In yesterday’s Wall Street session, Qualcomm, Inc. (NASDAQ:QCOM) shares traded at $173.50, up 2.66% from the previous session.
QCOM stock price is now -8.25% away from the 50-day moving average and 4.19% away from the 200-day moving average. The market capitalization of the company currently stands at $193.28B.
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
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 $9.97 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 0.15% 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 $194800992256, which is based on a 22.49 price-to-earnings ratio, a 2.05 price-to-earnings-growth ratio, and a beta of 1.29. The fifty day moving average price for QCOM is $188.2612 and a two-hundred day moving average price translates $166.7869 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. For the current quarter, analysts expect QCOM to generate $9.9B in revenue.
Qualcomm, Inc.(QCOM) Company Profile
QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products. The QTL segment grants licenses or provides rights to use portions of its intellectual property portfolio, which include various patent rights useful in the manufacture and sale of wireless products comprising products implementing CDMA2000, WCDMA, LTE and/or OFDMA-based 5G standards and their derivatives. The QSI segment invests in early-stage companies in various industries, including 5G, artificial intelligence, automotive, consumer, enterprise, cloud, IoT, and extended reality, and investments, including non-marketable equity securities and, to a lesser extent, marketable equity securities, and convertible debt instruments. It also provides development, and other services and related products to the United States government agencies and their contractors. The company was incorporated in 1985 and is headquartered in San Diego, California.
