Currently, there are 1.11B common shares owned by the public and among those 1.11B shares have been available to trade.
Insiders at the company have transacted a total of 56 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 32 of these insider trades were purchases, accounting for 292,132 shares. Insider sales of the common stock occurred on 24 occasions, with total insider shares sold totaling 271,070 shares.
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However, the script later moved the day high at 152.90, down -0.48%. The company’s stock has a 5-day price change of -0.74% and 18.07% over the past three months. QCOM shares are trading 5.07% year to date (YTD), with the 12-month market performance up to 16.75% higher. It has a 12-month low price of $101.47 and touched a high of $157.98 over the same period. QCOM has an average intraday trading volume of 8.89 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.58%, 5.49%, and 23.78% respectively.
Institutional ownership of Qualcomm, Inc. (NASDAQ: QCOM) shares accounts for 76.31% of the company’s 1.11B shares outstanding.
It has a market capitalization of $169.59B and a beta (3y monthly) value of 1.41. The stock’s trailing 12-month PE ratio is 22.02, while the earnings-per-share (ttm) stands at $6.90. The company has a PEG of 2.63 and a Quick Ratio of 1.88 with the debt-to-equity ratio at 0.67. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.25% over the week and 2.26% over the month.
Analysts forecast that Qualcomm, Inc. (QCOM) will achieve an EPS of $Trip.com Group Limited for the current quarter, $41.44 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $QCON while analysts give the company a high EPS estimate of $micromobility.com Inc.. Comparatively, EPS for the current quarter was $Dime Community Bancshares, Inc. a year ago. Earnings per share for the fiscal year are expected to increase by 16.27%, and 11.19% over the next financial year.
Looking at the support for the QCOM, a number of firms have released research notes about the stock. TD Cowen stated their Outperform rating for the stock in a research note on February 01, 2024, with the firm’s price target at $160-$170. Citigroup coverage for the Qualcomm, Inc. (QCOM) stock in a research note released on February 01, 2024 offered a Neutral rating with a price target of $160. Cantor Fitzgerald was of a view on January 23, 2024 that the stock is Neutral, while Citigroup gave the stock Buy rating on January 12, 2024, issuing a price target of $160. Morgan Stanley on their part issued Equal-Weight rating on December 08, 2023.
