QUALCOMM (QCOM) Stock Forecast, Price & News

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for QUALCOMM in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" QCOM shares.
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20 Wall Street analysts have issued 1 year price targets for QUALCOMM's shares. Their QCOM share price forecasts range from $120.00 to $165.00. On average, they expect the company's stock price to reach $143.26 in the next year. This suggests a possible upside of 25.0% from the stock's current price.
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QUALCOMM's stock was trading at $109.94 at the beginning of the year. Since then, QCOM stock has increased by 4.2% and is now trading at $114.61.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our QCOM earnings forecast.

QUALCOMM Incorporated (NASDAQ:QCOM) issued its quarterly earnings results on Thursday, February, 2nd. The wireless technology company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $0.02. The wireless technology company had revenue of $9.46 billion for the quarter, compared to analyst estimates of $9.57 billion. QUALCOMM had a net margin of 22.33% and a trailing twelve-month return on equity of 45.94%. The business's quarterly revenue was down 11.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.96 earnings per share.
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QUALCOMM declared a quarterly dividend on Wednesday, July 5th. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.80 per share on Thursday, September 21st. This represents a $3.20 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date is Wednesday, August 30th.
Read our dividend analysis for QCOM.

ETFs with the largest weight of QUALCOMM (NASDAQ:QCOM) stock in their portfolio include Strive U.S. Semiconductor ETF (SHOC), First Trust Nasdaq Semiconductor ETF (FTXL), ProShares Metaverse ETF (VERS), VanEck Semiconductor ETF (SMH), First Trust NASDAQ Technology Dividend Index Fund (TDIV), Invesco PHLX Semiconductor ETF (SOXQ), iShares Semiconductor ETF (SOXX) and TrueShares Low Volatility Equity Income ETF (DIVZ).

QUALCOMM (NASDAQ:QCOM) pays an annual dividend of $3.20 per share and currently has a dividend yield of 2.79%. The company has been increasing its dividend for 21 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 41.88%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, QCOM will have a dividend payout ratio of 43.78% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for QCOM.

QUALCOMM declared that its board has approved a stock repurchase plan on Tuesday, October 12th 2021, which allows the company to buyback $10,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to buy up to 7.2% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board believes its shares are undervalued.

QUALCOMM updated its fourth quarter earnings guidance on Wednesday, August, 2nd. The company provided earnings per share (EPS) guidance of $1.80-$2.00 for the period, compared to the consensus EPS estimate of $1.92. The company issued revenue guidance of $8.1-$8.9 billion, compared to the consensus revenue estimate of $8.74 billion.

2,209 employees have rated QUALCOMM Chief Executive Officer Steve Mollenkopf on Glassdoor.com. Steve Mollenkopf has an approval rating of 87% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other QUALCOMM investors own include NVIDIA (NVDA), Intel (INTC), Cisco Systems (CSCO), AT&T (T), Micron Technology (MU), Advanced Micro Devices (AMD), Walt Disney (DIS), Alibaba Group (BABA), Verizon Communications (VZ) and Johnson & Johnson (JNJ).

QUALCOMM trades on the NASDAQ under the ticker symbol "QCOM."

QUALCOMM's stock is owned by a variety of institutional and retail investors. Top institutional investors include Bank Julius Baer & Co. Ltd Zurich (58.76%), BlackRock Inc. (7.62%), Geode Capital Management LLC (1.93%), Northern Trust Corp (1.06%), Bank of New York Mellon Corp (0.98%) and Capital International Investors (0.80%). Insiders that own company stock include Akash J Palkhiwala, Alexander H Rogers, Alexander H Rogers, Brian Modoff, Cristiano R Amon, Donald J Rosenberg, Erin L Polek, Erin L Polek, Erin L Polek, James H Thompson, James J Cathey and Jeffrey William Henderson.
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Shares of QCOM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of QCOM stock can currently be purchased for approximately $114.61.

QUALCOMM (NASDAQ:QCOM) has a market capitalization of $127.90 billion and generates $44.20 billion in revenue each year. The wireless technology company earns $12.94 billion in net income (profit) each year or $7.64 on an earnings per share basis.

The company employs 51,000 workers across the globe.

QUALCOMM's mailing address is 5775 MOREHOUSE DRIVE, SAN DIEGO CA, 92121. The official website for the company is www.qualcomm.com. The wireless technology company can be reached via phone at (858) 587-1121, via email at ir@qualcomm.com, or via fax at 858-658-2100.