With 7.79 million shares changed hands, the volume of the stock remained lighter than its average volume of 8.27 million shares. During the session, the Semiconductors company that operates in wider Technology sector, reached to the highest price of $176.79 whereas the lowest price it dropped to was $172.29. The 52-week range on QCOM shows that it touched its highest point at $230.63 and its lowest point at $139.26 during that stretch. It currently has a 1-year price target of $199.76. With its current market cap of 191.16 billion, QCOM has annualized dividend of $3.35 while the current yield stands at 1.94%. QCOM paid its most recent dividend on 1733356800, while the ex-dividend date for that was 1741219200. Beta for the stock currently stands at 1.26.
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 0.48%, but this was up by 11.87% over a month. Three-month performance dropped to -1.74% while six-month performance fell -4.43%. The stock gained 18.46% in the past year, while it has gained 12.57% so far this year. A look at the trailing 12-month EPS for QCOM yields 8.98 with Next year EPS estimates of 12.25. For the next quarter, that number is 2.96. This implies an EPS growth rate of 9.87% for this year and 9.11% for next year. EPS is expected to grow by 7.26% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 20.08%.
Float and Shares Shorts:
At present, 1.11 billion QCOM shares are outstanding with a float of 1.10 billion shares on hand for trading. On 2025-01-15, short shares totaled 24.01 million, which was 217.0 higher than short shares on 1734048000. In addition to Mr. Cristiano Renno Amon as the firm’s CEO, President & Director, Mr. Akash Palkhiwala serves as its CFO & COO.
Institutional Ownership:
Through their ownership of 0.80697 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 2024-09-29, QCOM reported revenue of $10244000000.0 and operating income of $2535000000.0. The EBITDA in the recently reported quarter was $3199000000.0 and diluted EPS was $2.59.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for QCOM since 25 analysts follow the stock currently. There are 16 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 8 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With QCOM analysts setting a high price target of 270.0 and a low target of 160.0, the average target price over the next 12 months is 202.6071. Based on these targets, QCOM could surge 56.13% to reach the target high and fall by -7.48% to reach the target low. Reaching the average price target will result in a growth of 17.16% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $10.12756 being high and $10.05757 being low. For QCOM, this leads to a yearly average estimate of $10.07757. Based on analyst estimates, the high estimate for the next quarter is $2.94 and the low estimate is $2.53. The average estimate for the next quarter is thus $2.71.
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