QUALCOMM Incorporated [QCOM] Revenue clocked in at $38.58 billion, down -3.46% YTD: What’s Next?

QUALCOMM Incorporated [NASDAQ: QCOM] price plunged by -0.24 percent to reach at -$0.26. The company report on August 30, 2023 at 10:10 AM that Qualcomm’s Thinkabit Lab Encourages Future Inventors To Integrate Sustainable Design.

Qualcomm As published in Qualcomm’s 2022 Corporate Responsibility ReportThinkabit Lab is our homegrown STEM engagement program that introduces students to the invention process through hands-on engineering activities. Since 2014, Thinkabit Lab has engaged students from diverse cultural and socioeconomic backgrounds to wire circuits like an electrical engineer, code like a computer scientist and build and design IoT-themed inventions that address a real-world problem. These and other career exploration activities give students an idea of the variety of jobs that can be found at technology companies like Qualcomm, while helping them understand how they can use technology to shape a better world.This year, we added to our Thinkabit Lab curriculum, by:Here’s a snapshot of our 2022 impact across the United States:*Sites are defined as collaborating organizations that deliver the Thinkabit Lab program in either a virtual or physical capacityLearn more in Qualcomm’s 2022 Corporate Responsibility Report View additional multimedia and more ESG storytelling from Qualcomm on 3blmedia.com.Contact Info:Spokesperson: QualcommWebsite: https:

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A sum of 9766086 shares traded at recent session while its average daily volume was at 8.40M shares. QUALCOMM Incorporated shares reached a high of $107.0724 and dropped to a low of $105.51 until finishing in the latest session at $106.14.

The one-year QCOM stock forecast points to a potential upside of 25.45. The average equity rating for QCOM stock is currently 2.10, trading closer to a bullish pattern in the stock market.

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 $142.38 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 2.10. 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.

Daiwa Securities have made an estimate for QUALCOMM Incorporated shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on August 09, 2023.

The Average True Range (ATR) for QUALCOMM Incorporated is set at 3.11, with the Price to Sales ratio for QCOM stock in the period of the last 12 months amounting to 3.08. The Price to Book ratio for the last quarter was 5.72, with the Price to Cash per share for the same quarter was set at 7.71. Price to Free Cash Flow for QCOM in the course of the last twelve months was 17.30 with Quick ratio for the last quarter at 1.60.

QCOM Stock Performance Analysis:

QUALCOMM Incorporated [QCOM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.33. With this latest performance, QCOM shares dropped by -8.95% in over the last four-week period, additionally sinking by -9.45% over the last 6 months – not to mention a drop of -17.47% 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 34.50, with the RSI for the last a single of trading hit 30.12, and the three-weeks RSI is set at 37.82 for QUALCOMM Incorporated [QCOM]. The present Moving Average for the last 50 days of trading for this stock 117.69, while it was recorded at 111.83 for the last single week of trading, and 118.95 for the last 200 days.

Insight into QUALCOMM Incorporated 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 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 1.60 and a Current Ratio set at 2.40.


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 -11.57%.

QUALCOMM Incorporated [QCOM] Institutonal Ownership Details

The top three institutional holders of QCOM stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in QCOM stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in QCOM stock with ownership which is approximately 5.7381%.

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