After Plunging -3.43% During Past Week, Is Qualcomm, Inc (NASDAQ: QCOM) Still A Buy?

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Qualcomm, Inc (NASDAQ:QCOM)’s traded shares stood at 9.52 million during the last session, with the company’s beta value hitting 1.29. At the close of trading, the stock’s price was $147.37, to imply a decrease of -2.60% or -$3.94 in intraday trading. The QCOM share’s 52-week high remains $230.63, putting it -56.5% down since that peak but still an impressive 18.03% since price per share fell to its 52-week low of $120.80.

Analysts have given a consensus recommendation of Buy for Qualcomm, Inc (QCOM), translating to a mean rating of 2.19. Of 25 analyst(s) looking at the stock, 1 analyst(s) give QCOM a Sell rating. 0 of those analysts rate the stock as Overweight while 8 advise Hold as 16 recommend it as a Buy.

Qualcomm, Inc (NASDAQ:QCOM) trade information

After registering a -2.60% downside in the last session, Qualcomm, Inc (QCOM) has traded red over the past five days. The 5-day price performance for the stock is -3.43%, and 4.92% over 30 days. With these gigs, the year-to-date price performance is -4.07%.

The extremes give us $215 and $215 for target low and target high price respectively. As such, QCOM has been trading -45.89% off suggested target high and -45.89% from its likely low.

An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 20.08% for the past 5-year period. While 2025 is set for a 15.40% return in earnings, projections for the next 5 years are at 6.55% annually.

QCOM Dividends

Qualcomm, Inc has its next earnings report out in June. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Qualcomm, Inc has a forward dividend ratio of 3.40, with the share yield ticking at 2.31% to continue the rising pattern observed over the past year.

The next major institution holding the largest number of shares is BLACKROCK INC. with 95.88 million shares, or about 8.5913% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $19.1 billion.

We also have VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard 500 Index Fund as the top two Mutual Funds with the largest holdings of the Qualcomm, Inc (QCOM) shares. Going by data provided on Dec 31, 2024 , VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund holds roughly 34.8 shares. This is just over 3.17% of the total shares, with a market valuation of $5.13 billion. Data from the same date shows that the other fund manager holds a little less at 30.07, or 2.74% of the shares, all valued at about 4.43 billion.