Perhaps timely catching Qualcomm, Inc. (QCOM) would be a good idea

With 7.33 million shares changed hands, the volume of the stock remained lighter than its average volume of 8.88 million shares. During the session, the Semiconductors company that operates in wider Technology sector, reached to the highest price of $145.95 whereas the lowest price it dropped to was $143.63. The 52-week range on QCOM shows that it touched its highest point at $157.98 and its lowest point at $101.47 during that stretch. It currently has a 1-year price target of $160.49. With its current market cap of 162.81 billion, QCOM has annualized dividend of $3.33 while the current yield stands at 2.28%. Beta for the stock currently stands at 1.41.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of QCOM was down-trending over the past week, with a drop of -1.76%, but this was up by 4.93% over a month. Three-month performance surged to 21.65% while six-month performance rose 23.99%. The stock gained 9.75% in the past year, while it has gained 0.87% so far this year. A look at the trailing 12-month EPS for QCOM yields 6.90 with Next year EPS estimates of 10.89. For the next quarter, that number is 2.31. This implies an EPS growth rate of 15.97% for this year and 11.37% for next year.

Float and Shares Shorts:

At present, 1.12 billion QCOM shares are outstanding with a float of 1.11 billion shares on hand for trading. On Jan 11, 2024, short shares totaled 14.42 million, which was 1.29% higher than short shares on Dec 14, 2023. In addition to Mr. Cristiano Renno Amon as the firm’s Chief Executive Officer, President & Director, Mr. Akash Palkhiwala serves as its CFO & COO.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for QCOM since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With QCOM analysts setting a high price target of $180.00 and a low target of $120.00, the average target price over the next 12 months is $160.49. Based on these targets, QCOM could surge 23.38% to reach the target high and fall by -17.75% to reach the target low. Reaching the average price target will result in a growth of 10.01% from current levels.

Dividends & Yield:

In terms of dividends, QCOM has a current ratio of $3.2, which is $3.2 over the trailing 12-months, while a dividend of $2.68 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and QCOM currently yields $2.16. In the past year, QCOM’s dividend yield has been $2.16, but when looking at the stock over the past five years, its yield has been $2.46. Accordingly, QCOM has a current buyback yield of $1.26. This was $1.26 for the TTM, and it was $5.74 for the past five years.

Summary of Insider Activity:

Insiders traded QCOM stock several times over the past three months with 0 Buys and 2 Sells. In these transactions, 0 shares were bought while 11,000 shares were sold. The number of buy transactions has increased to 32 while that of sell transactions has risen to 25 over the past year. The total number of shares bought during that period was 292,132 while 281,069 shares were sold.