Qualcomm Inc. (NASDAQ:QCOM) saw an upside of 2.55% to close Monday at $110.43 after adding $2.75 on the day. The 5-day average trading volume is 6,700,080 shares of the company’s common stock. It has gained $112.34 in the past week and touched a new high 1 time within the past 5 days. An average of 8,381,525 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 8,704,470.
QCOM’s 1-month performance is 1.77% or $0.11 on its low of $105.51 reached on 09/08/23. The company’s shares have touched a 52-week low of $101.47 and high of $139.94, with the stock’s rally to the 52-week high happening on 02/01/23. YTD, QCOM has achieved 0.45% or $0.49 and has reached a new high 11 times. However, the current price is down -21.09% from the 52-week high price.
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Insider Transactions
QCOM stock investors last saw insider trading activity on Sep 13.THOMPSON JAMES H (Chief Technology Officer) most recently sold 27,962 shares at $113.23 per share on Sep 13. This transaction cost the insider $3,166,098. Chief Commercial Officer, CATHEY JAMES J, sold 1,000 shares at a price of $111.27 on Sep 11. Then, on Aug 17, SVP, Finance and CAO MARTIN NEIL sold 4,752 shares at a price of $110.19 per share. This transaction amounted to $523,623.
Valuation Metrics
QCOM stock has a beta of 1.26. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.19 while the price-to-book (PB) in the most recent quarter is 5.96, with the price to cash flow ratio at 17.95.
Qualcomm Inc.’s quick ratio for the period ended June 29 was 1.64, with the current ratio over the same period at 2.42. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.70, while the total debt to equity was 0.75. In terms of profitability, the gross margin trailing 12 months is 56.31%. The trailing 12-month EBITDA margin is 37.47% while for the period ending June 29, Qualcomm Inc.’s operating margin was 26.77%. The firm’s gross profit as reported stood at $25.57 billion against revenue of $44.2 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -106.88% to $1.8 billion, while revenue of $1.7 billion was 5.49% off the previous quarter. Analysts expected QCOM to announce $1.81 per share in earnings in its latest quarter, but it posted $1.87, representing a 3.30% surprise. EBITDA for the quarter stood at more than $2.3 billion. QCOM stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 28.33 billion, with total debt at $15.44 billion. Shareholders hold equity totaling $1.12 billion.
Let’s look briefly at Qualcomm Inc. (QCOM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 47.76% to suggest the stock is trending Neutral, with historical volatility in this time period at 21.64%.
The stock’s 5-day moving average is $109.20, reflecting a -2.06% or -$2.32 change from its current price. QCOM is currently trading +0.10% above its 20-day SMA, -4.89% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -9.90% and SMA200 by-7.81%.
Stochastic %K and %D was 27.96% and 28.27% and the average true range (ATR) pointed at 2.82. The RSI (14) points at 46.29%, while the 14-day stochastic is at 43.89% with the period’s ATR at 2.90. The stock’s 9-day MACD Oscillator is pointing at -2.26 and -1.83 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Qualcomm Inc. (NASDAQ: QCOM), Daiwa Securities downgraded it to an Outperform rating. They previously had a Buy rating on the stock. Analysts offering their rating for QCOM stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate QCOM as a “sell,”, while 9 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 6 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 $100.00 and a high of $167.70, with their median price target at $140.00. Looking at these predictions, the average price target given by analysts is for Qualcomm Inc. (QCOM) stock is $138.29.
