While Qualcomm, Inc has underperformed by -2.66%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, QCOM rose by 17.67%, with highs and lows ranging from $230.63 to $134.07, whereas the simple moving average fell by -11.42% in the last 200 days.
On December 09, 2024, Melius started tracking Qualcomm, Inc (NASDAQ: QCOM) recommending Hold. A report published by Loop Capital on November 12, 2024, Initiated its previous ‘Hold’ rating for QCOM. Citigroup also reiterated QCOM shares as ‘Neutral’, quoting a target price of $185 on the company’s shares in a report dated October 16, 2024. Wolfe Research August 12, 2024d its ‘Outperform’ rating to ‘Peer Perform’ for QCOM, as published in its report on August 12, 2024. DZ Bank’s report from August 02, 2024 suggests a price prediction of $210 for QCOM shares, giving the stock a ‘Buy’ rating. HSBC Securities also rated the stock as ‘Hold’.
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Analysis of Qualcomm, Inc (QCOM)
It’s important to note that QCOM shareholders are currently getting $3.35 per share in dividends, so investors will receive a return regardless of how the company performs. Further, the quarter-over-quarter increase in sales is 18.69%, showing a positive trend in the upcoming months.
Qualcomm, Inc’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of 42.25% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.72, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and QCOM is registering an average volume of 8.21M. On a monthly basis, the volatility of the stock is set at 2.69%, whereas on a weekly basis, it is put at 2.70%, with a loss of -3.76% over the past seven days. Furthermore, long-term investors anticipate a median target price of $203.48, showing growth from the present price of $156.46, which can serve as yet another indication of whether QCOM is worth investing in or should be passed over.
How Do You Analyze Qualcomm, Inc Shares?
A giant in the Semiconductors market, Qualcomm, Inc (QCOM) is based in the USA. When comparing Qualcomm, Inc shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 17.43, there is a growth in quarterly earnings of 95.41%.
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.08%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 77.23% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
QCOM shares are owned by institutional investors to the tune of 77.23% at present.
