Stocks of Qualcomm, Inc. (NASDAQ:QCOM) traded higher last session on Wall Street, down -6.88% to $163.24.
QCOM stock price is now -11.04% away from the 50-day moving average and -2.86% away from the 200-day moving average. The market capitalization of the company currently stands at $181.85B.
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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, Akash Palkhiwala, Chief Financial Officer bought 3,000 shares of the company’s stock on Sep 03 ’24. The stock was bought for $489,720 at an average price of $163.24. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 03 ’24, Officer JAMES H THOMPSON bought 8,000 shares of the business’s stock. A total of $1,373,760 was incurred on buying the stock at an average price of $171.72. 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 $183371366400, which is based on a 21.16 price-to-earnings ratio, a 1.93 price-to-earnings-growth ratio, and a beta of 1.28. The fifty day moving average price for QCOM is $182.5182 and a two-hundred day moving average price translates $168.2219 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.
