Stocks of Qualcomm, Inc. (NASDAQ:QCOM) traded higher last session on Wall Street, down -0.83% to $193.35.
QCOM stock price is now -4.81% away from the 50-day moving average and 21.12% away from the 200-day moving average. The market capitalization of the company currently stands at $215.78B.
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With the price target maintained at $200, HSBC Securities recently Downgraded its rating from Buy to Hold for Qualcomm, Inc. (NASDAQ: QCOM). On June 04, 2024, TD Cowen reiterated its ‘Buy’ rating on the stock by increasing its target price from $200 to quote $235, while ‘BofA Securities’ rates the stock as ‘Buy’
In other news, Palkhiwala Akash J., CFO & COO sold 3,000 shares of the company’s stock on Jul 05 ’24. The stock was sold for $616,815 at an average price of $205.61. Upon completion of the transaction, the CFO & COO now directly owns 60,343 shares in the company, valued at $11.67 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 01 ’24, Chief Technology Officer THOMPSON JAMES H sold 8,000 shares of the business’s stock. A total of $1,595,760 was realized by selling the stock at an average price of $199.47. This leaves the insider owning 237,893 shares of the company worth $46.0 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 $230.63. 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 $217384599552, which is based on a 25.98 price-to-earnings ratio, a 2.30 price-to-earnings-growth ratio, and a beta of 1.27. The fifty day moving average price for QCOM is $203.3744 and a two-hundred day moving average price translates $160.04875 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.
