Qualcomm Stock Forecast

qualcomm stock

Several research analysts have recently issued reports on the stock. UBS Group lowered their price target on shares of QUALCOMM from $185.00 to $155.00 in a report on Thursday, April 28th. Wells Fargo & Company dropped their target price on QUALCOMM from $150.00 to $135.00 and set an "equal weight" rating for the company in a research report on Monday, July 11th. Canaccord Genuity Group reduced their price target on QUALCOMM from $250.00 to $225.00 and set DotBig a "buy" rating on the stock in a report on Thursday, July 28th. Finally, Cowen set a $185.00 target price on shares of QUALCOMM in a research report on Tuesday, July 19th. Ten research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $192.35.

  • The QUALCOMM 52-week high stock price is 193.58, which is 31% above the current share price.
  • Miss-wright — For the Common Share holders, do not sell.
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  • Something tells me we will see a reversal today…but who knows.

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Why Qualcomm Stock Fell As Much As 6 8% Today

But they are pulling in $1.00 per share compared to $3 from Q…and that on half the revenue QCOM is and carry a market cap EQUAL to QCOM ($160B). I understand their margins are better and they are seeing a nice growth trajectory YOY… I know, broken record, but QCOM should be trading today at $240 minimum. View our full suite of financial calendars and market data tables, all for free. QUALCOMM updated its fourth quarter 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of $3.00-$3.30 for the period, compared to the consensus EPS estimate of $3.23. The company issued revenue guidance of $11.00 billion-$11.80 billion, compared to the consensus revenue estimate of $11.87 billion.

Steve Mollenkopf has an approval rating of 87% among the company’s employees. Only 0.05% of the stock of QUALCOMM is held by insiders. MarketBeat has tracked 4 reddit mentions for QUALCOMM this week, compared to 7 mentions on an https://www.bankofamerica.com/ average week. Short interest in QUALCOMM has recently decreased by 6.50%, indicating that investor sentiment is improving significantly. Please log in to your account or sign up in order to add this asset to your watchlist.

Qualcomm Inc Stock Falls Tuesday, Still Outperforms Market

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 22nd. Shareholders of record on Thursday, September 1st will be issued a $0.75 dividend. qcom stock price The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $3.00 annualized dividend and a yield of 2.02%. QUALCOMM’s dividend payout ratio is presently 26.57%.

The next decade will be QCOM without a doubt and likely AMD. $2B miss is just an incredible fall for NVIDIA who is losing share in Auto and AI – and also DC to AMD. Intraday Data provided by FACTSET and subject to terms of use. Historical and current end-of-day data provided by FACTSET. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.

qualcomm stock

However, the company projected fourth-quarter revenue of roughly $11.4 billion, well below the current analyst consensus of $11.87 billion. As a supplier of critical components for smartphones, Qualcomm is experiencing weaker order volumes as its handset-building customers battle soft demand DotBig for new phones. Inflation-based budget concerns are everywhere nowadays. Real-time analyst ratings, insider transactions, earnings data, and more. According to analysts’ consensus price target of $191.04, QUALCOMM has a forecasted upside of 29.2% from its current price of $147.81.

How Will Qualcomm’s Stock Buyback Program Work?

204 people have added QUALCOMM to their MarketBeat watchlist in the last 30 days. This is an increase of 224% compared to the previous 30 days. 234 people have searched for QCOM on MarketBeat DotBig in the last 30 days. This is an increase of 34% compared to the previous 30 days. MarketBeat has tracked 24 news articles for QUALCOMM this week, compared to 13 articles on an average week.

How Much Is Qualcomm’s Annual Dividend?

The QUALCOMM 52-week high stock price is 193.58, which is 31% above the current share price. StockInvest.us https://dotbig.com/ is a research service that provides financial data and technical analysis of publicly traded stocks.

The Motley Fool has positions in and recommends Qualcomm. Calculated by Time-Weighted Return since 2002. Volatility profiles based on trailing-three-year calculations of the standard deviation of https://dotbig.com/markets/stocks/QCOM/ service investment returns. The intelligent edge is where the growth is and NVIDIA is not getting that growth. When QCOM has an AI engine that performs the same as NVIDIA at 50% less power…

Latest On Qualcomm Inc

Any way you slice these numbers, Qualcomm is delivering impressive results as a world-leading supplier of 4G and 5G wireless networking components. However, revenue guidance indicating 22% year-over-year growth in Q4 fell short of current expectations. Enter your email address below to receive the DividendStocks.com newsletter, a concise daily summary of stocks that are about to go ex-dividend as well as new dividend announcements.