Stocks of Qualcomm, Inc. (NASDAQ:QCOM) traded higher last session on Wall Street, up 0.91% to $205.91.
QCOM stock price is now 15.20% away from the 50-day moving average and 43.46% away from the 200-day moving average. The market capitalization of the company currently stands at $229.80B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target enhanced from $180 to $245, BofA Securities maintained Buy rating for Qualcomm, Inc. (NASDAQ: QCOM). On April 23, 2024, The Benchmark Company recently initiated its ‘Buy’ rating on the stock quoting a target price of $200, while ‘Evercore ISI’ rates the stock as ‘In-line’
In other news, MARTIN NEIL, SVP, Finance and CAO sold 358 shares of the company’s stock on May 22 ’24. The stock was sold for $72,362 at an average price of $202.13. Upon completion of the transaction, the SVP, Finance and CAO now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On May 21 ’24, Director Smit Neil sold 3,069 shares of the business’s stock. A total of $616,670 was realized by selling the stock at an average price of $200.94. 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 $104.33 and a high of $217.43. 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 stock market information, the enterprise value for the company is $231401553920, which is based on a 27.67 price-to-earnings ratio, a 2.45 price-to-earnings-growth ratio, and a beta of 1.30. The fifty day moving average price for QCOM is $179.4446 and a two-hundred day moving average price translates $144.0142 for the stock.
The latest earnings results from Qualcomm, Inc. (NASDAQ: QCOM) was released for 2024-03-24. 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.
