The price of Qualcomm, Inc (NASDAQ:QCOM) shares last traded on Wall Street rose 4.27% to $172.99.
QCOM stock price is now 2.68% away from the 50-day moving average and -1.35% away from the 200-day moving average. The market capitalization of the company currently stands at $192.71B.
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With the price target reduced from $200 to $185, Citigroup maintained Neutral rating for Qualcomm, Inc (NASDAQ: QCOM). , while ‘Wolfe Research’ rates the stock as ‘Peer Perform’
In other news, CHAPLIN ANN C, General Counsel&Corp Secretary sold 1,901 shares of the company’s stock on Nov 04 ’24. The stock was sold for $313,779 at an average price of $165.06. Upon completion of the transaction, the General Counsel&Corp Secretary now directly owns 12,007 shares in the company, valued at $2.08 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 04 ’24, Officer ANN CHAPLIN bought 1,901 shares of the business’s stock. A total of $313,779 was incurred on buying the stock at an average price of $165.06. 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 $118.38 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 $194232860672, which is based on a 22.42 price-to-earnings ratio, a 2.27 price-to-earnings-growth ratio, and a beta of 1.29. The fifty day moving average price for QCOM is $168.498 and a two-hundred day moving average price translates $175.25365 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.
