The stock of Qualcomm, Inc. (NASDAQ:QCOM) last traded at $206.62, down -1.35% from the previous session.
QCOM stock price is now 13.61% away from the 50-day moving average and 42.02% away from the 200-day moving average. The market capitalization of the company currently stands at $230.59B.
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With the price target enhanced from $200 to $235, TD Cowen maintained Buy rating for Qualcomm, Inc. (NASDAQ: QCOM). On May 31, 2024, BofA Securities reiterated its ‘Buy’ rating on the stock by increasing its target price from $180 to quote $245, while ‘The Benchmark Company’ rates the stock as ‘Buy’
In other news, THOMPSON JAMES H, Chief Technology Officer sold 8,000 shares of the company’s stock on Jun 03 ’24. The stock was sold for $1,676,880 at an average price of $209.61. Upon completion of the transaction, the Chief Technology Officer now directly owns 245,893 shares in the company, valued at $50.81 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 03 ’24, CFO & COO Palkhiwala Akash J. sold 3,000 shares of the business’s stock. A total of $617,299 was realized by selling the stock at an average price of $205.77. This leaves the insider owning 63,343 shares of the company worth $13.09 million. 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 $232193916928, which is based on a 27.77 price-to-earnings ratio, a 2.46 price-to-earnings-growth ratio, and a beta of 1.28. The fifty day moving average price for QCOM is $182.6148 and a two-hundred day moving average price translates $145.9742 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.
