Qualcomm, Inc. (NASDAQ:QCOM) has a beta value of 1.27 and has seen 9.08 million shares traded in the last trading session. The company, currently valued at $207.81B, closed the last trade at $186.21 per share which meant it lost -$5.25 on the day or -2.74% during that session. The QCOM stock price is -23.85% off its 52-week high price of $230.63 and 43.97% above the 52-week low of $104.33. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.18 million shares traded. The 3-month trading volume is 9.88 million shares.
The consensus among analysts is that Qualcomm, Inc. (QCOM) is Buy stock at the moment, with a recommendation rating of 2.05. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 7 out of 24 have rated it as a Hold, with 16 advising it as a Buy. 0 have rated the stock as Underweight.
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Qualcomm, Inc. (NASDAQ:QCOM) trade information
Sporting -2.74% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the QCOM stock price touched $186.21 or saw a rise of 11.79%. Year-to-date, Qualcomm, Inc. shares have moved 28.75%, while the 5-day performance has seen it change -8.01%. Over the past 30 days, the shares of Qualcomm, Inc. (NASDAQ:QCOM) have changed -18.00%. Short interest in the company has seen 27.85 million shares shorted with days to cover at 2.3.
Wall Street analysts have a consensus price target for the stock at $190, which means that the shares’ value could jump 1.99% from current levels. The projected low price target is $105 while the price target rests at a high of $270. In that case, then, we find that the current price level is -45.0% off the targeted high while a plunge would see the stock lose 43.61% from current levels.
Qualcomm, Inc. (QCOM) estimates and forecasts
Figures show that Qualcomm, Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained 28.16% over the past 6 months, with this year growth rate of 17.32%, compared to 2.10% for the industry.
Earnings growth for 2024 is a modest 17.88% while over the next 5 years, the company’s earnings are expected to increase by 11.29%.
QCOM Dividends
Qualcomm, Inc. is expected to release its next earnings report in August this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 3.25 at a share yield of 1.75%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 2.29%.
Qualcomm, Inc. (NASDAQ:QCOM)’s Major holders
The top two institutional holders are VANGUARD GROUP INC with over 111.2 million shares worth more than $18.83 billion. As of 2024-03-31, VANGUARD GROUP INC held 9.9637% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 93.74 million shares as of 2024-03-31. The firm’s total holdings are worth over $15.87 billion and represent 8.3993% of shares outstanding.
