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After finishing at $160.18 in the prior trading day, Qualcomm, Inc. (NASDAQ: QCOM) closed at $161.35, up 0.73%. In other words, the price has increased by $0.73 from its previous closing price. On the day, 6.59 million shares were traded. QCOM stock price reached its highest trading level at $162.255 during the session, while it also had its lowest trading level at $159.68.
Ratios:
Our goal is to gain a better understanding of QCOM by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 14.94 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.21. 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, The Benchmark Company on Apr-24-24, initiated with a Buy rating and assigned the stock a target price of $200.
On April 16, 2024, Evercore ISI started tracking the stock assigning a In-line rating and target price of $177.
TD Cowen reiterated its Outperform rating for the stock on February 01, 2024, while the target price for the stock was revised from $160 to $170.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Apr 04 ’24 when Palkhiwala Akash J. sold 3,000 shares for $173.49 per share. The transaction valued at 520,480 led to the insider holds 69,343 shares of the business.
THOMPSON JAMES H sold 8,000 shares of QCOM for $1,346,160 on Apr 01 ’24. The Chief Technology Officer now owns 261,893 shares after completing the transaction at $168.27 per share. On Mar 07 ’24, another insider, AMON CRISTIANO R, who serves as the President & CEO of the company, sold 8,100 shares for $169.60 each. As a result, the insider received 1,373,760 and left with 16,200 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 180066598912 and an Enterprise Value of 182186885120. As of this moment, Qualcomm,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.38, and their Forward P/E ratio for the next fiscal year is 14.51. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.80. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.96 while its Price-to-Book (P/B) ratio in mrq is 7.82. Its current Enterprise Value per Revenue stands at 5.02 whereas that against EBITDA is 16.787.
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 -2.01%, while the 200-Day Moving Average is calculated to be 20.00%.
Shares Statistics:
The stock has traded on average 8.69M shares per day over the past 3-months and 7556070 shares per day over the last 10 days, according to various share statistics. 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 76.33% stake in the company. Shares short for QCOM as of 1711584000 were 19406325 with a Short Ratio of 2.23, compared to 1709164800 on 17222603. Therefore, it implies a Short% of Shares Outstanding of 19406325 and a Short% of Float of 1.7399999999999998.
Dividends & Splits
In the trailing 12 months, QCOM’s forward annual dividend rate was 3.15, compared to 3.20 this year. Against a Trailing Annual Dividend Yield of 0.019665377The stock’s 5-year Average Dividend Yield is 2.37.
Earnings Estimates
The firm’s stock currently is rated by 24.0 analysts. On average, analysts expect EPS of $2.18 for the current quarter, with a high estimate of $2.4 and a low estimate of $2.13, while EPS last year was $2.15. The consensus estimate for the next quarter is $2.04, with high estimates of $2.28 and low estimates of $1.77.
Analysts are recommending an EPS of between $9.98 and $8.67 for the fiscal current year, implying an average EPS of $9.19. EPS for the following year is $10.16, with 31.0 analysts recommending between $11.56 and $9.25.
Revenue Estimates
For the next quarter, 24 analysts are estimating revenue of $8.51B. There is a high estimate of $8.99B for the next quarter, whereas the lowest estimate is $8.05B.
A total of 33 analysts have provided revenue estimates for QCOM’s current fiscal year. The highest revenue estimate was $37.67B, while the lowest revenue estimate was $34.85B, resulting in an average revenue estimate of $35.85B. In the same quarter a year ago, actual revenue was $35.83BBased on 33 analysts’ estimates, the company’s revenue will be $39.02B in the next fiscal year. The high estimate is $43.22B and the low estimate is $36.84B.
