Wall Street Analyst Reiterated QUALCOMM Incorporated [QCOM]. What else is Wall St. saying

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QUALCOMM Incorporated [NASDAQ: QCOM] stock went on an upward path that rose over 4.71% on Tuesday, amounting to a one-week price increase of more than 1.75%. The company report on December 7, 2021 that Qualcomm Education-as-a-service: Transforming the Digital and Hybrid Classroom and Campus Experience.

Northampton, MA –News Direct– Qualcomm.


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We’re in the midst of an educational revolution. Many schools and universities are shifting from traditional classrooms to a combination of remote study and hybrid learning. Qualcomm Technologies’ customized Education-as-a-Service (EaaS) IoT platform offers educators a new way of thinking about the role technology can play not only in the classroom but on campuses too.

Over the last 12 months, QCOM stock rose by 16.26%. The one-year QUALCOMM Incorporated stock forecast points to a potential upside of 9.94. 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 $206.37 billion, with 1.13 billion shares outstanding and 1.12 billion shares in the current float. Compared to the average trading volume of 10.05M shares, QCOM stock reached a trading volume of 9868151 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 $204.00 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 November 17, 2021. While these analysts kept the previous recommendation, Mizuho raised their target price from $170 to $195. The new note on the price target was released on November 17, 2021, representing the official price target for QUALCOMM Incorporated stock. Previously, the target price had yet another raise from $185 to $210, while KeyBanc Capital Markets kept a Overweight rating on QCOM stock. On November 17, 2021, analysts increased their price target for QCOM shares from 190 to 210.

The Average True Range (ATR) for QUALCOMM Incorporated is set at 6.57, with the Price to Sales ratio for QCOM stock in the period of the last 12 months amounting to 6.15. The Price to Book ratio for the last quarter was 20.83, with the Price to Cash per share for the same quarter was set at 11.05. Price to Free Cash Flow for QCOM in the course of the last twelve months was 36.59 with Quick ratio for the last quarter at 1.40.

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 1.75. With this latest performance, QCOM shares gained by 12.69% in over the last four-week period, additionally plugging by 38.25% over the last 6 months – not to mention a rise of 16.26% 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 66.64, with the RSI for the last a single of trading hit 65.38, and the three-weeks RSI is set at 67.07 for QUALCOMM Incorporated [QCOM]. The present Moving Average for the last 50 days of trading for this stock 150.65, while it was recorded at 177.67 for the last single week of trading, and 140.84 for the last 200 days.

Insight into QUALCOMM Incorporated Fundamentals:

QUALCOMM Incorporated’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 1.70.

QCOM Stock EPS

With the latest financial reports released by the company, QUALCOMM Incorporated posted 2.17/share EPS, while the average EPS was predicted by analysts to be reported at 2.1/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 3.30%. 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 25.62%.

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QUALCOMM Incorporated [QCOM] Insider Position Details

There are presently around $153,004 million, or 74.90% of QCOM stock, in the hands of institutional investors. The top three institutional holders of QCOM stocks are: VANGUARD GROUP INC with ownership of 103,694,686, which is approximately 0.833% of the company’s market cap and around 0.13% of the total institutional ownership; BLACKROCK INC., holding 78,059,598 shares of the stock with an approximate value of $14.34 billion in QCOM stocks shares; and STATE STREET CORP, currently with $8.75 billion in QCOM stock with ownership of nearly 0.241% of the company’s market capitalization.

1,126 institutional holders increased their position in QUALCOMM Incorporated [NASDAQ:QCOM] by around 42,521,277 shares. Additionally, 816 investors decreased positions by around 42,809,059 shares, while 298 investors held positions by with 747,478,422 shares. The mentioned changes placed institutional holdings at 832,808,758 shares, according to the latest SEC report filing. QCOM stock had 136 new institutional investments in for a total of 7,877,135 shares, while 122 institutional investors sold positions of 4,102,573 shares during the same period.