As of November 21, 2023, Qualcomm Inc. (NASDAQ: QCOM) is currently trading at $126.31, reflecting a decrease of 2.47% in the current market session. Looking back over the past month, the stock has shown a notable increase of 15.46%, while over the past year, it has experienced a modest growth of 0.92%.
The price-to-earnings (P/E) ratio serves as a crucial metric for long-term shareholders, providing insights into a company’s market performance in comparison to aggregate market data, historical earnings, and the industry as a whole. In the case of Qualcomm Inc., its P/E ratio stands at 19.86, which is lower than the aggregate P/E ratio of 97.61 observed in the Semiconductors & Semiconductor Equipment industry. This suggests that the stock may be undervalued.
However, it is important to note that a lower P/E ratio could also imply that shareholders have lower expectations for the company’s future performance. Therefore, it is advisable for investors to consider the P/E ratio in conjunction with other financial metrics and qualitative analysis in order to make well-informed investment decisions.
Updated on: 29/11/2023
Debt to equity ratio: Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
We did not find social sentiment data for this stock
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Loop Capital Markets
Loop Capital Markets
QCOM Stock Performance Declines on November 21, 2023: Analysis, Earnings Growth, and Future Outlook
On November 21, 2023, Qualcomm Incorporated (QCOM) experienced a decline in its stock performance. The previous day’s closing price was $129.51, and the stock opened at $126.94 on this day. Throughout the trading session, the stock’s price fluctuated between a low of $125.78 and a high of $127.44. The trading volume for the day was 696,777 shares, which is significantly lower than the three-month average volume of 8,421,615 shares. The market capitalization of QCOM stands at $143.6 billion.
QCOM’s earnings growth over the past year has been negative, with a decline of 43.79%. However, the company has shown positive growth this year, with earnings increasing by 13.77%. Looking ahead, QCOM is expected to have a steady earnings growth rate of 9.03% over the next five years. The revenue growth for the previous year was negative, with a decline of 18.96%.
The price-to-earnings (P/E) ratio for QCOM is 19.4, indicating that investors are willing to pay $19.4 for every dollar of earnings. The price-to-sales ratio is 3.38, suggesting that the market values each dollar of QCOM’s sales at $3.38. The price-to-book ratio is 6.64, which implies that the market values each dollar of QCOM’s assets at $6.64.
In terms of other stocks in the industry, Motorola (MSI) experienced a slight increase of 0.18%, while Nokia Oyj (NOK) saw a decline of 1.67%. Telefonaktiebolaget Ericsson (ERIC) also experienced a decrease of 1.69%.
The next reporting date for QCOM is scheduled for January 31, 2024. Analysts forecast earnings per share (EPS) of $2.41 for this quarter. In the previous year, QCOM generated annual revenue of $35.8 billion and a profit of $7.2 billion. The net profit margin for the company is 20.49%.
QCOM operates in the Electronic Technology sector, specifically in the Semiconductors industry. However, no executives are currently displayed for the company. The corporate headquarters of QCOM are located in San Diego, California.
In conclusion, QCOM’s stock performance on November 21, 2023, saw a decline in price compared to the previous day’s close. Despite negative earnings growth in the past year, the company has shown positive growth this year and is expected to continue growing in the future. The stock’s performance should be monitored closely by investors, considering the volatility in the industry.
Qualcomm Incs Stock Performance and Future Outlook: Analysts Predict 10.24% Increase in Target Price
On November 21, 2023, Qualcomm Inc’s stock performance was closely watched by investors and analysts. According to data from CNN Money, 27 analysts offered their 12-month price forecasts for Qualcomm Inc, with a median target of $140.00. The high estimate was $167.70, while the low estimate stood at $100.00. This indicates a potential increase of 10.24% from the last price of $126.99.
The consensus among 33 polled investment analysts was to buy stock in Qualcomm Inc. This rating has remained steady since November, when it was unchanged from a buy rating. This suggests that analysts have maintained a positive outlook on the company’s performance.
Qualcomm Inc reported earnings per share of $2.41 for the current quarter, with sales amounting to $9.8 billion. These figures were reported on January 31, indicating the company’s strong financial position.
Overall, the data suggests that Qualcomm Inc has been performing well and is expected to continue its upward trajectory. The median target price of $140.00, as forecasted by analysts, indicates a positive sentiment towards the stock. Additionally, the consensus among investment analysts to buy the stock further strengthens this positive outlook.
Investors and market participants should keep a close eye on Qualcomm Inc’s future earnings reports and any developments in the industry that may impact its performance. It is important to conduct thorough research and analysis before making any investment decisions.