In yesterday’s Wall Street session, Qualcomm, Inc. (NASDAQ:QCOM) shares traded at $180.15, down -0.93% from the previous session.
QCOM stock price is now 7.27% away from the 50-day moving average and 31.59% away from the 200-day moving average. The market capitalization of the company currently stands at $201.05B.
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With the price target of $200, The Benchmark Company recently initiated with Buy rating for Qualcomm, Inc. (NASDAQ: QCOM). On April 16, 2024, Evercore ISI recently initiated its ‘In-line’ rating on the stock quoting a target price of $177, while ‘TD Cowen’ rates the stock as ‘Outperform’
In other news, THOMPSON JAMES H, Chief Technology Officer sold 8,000 shares of the company’s stock on May 03 ’24. The stock was sold for $1,456,000 at an average price of $182.00. Upon completion of the transaction, the Chief Technology Officer now directly owns 253,893 shares in the company, valued at $45.74 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 03 ’24, Director ACEVEDO SYLVIA sold 2,056 shares of the business’s stock. A total of $366,400 was realized by selling the stock at an average price of $178.21. This leaves the insider owning 54 shares of the company worth $9728.1. A total of 0.21% of the company’s stock is owned by insiders.
During the past 12 months, Qualcomm, Inc. has had a low of $101.47 and a high of $183.19. As of last week, the company has a debt-to-equity ratio of 0.63, a current ratio of 2.65, and a quick ratio of 1.98.
According to the Semiconductors Company, earnings per share came in at 1.87, beating analysts’ expectations of 1.81 by 0.06. This compares to $0.00 EPS in the same period last year. The net profit margin was 23.03% and return on equity was 38.26% for QCOM. The company reported revenue of $9.39 billion for the quarter, compared to $9.28 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.23 percent. For the current quarter, analysts expect QCOM to generate $9.2B in revenue.
