The price of Qualcomm, Inc. (NASDAQ: QCOM) closed at $164.10 in the last session, down -1.69% from day before closing price of $166.92. In other words, the price has decreased by -$2.82 from its previous closing price. On the day, 7397615 shares were traded.
Ratios:
We take a closer look at QCOM’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.19 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.52. For the most recent quarter (mrq), Quick Ratio is recorded 1.88 and its Current Ratio is at 2.56. In the meantime, Its Debt-to-Equity ratio is 0.67 whereas as Long-Term Debt/Eq ratio is at 0.63.
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 this company, TD Cowen on February 01, 2024, Reiterated its Outperform rating but revised its target price to $170 from $160 previously.
On February 01, 2024, Citigroup Downgraded its rating to Neutral which previously was Buy but kept the price unchanged to $160.
On January 23, 2024, Cantor Fitzgerald started tracking the stock assigning a Neutral rating and target price of $150.Cantor Fitzgerald initiated its Neutral rating on January 23, 2024, with a $150 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 07 ’24 when AMON CRISTIANO R sold 8,100 shares for $169.60 per share. The transaction valued at 1,373,760 led to the insider holds 16,200 shares of the business.
Palkhiwala Akash J. sold 7,000 shares of QCOM for $1,225,118 on Mar 07 ’24. The CFO & COO now owns 72,343 shares after completing the transaction at $175.02 per share. On Mar 05 ’24, another insider, MARTIN NEIL, who serves as the SVP, Finance and CAO of the company, sold 689 shares for $160.64 each. As a result, the insider received 110,680 and left with 0 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, QCOM now has a Market Capitalization of 186.25B and an Enterprise Value of 189.68B. As of this moment, Qualcomm,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.78, and their Forward P/E ratio for the next fiscal year is 14.91. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.85. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.05 while its Price-to-Book (P/B) ratio in mrq is 7.96. Its current Enterprise Value per Revenue stands at 5.23 whereas that against EBITDA is 17.92.
Stock Price History:
Over the past 52 weeks, QCOM has reached a high of $177.59, while it has fallen to a 52-week low of $101.47. The 50-Day Moving Average of the stock is 153.90, while the 200-Day Moving Average is calculated to be 128.62.
Shares Statistics:
According to the various share statistics, QCOM traded on average about 8.92M shares per day over the past 3-months and 10.03M shares per day over the past 10 days. A total of 1.11B shares are outstanding, with a floating share count of 1.11B. Insiders hold about 0.21% of the company’s shares, while institutions hold 76.34% stake in the company. Shares short for QCOM as of Feb 29, 2024 were 17.22M with a Short Ratio of 1.93, compared to 14.93M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.54% and a Short% of Float of 1.54%.
Dividends & Splits
The forward annual dividend rate for QCOM is 3.20, which was 3.15 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 1.89%, it implies a Forward Annual Dividend Yield of 1.95%. The stock’s 5-year Average Dividend Yield is 2.41. The current Payout Ratio is 48.27% for QCOM, which recently paid a dividend on Mar 21, 2024 with an ex-dividend date of Feb 28, 2024. Stock splits for the company last occurred on Aug 16, 2004 when the company split stock in a 2:1 ratio.
Earnings Estimates
The company has 23 analysts who recommend its stock at the moment. On average, analysts expect EPS of $2.31 for the current quarter, with a high estimate of $2.36 and a low estimate of $2.27, while EPS last year was $2.15. The consensus estimate for the next quarter is $2.16, with high estimates of $2.43 and low estimates of $1.89.
Analysts are recommending an EPS of between $10.64 and $9.24 for the fiscal current year, implying an average EPS of $9.76. EPS for the following year is $10.76, with 29 analysts recommending between $12.07 and $9.86.
Revenue Estimates
A total of 31 analysts have provided revenue estimates for QCOM’s current fiscal year. The highest revenue estimate was $39.58B, while the lowest revenue estimate was $37.14B, resulting in an average revenue estimate of $38.13B. In the same quarter a year ago, actual revenue was $35.83B, up 6.40% from the average estimate. Based on 31 analysts’ estimates, the company’s revenue will be $41.41B in the next fiscal year. The high estimate is $44.44B and the low estimate is $39.27B. The average revenue growth estimate for next year is up 8.60% from the average revenue estimate for this year.
