QUALCOMM Incorporated (QCOM): What the Financials Tell Us

QUALCOMM Incorporated (NASDAQ:QCOM) saw a downside of -1.65% on Monday at $126.58 after subtracting -$2.13. The 5-day average trading volume is 6,461,085 shares of the company’s common stock. It has gained $132.74 in the past week and touched a new high 1 time within the past 5 days. An average of 6,809,746 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,929,944.

QCOM’s 1-month performance is -12.11% or -$17.87 on its low of $126.27 reached on 10/04/21. The company’s shares have touched a 52-week low of $115.43 and high of $167.94, with the stock’s rally to the 52-week high happening on 01/20/21. YTD, QCOM has lost -15.51% or -$25.58 and has reached a new high 7 times. However, the current price is down -24.63%% from the 52-week high price.


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Insider Transactions

On Aug 02, 63 days have gone by since the last insider trading activity for QUALCOMM Incorporated (QCOM). POLEK ERIN L (SVP, Controller & CAO) most recently sold 66 shares at $150.00 per share on Aug 02. This transaction cost the insider $9,900. EVP, Strategy and M&A, MODOFF BRIAN, sold 1,510 shares at a price of $136.45 on Jun 15. Then, on May 21, SVP, Controller & CAO POLEK ERIN L sold 1,835 shares at a price of $132.00 per share. This transaction amounted to $242,220.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 51.97 and a low of 15.87. QCOM stock has a beta of 1.35. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.47 while the price-to-book (PB) in the most recent quarter is 17.78, with the price to cash flow ratio at 22.66.

QUALCOMM Incorporated pays an annual dividend of $2.72 per share. Its dividend yield is 2.15% and the payout ratio is 32.30%. QCOM’s most recent quarterly dividend payment was made on Sep. 23, when it paid $0.68 a share compared with prior rate of $0.68, down 0.0% from last year’s. The company has boosted its dividend for the last 18 consecutive years with the latest dividend increase of $0.03 reported on Wednesday April 14 2021. Measured over the last 3 years, the Dividend has been growing by 14.73% yearly.

It is projected that QUALCOMM Incorporated’s next ex-dividend date will be on 3-Dec. QCOM is expected to distribute $0.68 as its next dividend.

QUALCOMM Incorporated’s quick ratio for the period ended June 29 was 1.40, with the current ratio over the same period at 1.70 meaning that QCOM stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.67, while the total debt to equity was 1.92. In terms of profitability, the gross margin trailing 12 months is 59.80%The trailing 12-month EBITDA margin is 32.38% while for the period ending June 29; QUALCOMM Incorporated’s operating margin was 31.50%. The firm’s gross profit as reported stood at $14.28 billion against revenue of $23.53 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, QUALCOMM Incorporated’s cash and short-term investments amounted to $5.51 billion against total debt of $15.82 billion. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected QCOM to announce $1.68 per share in earnings in its latest quarter, but it posted $1.92, representing a 14.30% surprise. EBITDA for the quarter stood at more than $2.6 billion. QCOM stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 30.59 billion, with total debt at $15.82 billion. Shareholders hold equity totaling $1.13 billion

Technical Picture

Let’s look briefly at QUALCOMM Incorporated (QCOM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 15.61% to suggest the stock is trending oversold, with historical volatility in this time period at 16.23%.

The stock’s 5-day moving average is $128.73, reflecting a -5.03% or -$6.72 change from its current price. QCOM is currently trading -12.36% above its 20-day SMA, +1.72% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -12.51% and -15.35% respectively.

Stochastic %K and %D was 5.77% and 4.32% and the average true range (ATR) pointed at 2.84. The RSI (14) points at 22.28%, while the 14-day stochastic is at 3.33% with the period’s ATR at 2.82. The stock’s 9-day MACD Oscillator is pointing at -2.73 and -4.18 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for QUALCOMM Incorporated (NASDAQ: QCOM), Jefferies launched coverage with a Hold rating. Analysts offering their rating for QCOM stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate QCOM as a “sell,”, while 11 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 16 have offered a “buy” rating.

What is QCOM’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $137.00 and a high of $303.71, with their median price target at $180.00. Looking at these predictions, the average price target given by analysts is for QUALCOMM Incorporated (QCOM) stock is $182.27.

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