With 5.81 million shares changed hands, the volume of the stock remained lighter than its average volume of 9.77 million shares. During the session, the Semiconductors company that operates in wider Technology sector, reached to the highest price of $169.5 whereas the lowest price it dropped to was $166.08. The 52-week range on QCOM shows that it touched its highest point at $230.63 and its lowest point at $104.33 during that stretch. It currently has a 1-year price target of $218.35. With its current market cap of 187.93 billion, QCOM has annualized dividend of $3.30 while the current yield stands at 1.96%. Beta for the stock currently stands at 1.29.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of QCOM was up-trending over the past week, with a rise of 4.34%, but this was down by -2.02% over a month. Three-month performance dropped to -24.08% while six-month performance rose 1.07%. The stock gained 49.11% in the past year, while it has gained 16.64% so far this year. A look at the trailing 12-month EPS for QCOM yields 7.71 with Next year EPS estimates of 11.18. For the next quarter, that number is 2.54. This implies an EPS growth rate of 19.25% for this year and 11.17% for next year.
Float and Shares Shorts:
At present, 1.11 billion QCOM shares are outstanding with a float of 1.11 billion shares on hand for trading. On 2024-08-30, short shares totaled 22.4 million, which was 200.99999999999997 higher than short shares on 1722384000. In addition to Mr. Cristiano Renno Amon as the firm’s Chief Executive Officer, President & Director, Mr. Akash Palkhiwala serves as its CFO & COO.
Institutional Ownership:
Through their ownership of 0.80547994 of QCOM’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-23, QCOM reported revenue of $9393000000.0 and operating income of $2296000000.0. The EBITDA in the recently reported quarter was $2928000000.0 and diluted EPS was $nan.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for QCOM since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
