In the last trading session, 9,099,981 shares of the QUALCOMM Incorporated (NASDAQ:QCOM) were traded, and its beta was 1.35. Most recently the company’s share price was $138.06, and it changed around -$2.27 or -0.02% from the last close, which brings the market valuation of the company to $156.84 Billion. QCOM currently trades at a discount to its 52-week high of $167.94, offering almost -21.64% off that amount. The share price’s 52-week low was $70, which indicates that the current value has risen by an impressive 49.3% since then. We note from QUALCOMM Incorporated’s average daily trading volume that its 10-day average is 9.82 Million shares, with the 3-month average coming to 10.88 Million.
QUALCOMM Incorporated stock received a consensus recommendation rating of Overweight, based on a mean score of 2. If we narrow it down even further, the data shows that 1 out of 29 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 8 recommended QCOM as a Hold, whereas 18 deemed it a Buy, and no one rated it as Underweight. QUALCOMM Incorporated is expected to report earnings per share of $1.66 for the current quarter.
QUALCOMM Incorporated (NASDAQ:QCOM): Trading Information
Although QCOM has showed a red trend with a performance of -1.62% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $140.5 on Monday, Apr 05 increased the stock’s daily price by 1.74%. The company’s shares are currently down -0.09% year-to-date, but still up 0.0517 over the last five days. On the other hand, QUALCOMM Incorporated (NASDAQ:QCOM) is 0.06% up in the 30-day period. We can see from the shorts that 21.93 Million shares have been sold at a short interest cover period of 2.02 day (s).
The consensus price target as assigned by Wall Street analysts is $170.81, which translates to bears needing to increase their stock price by 23.72% from its current value. Analyst projections state that QCOM is forecast to be at a low of $122 and a high of $200. In order for the stock price to hit the forecast high, the stock would need to surge +44.86% from its current level, while the stock would need to crash -11.63% from its current level to reach the projected low.
QUALCOMM Incorporated (QCOM) projections and forecasts
QUALCOMM Incorporated share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +19.56 percent over the past six months and at a 75.42% annual growth rate that is well above the industry average of 29.8%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +88.6% in revenue this quarter, and will report an increase of 77.9% in the next quarter. The year-over-year growth rate is expected to be 43.1%, up from the previous year.
Consensus estimates provided by 23 financial analysts predict the company will bring in an average of $7.62 Billion in revenue for the current quarter. 23 analysts expect QUALCOMM Incorporated to make $7.15 Billion in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarter a year ago was $5.21 Billion. Analysts predict that the company’s current quarter sales will jump, forecast at 46.3%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 7.1%. QUALCOMM Incorporated earnings are expected to increase by 25.8% in 2021, but the outlook is positive 24.48% per year for the next five years.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.
QCOM Dividend Yield
QUALCOMM Incorporated’s next quarterly earnings report is expected to be released around April 28, 2021. The annual dividend yield of the stock is 1.88 percent and its annual dividend per share was $2.6. It is important to note, however, that the 1.88% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 3.35% per year.
QUALCOMM Incorporated (NASDAQ:QCOM)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 0.13% of QUALCOMM Incorporated shares, and 77.38% of them are in the hands of institutional investors. The stock currently has a share float of 77.47%. QUALCOMM Incorporated stock is held by 2696 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Dec 30, 2020, it held 9.12% of the shares, which is about 103.62 Million shares worth $15.78 Billion.
Blackrock Inc., with 7.04% or 80Million shares worth $12.19 Billion as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Dec 30, 2020. The former held 31879071 shares worth $4.86 Billion, making up 2.81% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 22.66 Million shares worth around $3.45 Billion, which represents about 1.99% of the total shares outstanding.