of trading, and 127.43 for the last 200 days.
QUALCOMM Incorporated [QCOM]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and QUALCOMM Incorporated [QCOM] shares currently have an operating margin of +26.46 and a Gross Margin at +60.67. QUALCOMM Incorporated’s Net Margin is presently recorded at +22.09.
Return on Total Capital for QCOM is now 28.78, given the latest momentum, and Return on Invested Capital for the company is 25.90. Return on Equity for this stock inclined to 94.63, with Return on Assets sitting at 15.17. When it comes to the capital structure of this company, QUALCOMM Incorporated [QCOM] has a Total Debt to Total Equity ratio set at 269.23. Additionally, QCOM Total Debt to Total Capital is recorded at 72.92, with Total Debt to Total Assets ending up at 45.97. Long-Term Debt to Equity for the company is recorded at 258.57, with the Long-Term Debt to Total Capital now at 70.03.
Reflecting on the efficiency of the workforce at the company, QUALCOMM Incorporated [QCOM] managed to generate an average of $126,780 per employee. Receivables Turnover for the company is 7.27 with a Total Asset Turnover recorded at a value of 0.69.QUALCOMM Incorporated’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.90 and a Current Ratio set at 2.10.
QUALCOMM Incorporated [QCOM]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, QUALCOMM Incorporated posted 0.88/share EPS, while the average EPS was predicted by analysts to be reported at 0.78/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 12.80%. 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 24.48%.
An analysis of insider ownership at QUALCOMM Incorporated [QCOM]
There are presently around $112,125 million, or 77.40% of QCOM stock, in the hands of institutional investors. The top three institutional holders of QCOM stocks are: VANGUARD GROUP INC with ownership of 103,616,214, which is approximately 0.12% of the company’s market cap and around 0.14% of the total institutional ownership; BLACKROCK INC., holding 79,999,443 shares of the stock with an approximate value of $10.41 billion in QCOM stocks shares; and FMR LLC, currently with $7.41 billion in QCOM stock with ownership of nearly 3.367% of the company’s market capitalization.
Positions in QUALCOMM Incorporated stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 1,143 institutional holders increased their position in QUALCOMM Incorporated [NASDAQ:QCOM] by around 59,128,868 shares. Additionally, 860 investors decreased positions by around 59,371,763 shares, while 215 investors held positions by with 743,269,565 shares. The mentioned changes placed institutional holdings at 861,770,196 shares, according to the latest SEC report filing. QCOM stock had 345 new institutional investments in for a total of 7,636,805 shares, while 75 institutional investors sold positions of 2,388,734 shares during the same period.