QUALCOMM Incorporated [NASDAQ: QCOM] closed the trading session at $123.80 on 03/21/23. The day’s price range saw the stock hit a low of $122.15, while the highest price level was $125.07. The company report on March 21, 2023 that Qualcomm’s Commitment to Operating Sustainably.
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The stocks have a year to date performance of 12.61 percent and weekly performance of 6.22 percent. The stock has been moved at -2.25 percent over the last six months. The stock has performed -3.07 percent around the most recent 30 days and changed 8.09 percent over the most recent 3-months.
If compared to the average trading volume of 7.81M shares, QCOM reached to a volume of 6892636 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 $152.57 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 2.20. 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 Positive, with their previous recommendation back on March 16, 2023. While these analysts kept the previous recommendation, Raymond James raised their target price to Mkt Perform. The new note on the price target was released on March 02, 2023, representing the official price target for QUALCOMM Incorporated stock. Previously, the target price had yet another raise from $120 to $150, while Barclays kept a Overweight rating on QCOM stock.
The Average True Range (ATR) for QUALCOMM Incorporated is set at 3.54, with the Price to Sales ratio for QCOM stock in the period of the last 12 months amounting to 3.21. The Price to Book ratio for the last quarter was 7.39, with the Price to Cash per share for the same quarter was set at 7.40. Price to Free Cash Flow for QCOM in the course of the last twelve months was 28.90 with Quick ratio for the last quarter at 1.40.
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 6.22. With this latest performance, QCOM shares dropped by -3.07% in over the last four-week period, additionally sinking by -2.25% over the last 6 months – not to mention a drop of -19.61% 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 53.33, with the RSI for the last a single of trading hit 59.32, and the three-weeks RSI is set at 51.43 for QUALCOMM Incorporated [QCOM]. The present Moving Average for the last 50 days of trading for this stock 125.38, while it was recorded at 120.47 for the last single week of trading, and 126.75 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 +33.49 and a Gross Margin at +57.84. QUALCOMM Incorporated’s Net Margin is presently recorded at +29.38.
Return on Equity for this stock inclined to 92.88, with Return on Assets sitting at 28.78.
QUALCOMM Incorporated’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 2.10.
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 -7.25%.
QUALCOMM Incorporated [QCOM]: Insider Ownership positions
There are presently around $101,914 million, or 74.10% of QCOM stock, in the hands of institutional investors. The top three institutional holders of QCOM stocks are: VANGUARD GROUP INC with ownership of 109,998,670, which is approximately 1.335% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 84,332,554 shares of the stock with an approximate value of $10.44 billion in QCOM stocks shares; and STATE STREET CORP, currently with $5.86 billion in QCOM stock with ownership of nearly -0.546% of the company’s market capitalization.
Positions in QUALCOMM Incorporated stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 1,124 institutional holders increased their position in QUALCOMM Incorporated [NASDAQ:QCOM] by around 51,889,017 shares. Additionally, 1,167 investors decreased positions by around 44,879,214 shares, while 245 investors held positions by with 726,449,541 shares. The mentioned changes placed institutional holdings at 823,217,772 shares, according to the latest SEC report filing. QCOM stock had 222 new institutional investments in for a total of 4,900,739 shares, while 165 institutional investors sold positions of 5,685,070 shares during the same period.