Market Analysts see QUALCOMM Incorporated [QCOM] falling to $155. Time to buy?

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QUALCOMM Incorporated [NASDAQ: QCOM] traded at a low on 06/13/22, posting a -3.41 loss after which it closed the day’ session at $128.66. The company report on June 9, 2022 that Qualcomm Unveils Next Generation Powerline Communication Device To Support Expanding Industry Need for Vehicle to Charging Station Smart-Grid Communications.


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Next Generation Powerline Communication Device Supports Global Efforts Towards E-Mobility and a Net-Zero Emissions Society.

The results of the trading session contributed to over 12276885 shares changing hands. Over the past one week, the price volatility of QUALCOMM Incorporated stands at 3.00% while the volatility over the past one month is 3.58%.

The market cap for QCOM stock reached $147.90 billion, with 1.12 billion shares outstanding and 1.12 billion shares in the current float. Compared to the average trading volume of 10.84M shares, QCOM reached a trading volume of 12276885 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $202.05 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 5.60, with the Price to Sales ratio for QCOM stock in the period of the last 12 months amounting to 3.77. The Price to Book ratio for the last quarter was 10.86, with the Price to Cash per share for the same quarter was set at 10.04. Price to Free Cash Flow for QCOM in the course of the last twelve months was 35.80 with Quick ratio for the last quarter at 1.30.

How has QCOM stock performed recently?

QUALCOMM Incorporated [QCOM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.39. With this latest performance, QCOM shares dropped by -2.36% in over the last four-week period, additionally sinking by -30.03% over the last 6 months – not to mention a drop of -6.30% 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 39.97, with the RSI for the last a single of trading hit 34.65, and the three-weeks RSI is set at 42.19 for QUALCOMM Incorporated [QCOM]. The present Moving Average for the last 50 days of trading for this stock 138.15, while it was recorded at 135.88 for the last single week of trading, and 154.39 for the last 200 days.

QUALCOMM Incorporated [QCOM]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and QUALCOMM Incorporated [QCOM] shares currently have an operating margin of +29.16 and a Gross Margin at +57.51. QUALCOMM Incorporated’s Net Margin is presently recorded at +26.94.

Return on Total Capital for QCOM is now 40.21, given the latest momentum, and Return on Invested Capital for the company is 39.43. Return on Equity for this stock inclined to 112.85, with Return on Assets sitting at 23.54. When it comes to the capital structure of this company, QUALCOMM Incorporated [QCOM] has a Total Debt to Total Equity ratio set at 163.81. Additionally, QCOM Total Debt to Total Capital is recorded at 62.09, with Total Debt to Total Assets ending up at 39.52. Long-Term Debt to Equity for the company is recorded at 142.00, with the Long-Term Debt to Total Capital now at 53.83.

Reflecting on the efficiency of the workforce at the company, QUALCOMM Incorporated [QCOM] managed to generate an average of $200,956 per employee. Receivables Turnover for the company is 8.85 with a Total Asset Turnover recorded at a value of 0.87.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 analysis for QUALCOMM Incorporated [QCOM]

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 14.34%.

Insider trade positions for QUALCOMM Incorporated [QCOM]

There are presently around $110,593 million, or 75.50% of QCOM stock, in the hands of institutional investors. The top three institutional holders of QCOM stocks are: VANGUARD GROUP INC with ownership of 105,592,786, which is approximately 1.51% of the company’s market cap and around 0.12% of the total institutional ownership; BLACKROCK INC., holding 82,022,847 shares of the stock with an approximate value of $10.93 billion in QCOM stocks shares; and STATE STREET CORP, currently with $6.41 billion in QCOM stock with ownership of nearly -2.103% 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 1,305 institutional holders increased their position in QUALCOMM Incorporated [NASDAQ:QCOM] by around 45,393,344 shares. Additionally, 1,016 investors decreased positions by around 43,040,706 shares, while 282 investors held positions by with 741,842,077 shares. The mentioned changes placed institutional holdings at 830,276,127 shares, according to the latest SEC report filing. QCOM stock had 166 new institutional investments in for a total of 4,937,285 shares, while 179 institutional investors sold positions of 1,601,812 shares during the same period.

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