Market Watch: Qualcomm, Inc. (QCOM)’s Noteworthy Drop, Closing at 167.15

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As of close of business last night, Qualcomm, Inc.’s stock clocked out at $167.15, down -1.37% from its previous closing price of $169.47. In other words, the price has decreased by -$1.37 from its previous closing price. On the day, 6.83 million shares were traded. QCOM stock price reached its highest trading level at $171.2587 during the session, while it also had its lowest trading level at $164.7248.

Ratios:

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 14.29 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.82. For the most recent quarter (mrq), Quick Ratio is recorded 1.78 and its Current Ratio is at 2.39. In the meantime, Its Debt-to-Equity ratio is 0.59 whereas as Long-Term Debt/Eq ratio is at 0.53.

On August 02, 2024, DZ Bank Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $210.

HSBC Securities Downgraded its Buy to Hold on July 17, 2024, while the target price for the stock was maintained at $200.

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 Aug 08 ’24 when Palkhiwala Akash J. sold 3,000 shares for $162.89 per share. The transaction valued at 488,662 led to the insider holds 57,437 shares of the business.

THOMPSON JAMES H sold 4,539 shares of QCOM for $746,212 on Aug 08 ’24. The Chief Technology Officer now owns 0 shares after completing the transaction at $164.40 per share. On Aug 08 ’24, another insider, Akash Palkhiwala, who serves as the Chief Financial Officer of the company, bought 3,000 shares for $164.95 each.

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 186205093888 and an Enterprise Value of 190311579648. As of this moment, Qualcomm,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.67, and their Forward P/E ratio for the next fiscal year is 14.95. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.98. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.99 while its Price-to-Book (P/B) ratio in mrq is 7.56. Its current Enterprise Value per Revenue stands at 5.095 whereas that against EBITDA is 16.456.

Stock Price History:

The Beta on a monthly basis for QCOM is 1.30, which has changed by 0.5184411 over the last 52 weeks, in comparison to a change of 0.24822903 over the same period for the S&P500. Over the past 52 weeks, QCOM has reached a high of $230.63, while it has fallen to a 52-week low of $104.33. The 50-Day Moving Average of the stock is -13.92%, while the 200-Day Moving Average is calculated to be 1.68%.

Shares Statistics:

It appears that QCOM traded 10.64M shares on average per day over the past three months and 11398650 shares per day over the past ten days. A total of 1.11B shares are outstanding, with a floating share count of 1.11B. Insiders hold about 0.18% of the company’s shares, while institutions hold 78.61% stake in the company. Shares short for QCOM as of 1722384000 were 30223007 with a Short Ratio of 2.84, compared to 1719532800 on 27851029. Therefore, it implies a Short% of Shares Outstanding of 30223007 and a Short% of Float of 2.7199999999999998.

Dividends & Splits

With its trailing 12-month dividend rate of 3.25, QCOM has a forward annual dividend rate of 3.25. Against a Trailing Annual Dividend Yield of 0.019177435The stock’s 5-year Average Dividend Yield is 2.26. The current Payout Ratio is 48.27% for QCOM, which recently paid a dividend on 2024-05-30 with an ex-dividend date of 1725494400. Stock splits for the company last occurred on 2004-08-16 when the company split stock in a 2:1 ratio.

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