QUALCOMM Incorporated [NASDAQ: QCOM] closed the trading session at $138.80 on 04/30/21. The day’s price range saw the stock hit a low of $138.26, while the highest price level was $142.09. The company report on April 29, 2021 that Qualcomm Earnings Release Available on Company’s Investor Relations Website.
Qualcomm Incorporated (NASDAQ: QCOM) announced the Company’s financial results for its second quarter of fiscal 2021 through an earnings release that is available on the Qualcomm Investor Relations website at http://investor.qualcomm.com/results.cfm. The earnings release will also be furnished to the Securities and Exchange Commission (SEC) on a Form 8-K and will be available on the SEC website at http://www.sec.gov.
As previously announced, Qualcomm will host a conference call to discuss its fiscal second quarter results which will be broadcast live on April 28, 2021, beginning at 1:45 p.m. Pacific Time (PT) at http://investor.qualcomm.com/events.cfm. An audio replay will be available at http://investor.qualcomm.com/events.cfm and via telephone following the live call for 30 days thereafter. To listen to the replay via telephone, U.S. callers may dial (877) 660-6853 and international callers may dial (201) 612-7415. Callers should use reservation number 13718356.
The stocks have a year to date performance of -8.89 percent and weekly performance of 2.49 percent. The stock has been moved at 14.16 percent over the last six months. The stock has performed 4.68 percent around the most recent 30 days and changed -11.19 percent over the most recent 3-months.
If compared to the average trading volume of 11.49M shares, QCOM reached to a volume of 11374595 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $171.89 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.
Susquehanna have made an estimate for QUALCOMM Incorporated shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 19, 2021. While these analysts kept the previous recommendation, Evercore ISI dropped their target price from $195 to $150. The new note on the price target was released on April 12, 2021, representing the official price target for QUALCOMM Incorporated stock. Previously, the target price had yet another raise from $150 to $160, while Piper Sandler kept a Overweight rating on QCOM stock.
The Average True Range (ATR) for QUALCOMM Incorporated is set at 3.80, with the Price to Sales ratio for QCOM stock in the period of the last 12 months amounting to 6.03. The Price to Book ratio for the last quarter was 21.19, with the Price to Cash per share for the same quarter was set at 9.94. Price to Free Cash Flow for QCOM in the course of the last twelve months was 31.93 with Quick ratio for the last quarter at 1.70.
QCOM stock trade performance evaluation
QUALCOMM Incorporated [QCOM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.49. With this latest performance, QCOM shares gained by 4.68% in over the last four-week period, additionally plugging by 14.16% over the last 6 months – not to mention a rise of 76.43% 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 52.91, with the RSI for the last a single of trading hit 53.69, and the three-weeks RSI is set at 51.69 for QUALCOMM Incorporated [QCOM]. The present Moving Average for the last 50 days of trading for this stock 134.81, while it was recorded at 139.00 for the last single week of trading, and 132.58 for the last 200 days.
QUALCOMM Incorporated [QCOM]: An insightful look at the core fundamentals
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 1.70 and a Current Ratio set at 2.00.
Earnings per share (EPS) analysis for QUALCOMM Incorporated [QCOM] stock
With the latest financial reports released by the company, QUALCOMM Incorporated posted 0.86/share EPS, while the average EPS was predicted by analysts to be reported at 0.71/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 21.10%. 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 27.29%.
QUALCOMM Incorporated [QCOM]: Insider Ownership positions
There are presently around $119,256 million, or 77.30% 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 0.13% of the total institutional ownership; BLACKROCK INC., holding 79,999,443 shares of the stock with an approximate value of $11.1 billion in QCOM stocks shares; and FMR LLC, currently with $7.91 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 April and at the time of the April reporting period, where 1,147 institutional holders increased their position in QUALCOMM Incorporated [NASDAQ:QCOM] by around 58,661,239 shares. Additionally, 867 investors decreased positions by around 60,542,647 shares, while 218 investors held positions by with 739,990,279 shares. The mentioned changes placed institutional holdings at 859,194,165 shares, according to the latest SEC report filing. QCOM stock had 279 new institutional investments in for a total of 6,490,953 shares, while 113 institutional investors sold positions of 3,466,437 shares during the same period.