Stocks of Qualcomm, Inc. (NASDAQ:QCOM) traded higher last session on Wall Street, down -0.67% to $172.18.
QCOM stock price is now -10.69% away from the 50-day moving average and 4.33% away from the 200-day moving average. The market capitalization of the company currently stands at $191.81B.
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On August 02, 2024, DZ Bank Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $210, while ‘HSBC Securities’ rates the stock as ‘Hold’
In other news, Palkhiwala Akash J., CFO & COO sold 3,000 shares of the company’s stock on Aug 08 ’24. The stock was sold for $488,662 at an average price of $162.89. Upon completion of the transaction, the CFO & COO now directly owns 57,437 shares in the company, valued at $9.89 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 08 ’24, Chief Technology Officer THOMPSON JAMES H sold 4,539 shares of the business’s stock. A total of $746,212 was realized by selling the stock at an average price of $164.40. A total of 0.18% 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 0.59, a current ratio of 2.39, and a quick ratio of 1.78. According to the stock market information, the enterprise value for the company is $193330511872, which is based on a 22.32 price-to-earnings ratio, a 2.04 price-to-earnings-growth ratio, and a beta of 1.29. The fifty day moving average price for QCOM is $191.9858 and a two-hundred day moving average price translates $165.3549 for the stock.
The latest earnings results from Qualcomm, Inc. (NASDAQ: QCOM) was released for 2024-06-23. The net profit margin was 23.32% and return on equity was 38.92% for QCOM. The company reported revenue of $9.39 billion for the quarter, compared to $8.45 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.15 percent.
