QUALCOMM Incorporated [QCOM] fell -23.61% so far this year. What now?


QUALCOMM Incorporated [NASDAQ: QCOM] closed the trading session at $139.69 on 04/29/22. The day’s price range saw the stock hit a low of $139.52, while the highest price level was $147.50. The company report on April 28, 2022 that Qualcomm’s Robust Cybersecurity Program Protects Employees, Customers and Suppliers.

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Northampton, MA –News Direct– Qualcomm.

The world has seen a sharp increase in cyberattacks and high-profile security breaches in recent years. These incidents can affect individuals, corporations and other organizations. Qualcomm places a high priority on cybersecurity, not only to protect our employees, customers and business partners, but also to protect our intellectual property, operations and products.

The stocks have a year to date performance of -23.61 percent and weekly performance of 5.18 percent. The stock has been moved at 4.49 percent over the last six months. The stock has performed -8.54 percent around the most recent 30 days and changed -16.26 percent over the most recent 3-months.

If compared to the average trading volume of 11.82M shares, QCOM reached to a volume of 13663647 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 $204.42 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.

SMBC Nikko have made an estimate for QUALCOMM Incorporated shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 18, 2022. While these analysts kept the previous recommendation, Raymond James raised their target price from $190 to $222. The new note on the price target was released on February 03, 2022, representing the official price target for QUALCOMM Incorporated stock. Previously, the target price had yet another raise from $215 to $223, while Morgan Stanley kept a Overweight rating on QCOM stock. On February 03, 2022, analysts increased their price target for QCOM shares from 195 to 210.

The Average True Range (ATR) for QUALCOMM Incorporated is set at 6.58, with the Price to Sales ratio for QCOM stock in the period of the last 12 months amounting to 4.23. The Price to Book ratio for the last quarter was 11.79, with the Price to Cash per share for the same quarter was set at 9.72. Price to Free Cash Flow for QCOM in the course of the last twelve months was 40.18 with Quick ratio for the last quarter at 1.30.

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 5.18. With this latest performance, QCOM shares dropped by -8.54% in over the last four-week period, additionally plugging by 4.49% over the last 6 months – not to mention a rise of 0.64% 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 46.69, with the RSI for the last a single of trading hit 48.95, and the three-weeks RSI is set at 45.46 for QUALCOMM Incorporated [QCOM]. The present Moving Average for the last 50 days of trading for this stock 150.83, while it was recorded at 138.61 for the last single week of trading, and 155.53 for the last 200 days.

QUALCOMM Incorporated [QCOM]: An insightful look at the core fundamentals

QUALCOMM Incorporated’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.60.

Earnings per share (EPS) analysis for QUALCOMM Incorporated [QCOM] stock

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 14.54%.

QUALCOMM Incorporated [QCOM]: Insider Ownership positions

There are presently around $115,937 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 104,021,825, which is approximately 0.315% of the company’s market cap and around 0.15% of the total institutional ownership; BLACKROCK INC., holding 81,379,537 shares of the stock with an approximate value of $11.37 billion in QCOM stocks shares; and STATE STREET CORP, currently with $6.87 billion in QCOM stock with ownership of nearly 3.262% 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 1,317 institutional holders increased their position in QUALCOMM Incorporated [NASDAQ:QCOM] by around 57,322,844 shares. Additionally, 953 investors decreased positions by around 49,818,463 shares, while 273 investors held positions by with 722,814,843 shares. The mentioned changes placed institutional holdings at 829,956,150 shares, according to the latest SEC report filing. QCOM stock had 319 new institutional investments in for a total of 11,501,580 shares, while 135 institutional investors sold positions of 3,949,570 shares during the same period.