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The price of Qualcomm, Inc. (NASDAQ: QCOM) closed at $178.64 in the last session, down -0.78% from day before closing price of $180.05. In other words, the price has decreased by -$0.78 from its previous closing price. On the day, 5.97 million shares were traded. QCOM stock price reached its highest trading level at $182.64 during the session, while it also had its lowest trading level at $177.85.
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 14.39 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.27. For the most recent quarter (mrq), Quick Ratio is recorded 1.98 and its Current Ratio is at 2.65. In the meantime, Its Debt-to-Equity ratio is 0.63 whereas as Long-Term Debt/Eq ratio is at 0.59.
On June 04, 2024, TD Cowen reiterated its Buy rating and also lowered its target price recommendation from $200 to $235.
BofA Securities reiterated its Buy rating for the stock on May 31, 2024, while the target price for the stock was revised from $180 to $245.
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 Jul 05 ’24 when Palkhiwala Akash J. sold 3,000 shares for $205.61 per share. The transaction valued at 616,815 led to the insider holds 60,343 shares of the business.
THOMPSON JAMES H sold 8,000 shares of QCOM for $1,595,760 on Jul 01 ’24. The Chief Technology Officer now owns 237,893 shares after completing the transaction at $199.47 per share. On Jun 03 ’24, another insider, THOMPSON JAMES H, who serves as the Chief Technology Officer of the company, sold 8,000 shares for $209.61 each. As a result, the insider received 1,676,880 and left with 245,893 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 199362232320 and an Enterprise Value of 200968241152. As of this moment, Qualcomm,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.01, and their Forward P/E ratio for the next fiscal year is 15.74. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.13. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.48 while its Price-to-Book (P/B) ratio in mrq is 8.16. Its current Enterprise Value per Revenue stands at 5.52 whereas that against EBITDA is 18.545.
Stock Price History:
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 -12.00%, while the 200-Day Moving Average is calculated to be 10.91%.
Shares Statistics:
According to the various share statistics, QCOM traded on average about 10.05M shares per day over the past 3-months and 9330950 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 0.19% of the company’s shares, while institutions hold 77.69% stake in the company. Shares short for QCOM as of 1721001600 were 28566603 with a Short Ratio of 2.84, compared to 1718323200 on 23279614. Therefore, it implies a Short% of Shares Outstanding of 28566603 and a Short% of Float of 2.56.
Dividends & Splits
The forward annual dividend rate for QCOM is 3.25, which was 3.2 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.01777284The stock’s 5-year Average Dividend Yield is 2.29.
