Currently, there are 1.11B common shares owned by the public and among those 1.11B shares have been available to trade.
The company’s stock has a 5-day price change of 1.88% and -0.70% over the past three months. QCOM shares are trading 16.36% year to date (YTD), with the 12-month market performance up to 40.12% higher. It has a 12-month low price of $119.85 and touched a high of $230.63 over the same period. QCOM has an average intraday trading volume of 8.08 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 -0.85%, -0.06%, and -4.17% respectively.
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Institutional ownership of Qualcomm, Inc (NASDAQ: QCOM) shares accounts for 78.35% of the company’s 1.11B shares outstanding.
It has a market capitalization of $184.81B and a beta (3y monthly) value of 1.28. The stock’s trailing 12-month PE ratio is 18.75, while the earnings-per-share (ttm) stands at $8.98. The company has a PEG of 2.17 and a Quick Ratio of 1.72 with the debt-to-equity ratio at 0.59. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.91% over the week and 3.14% over the month.
Earnings per share for the fiscal year are expected to increase by 9.94%, and 10.07% over the next financial year. EPS should shrink at an annualized rate of 8.62% over the next five years, compared to 20.08% over the past 5-year period.
Looking at the support for the QCOM, a number of firms have released research notes about the stock. Citigroup stated their Neutral rating for the stock in a research note on October 16, 2024, with the firm’s price target at $200-$185. Wolfe Research was of a view on August 12, 2024 that the stock is Peer Perform, while DZ Bank gave the stock Buy rating on August 02, 2024, issuing a price target of $210. HSBC Securities on their part issued Hold rating on July 17, 2024.
