QCOM (QUALCOMM Incorporated) stock is in for a key growth catalyst

As of close of business last night, QUALCOMM Incorporated’s stock clocked out at $130.70, down -0.25% from its previous closing price of $131.03. In other words, the price has decreased by -$0.33 from its previous closing price. On the day, 7924036 shares were traded. QCOM stock price reached its highest trading level at $132.96 during the session, while it also had its lowest trading level at $130.15.

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To gain a deeper understanding of QCOM’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 21.96 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 38.70. For the most recent quarter (mrq), Quick Ratio is recorded 1.20 and its Current Ratio is at 1.70. In the meantime, Its Debt-to-Equity ratio is 0.86 whereas as Long-Term Debt/Eq ratio is at 0.75.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Barclays on January 23, 2023, Upgraded its rating to Overweight and sets its target price to $150 from $120 previously.

On December 12, 2022, Wells Fargo Downgraded its rating to Underweight which previously was Equal Weight but kept the price unchanged to $105.

On November 16, 2022, Credit Suisse started tracking the stock assigning a Outperform rating and target price of $150.Credit Suisse initiated its Outperform rating on November 16, 2022, with a $150 target price.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jan 03 when CATHEY JAMES J sold 2,084 shares for $111.09 per share. The transaction valued at 231,512 led to the insider holds 2,664 shares of the business.

ROGERS ALEXANDER H sold 26,427 shares of QCOM for $3,232,884 on Dec 06. The President QTL & Global Affairs now owns 51,179 shares after completing the transaction at $122.33 per share. On Nov 21, another insider, POLEK ERIN L, who serves as the SVP, Controller & CAO of the company, sold 2,894 shares for $121.10 each. As a result, the insider received 350,463 and left with 0 shares of the company.

Valuation Measures:

As of this moment, QUALCOMM’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.44, and their Forward P/E ratio for the next fiscal year is 10.75. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.17 while its Price-to-Book (P/B) ratio in mrq is 8.13.

Stock Price History:

Over the past 52 weeks, QCOM has reached a high of $192.10, while it has fallen to a 52-week low of $101.93. The 50-Day Moving Average of the stock is 118.44, while the 200-Day Moving Average is calculated to be 128.93.

Shares Statistics:

It appears that QCOM traded 8.43M shares on average per day over the past three months and 8.98M shares per day over the past ten days. A total of 1.12B shares are outstanding, with a floating share count of 1.12B. Insiders hold about 0.10% of the company’s shares, while institutions hold 74.10% stake in the company. Shares short for QCOM as of Oct 13, 2022 were 13.24M with a Short Ratio of 12.76M, compared to 14.13M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 1.18% and a Short% of Float of 1.18%.

Dividends & Splits

With its trailing 12-month dividend rate of 2.60, QCOM has a forward annual dividend rate of 3.00. Against a Trailing Annual Dividend Yield of 1.98%, it implies a Forward Annual Dividend Yield of 2.54%. The stock’s 5-year Average Dividend Yield is 2.83. The current Payout Ratio is 24.80% for QCOM, which recently paid a dividend on Mar 22, 2023 with an ex-dividend date of Nov 29, 2022. Stock splits for the company last occurred on Aug 15, 2004 when the company split stock in a 2:1 ratio.

Earnings Estimates

As of right now, 23 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $3.14 for the current quarter, with a high estimate of $3.23 and a low estimate of $3.07, while EPS last year was $2.55. The consensus estimate for the next quarter is $3.44, with high estimates of $3.99 and low estimates of $2.85.

Analysts are recommending an EPS of between $12.76 and $12.19 for the fiscal current year, implying an average EPS of $12.53. EPS for the following year is $12.83, with 29 analysts recommending between $15.95 and $11.46.

Revenue Estimates

In the current quarter, 22 analysts expect revenue to total $11.38B. It ranges from a high estimate of $11.45B to a low estimate of $11.22B. As of the current estimate, QUALCOMM Incorporated’s year-ago sales were $9.32B, an estimated increase of 22.10% from the year-ago figure.

A total of 31 analysts have provided revenue estimates for QCOM’s current fiscal year. The highest revenue estimate was $44.25B, while the lowest revenue estimate was $43.7B, resulting in an average revenue estimate of $44.13B. In the same quarter a year ago, actual revenue was $33.47B, up 31.90% from the average estimate. Based on 31 analysts’ estimates, the company’s revenue will be $46.65B in the next fiscal year. The high estimate is $52.37B and the low estimate is $43.75B. The average revenue growth estimate for next year is up 5.70% from the average revenue estimate for this year.