The stock of QUALCOMM Incorporated (NASDAQ:QCOM) decreased by -$0.59 on Monday to finish at $114.02, down -0.51 percent. The last five days have seen an average of 7,010,280 shares of common stock traded. 11 times new highs were reached in the current year, with a gain of $4.08. The average number of shares traded over the last 20 days was 10,109,530, while the average volume over the last 50 days totaled 8,734,732.
QCOM stock dropped -6.97% since last month. On 08/14/23, the company’s shares reached a one-month low of $112.81. The stock touched a high of $152.91 on 02/01/23, after rallying from a low of $101.47 in 52 weeks. The price of QCOM stock has risen by 3.71% or $4.08 this year, reaching a new high 11 times. Still, the stock price is down -25.43% from the 52-week high.
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Insider Transactions
QCOM stock investors should be aware that QUALCOMM Incorporated (QCOM) stock had its last reported insider trading activity 4 days ago on Aug 11. On Aug 11, Chief Commercial Officer CATHEY JAMES J sold 1,000 shares at $114.16 each. This transaction resulted in the insider making $114,160. On Feb 23, Henderson Jeffrey William sold 2,500 shares at a price of US$124.19. After the transaction, the insider now owns 2,105 shares. Director Henderson Jeffrey William had earlier sold 2,500 shares on Feb 22 for $124.05 a share. The transaction was completed for $310,132.
Valuation Metrics
QUALCOMM Incorporated (QCOM) has a trailing price-to-earnings (P/E) ratio of 14.90. Beta for the stock is 1.26. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.33, the price-to-book (PB) ratio of 6.15, and the price-to-cash flow ratio of 18.70.
Company paid $0.80 per share in dividends, remained unchanged from $0.80 last year.
Financial Health
For the three months ended June 29, QUALCOMM Incorporated’s quick ratio was 1.60, while its current ratio was 2.40, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.70, and the total debt to equity ratio is 0.75. As far as profitability goes, gross margin for the trailing twelve months is 56.30% percent. QUALCOMM Incorporated’s EBITDA margin for the year ended June 29 was 37.47%, whereas its operating margin stood at 25.70% for the same period. Based on annual data, it had gross profit of $25.57 billion and revenue of $44.2 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. QCOM’s return on assets (ROA) during the last 12 months has been 17.50%. There was a 41.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 44.60%.
Earnings Surprise
According to QUALCOMM Incorporated’s quarterly financial report for the quarter that ended June 29, it had $14.53 billion in total debt versus $2.54 billion in cash and short-term investments. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $8.45 billion, while revenues fell by -29.4% to $9.28 billion. It was predicted that QUALCOMM Incorporated’s quarterly earnings would be $1.87, but it ended up being $1.81, beating the consensus by 3.30%. EBITDA was $2.3 billion for the quarter. At the end of QUALCOMM Incorporated’s most recent quarter ended June 29, its liabilities totaled 28.33 billion, while its total debt was $15.44 billion. Equity owned by shareholders amounts to $1.12 billion.
Technical Picture
Here’s a quick look at QUALCOMM Incorporated’s (QCOM) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 31.05%, suggesting the stock is Neutral, with a 41.06% historical volatility rate.
The stochastic %K and %D were 4.87% and 6.79% respectively, while the average true range (ATR) was 3.54. Based on the 14-day stochastic reading of 6.00%, the RSI (14) reading is 37.93%. On the 9-day MACD Oscillator, the stock is at -3.84, and the 14-day reading is at -7.46.
Analyst Ratings
QUALCOMM Incorporated (NASDAQ: QCOM) was downgraded by Daiwa Securities to a an Outperform rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned QUALCOMM Incorporated (QCOM) an Overweight rating. QCOM is a stock that is recommended for selling by 1 brokerage firm, while 10 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 5 rates it overweight and 16 others recommend it as a buy.
What is QCOM’s price target for the next 12 months?
The current consensus forecast for the stock is between $95.00 and $167.70, with a median target price of $140.00. In analyzing these forecasts, the average price target given by analysts for QUALCOMM Incorporated (QCOM) is $137.65.
