QUALCOMM Incorporated [NASDAQ: QCOM] loss -0.65% or -0.78 points to close at $119.38 with a heavy trading volume of 6365867 shares. The company report on April 17, 2023 that How Qualcomm is Prioritizing Waste Management.
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It opened the trading session at $119.13, the shares rose to $119.84 and dropped to $118.165, the range by which the price of stock traded the whole day. The daily chart for QCOM points out that the company has recorded 5.78% gains over the past six months. However, it is still -17.12% lower than its most recent low trading price.
If we look at the average trading volume of 7.38M shares, QCOM reached to a volume of 6365867 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $152.14 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 3.15, with the Price to Sales ratio for QCOM stock in the period of the last 12 months amounting to 3.12. The Price to Book ratio for the last quarter was 7.12, with the Price to Cash per share for the same quarter was set at 7.33. Price to Free Cash Flow for QCOM in the course of the last twelve months was 28.14 with Quick ratio for the last quarter at 1.40.
Trading performance analysis for QCOM stock
QUALCOMM Incorporated [QCOM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.95. With this latest performance, QCOM shares dropped by -0.94% in over the last four-week period, additionally plugging by 5.78% over the last 6 months – not to mention a drop of -15.03% 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 42.15, with the RSI for the last a single of trading hit 37.70, and the three-weeks RSI is set at 44.57 for QUALCOMM Incorporated [QCOM]. The present Moving Average for the last 50 days of trading for this stock 124.26, while it was recorded at 120.90 for the last single week of trading, and 126.11 for the last 200 days.
QUALCOMM Incorporated [QCOM]: A deeper dive into fundamental analysis
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 Total Capital for QCOM is now 48.99, given the latest momentum, and Return on Invested Capital for the company is 46.21. Return on Equity for this stock inclined to 92.88, with Return on Assets sitting at 28.78. When it comes to the capital structure of this company, QUALCOMM Incorporated [QCOM] has a Total Debt to Total Equity ratio set at 89.71. Additionally, QCOM Total Debt to Total Capital is recorded at 47.29, with Total Debt to Total Assets ending up at 32.97. Long-Term Debt to Equity for the company is recorded at 78.33, with the Long-Term Debt to Total Capital now at 41.29.
Reflecting on the efficiency of the workforce at the company, QUALCOMM Incorporated [QCOM] managed to generate an average of $254,627 per employee. Receivables Turnover for the company is 9.59 with a Total Asset Turnover recorded at a value of 0.98.QUALCOMM Incorporated’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 2.10.
QUALCOMM Incorporated [QCOM]: An earnings per share (EPS) analysis
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%.
An analysis of insider ownership at QUALCOMM Incorporated [QCOM]
There are presently around $98,245 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 $10.13 billion in QCOM stocks shares; and STATE STREET CORP, currently with $5.68 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 Wednesday and at the time of the Wednesday reporting period, where 1,120 institutional holders increased their position in QUALCOMM Incorporated [NASDAQ:QCOM] by around 51,735,960 shares. Additionally, 1,151 investors decreased positions by around 44,357,548 shares, while 231 investors held positions by with 721,524,424 shares. The mentioned changes placed institutional holdings at 817,617,932 shares, according to the latest SEC report filing. QCOM stock had 219 new institutional investments in for a total of 4,650,862 shares, while 163 institutional investors sold positions of 5,574,559 shares during the same period.