QUALCOMM Incorporated [NASDAQ: QCOM] stock went on a downward path that fall over -0.95% on Monday, amounting to a one-week price increase of more than 3.39%. The company report on July 22, 2021 that Qualcomm Wireless Reach’s mWomen Programs.
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Over the last 12 months, QCOM stock rose by 61.44%. The one-year QUALCOMM Incorporated stock forecast points to a potential upside of 16.23. The average equity rating for QCOM stock is currently 2.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $159.14 billion, with 1.13 billion shares outstanding and 1.13 billion shares in the current float. Compared to the average trading volume of 8.10M shares, QCOM stock reached a trading volume of 6166335 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $171.30 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.
Canaccord Genuity have made an estimate for QUALCOMM Incorporated shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 22, 2021. While these analysts kept the previous recommendation, Goldman raised their target price from $136 to $148. The new note on the price target was released on July 19, 2021, representing the official price target for QUALCOMM Incorporated stock. On April 12, 2021, analysts decreased their price target for QCOM shares from 195 to 150.
The Average True Range (ATR) for QUALCOMM Incorporated is set at 2.83, with the Price to Sales ratio for QCOM stock in the period of the last 12 months amounting to 5.41. The Price to Book ratio for the last quarter was 21.91, with the Price to Cash per share for the same quarter was set at 10.39. Price to Free Cash Flow for QCOM in the course of the last twelve months was 31.57 with Quick ratio for the last quarter at 1.70.
QCOM Stock Performance Analysis:
QUALCOMM Incorporated [QCOM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.39. With this latest performance, QCOM shares gained by 4.05% in over the last four-week period, additionally sinking by -12.71% over the last 6 months – not to mention a rise of 61.44% 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 58.30, with the RSI for the last a single of trading hit 59.08, and the three-weeks RSI is set at 57.21 for QUALCOMM Incorporated [QCOM]. The present Moving Average for the last 50 days of trading for this stock 136.81, while it was recorded at 142.51 for the last single week of trading, and 140.17 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 +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.
QCOM Stock EPS
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 Position Details
There are presently around $119,458 million, or 75.10% of QCOM stock, in the hands of institutional investors. The top three institutional holders of QCOM stocks are: VANGUARD GROUP INC with ownership of 102,857,042, which is approximately -0.733% of the company’s market cap and around 0.13% of the total institutional ownership; BLACKROCK INC., holding 83,599,923 shares of the stock with an approximate value of $12.0 billion in QCOM stocks shares; and FMR LLC, currently with $7.47 billion in QCOM stock with ownership of nearly -8.648% of the company’s market capitalization.
Positions in QUALCOMM Incorporated stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 1,141 institutional holders increased their position in QUALCOMM Incorporated [NASDAQ:QCOM] by around 55,292,683 shares. Additionally, 904 investors decreased positions by around 83,115,780 shares, while 244 investors held positions by with 694,051,876 shares. The mentioned changes placed institutional holdings at 832,460,339 shares, according to the latest SEC report filing. QCOM stock had 172 new institutional investments in for a total of 3,735,575 shares, while 175 institutional investors sold positions of 5,988,008 shares during the same period.