In recent trading session, Qualcomm, Inc. (NASDAQ:QCOM) saw 3.55 million shares changing hands at last check today with its beta currently measuring 1.28. Company’s recent per share price level of $176.32 trading at -$4.75 or -2.62% at last check today assigns it a market valuation of $196.77B. That most recent trading price of QCOM’s stock is at a discount of -30.8% from its 52-week high price of $230.63 and is indicating a premium of 40.83% from its 52-week low price of $104.33. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 9.13 million shares which gives us an average trading volume of 9.96 million if we extend that period to 3-months.
For Qualcomm, Inc. (QCOM), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.05. Splitting up the data highlights that, out of 25 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 8 suggested the stock as a Hold whereas 16 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 2.08 in the current quarter.
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Qualcomm, Inc. (NASDAQ:QCOM) trade information
Upright in the red during last session for losing -2.62%, in the last five days QCOM remained trading in the red while hitting it’s week-highest on Tuesday, 07/23/24 when the stock touched $176.32 price level, adding 10.15% to its value on the day. Qualcomm, Inc.’s shares saw a change of 21.91% in year-to-date performance and have moved -7.91% in past 5-day. Qualcomm, Inc. (NASDAQ:QCOM) showed a performance of -12.79% in past 30-days. Number of shares sold short was 28.57 million shares which calculate 2.64 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 190 to the stock, which implies a rise of 7.2% to its recent value today. Analysts have been projecting 105 as a low price target for the stock while placing it at a high target of 270. It follows that stock’s current price would jump 40.45% in reaching the projected high whereas dropping to the targeted low would mean a gain of 40.45% for stock’s current value.
Qualcomm, Inc. (QCOM) estimates and forecasts
Statistics highlight that Qualcomm, Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 14.22% of value to its shares in past 6 months, showing an annual growth rate of 17.32% while that of industry is 2.10. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -1.30% from the last financial year’s standing.
23 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 8.49B for the same. And 23 analysts are in estimates of company making revenue of 8.97B in the next quarter.
In 2024, company’s earnings growth rate is likely to be around 17.93% while estimates for its earnings growth in next 5 years are of 11.29%.
QCOM Dividends
Qualcomm, Inc. is more likely to be releasing its next quarterly report in August and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 1.84%, the share has a forward dividend of 3.25 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 2.29%.
Qualcomm, Inc. (NASDAQ:QCOM)’s Major holders
Insiders are in possession of 0.12% of company’s total shares while institution are holding 79.64 percent of that, with stock having share float percentage of 79.74%. Investors also watch the number of corporate investors in a company very closely, which is 79.64% institutions for Qualcomm, Inc. that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at QCOM for having 111.2 million shares of worth $18.83 billion. And as of 2024-03-31, it was holding 9.9637 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 93.74 million shares on 2024-03-31. The number of shares represents firm’s hold over 8.3993 of outstanding shares, having a total worth of $15.87 billion.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund are the top two Mutual Funds which own company’s shares. As of Mar 31, 2024, the former fund manager was holding 35.07 shares of worth $6.23 billion or 3.14% of the total outstanding shares. The later fund manager was in possession of 28.12 shares on Mar 31, 2024, making its stake of worth around $4.99 billion in the company or a holder of 2.52% of company’s stock.
