QUALCOMM Incorporated (QCOM) Monthly Report
Publication Date: September 22, 2024
Company Overview
QUALCOMM Incorporated (QCOM) is a leading technology company headquartered in San Diego, California. Established in 1985, QUALCOMM specializes in developing and commercializing essential technologies for the global wireless industry, operating through three main segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Strategic Initiatives (QSI). QCT focuses on integrated circuits and software for wireless technologies ranging from 3G to 5G. QTL manages licensing rights to the company’s extensive intellectual property portfolio, while QSI invests in early-stage companies in sectors such as 5G, artificial intelligence, and automotive. In the competitive semiconductor industry, QUALCOMM has reported approximately $37.35 billion in total revenue, highlighting its significant financial presence in the market.
Stock Performance Analysis
With a current price of $168.92, QUALCOMM’s stock shows considerable potential for growth, as evidenced by analyst projections indicating a target high price of $270.00 per share and an average target price of $211.47. The stock has demonstrated some volatility, marked by a fifty-two week high of $230.63 and a low of $104.33. Despite currently trading below its fifty-day moving average of $173.06, the stock reflects a mostly bullish sentiment among analysts, who predominantly recommend a “buy.” With only about 0.0201% of its 1.11 billion shares outstanding currently shorted, the indication is that confidence remains relatively high among investors regarding the company’s future.
Investment Outlook
The strong recommendation to invest in QUALCOMM stems from robust market dynamics and the escalating demand for semiconductor technology across various applications. With projected growth opportunities aligned with technological advancements, particularly in the 5G space, investors may find this an appealing investment. The consensus from 31 analysts, with a recommendation mean score of 2.2, further supports a predominantly optimistic outlook for QUALCOMM’s stock, making it a compelling option for investors looking to capitalize on favorable trends in the tech industry. As QUALCOMM continues to push the boundaries of innovation in wireless technology, its financial trajectory remains a critical focus for potential stakeholders in this evolving market.
| Metric | Value |
|---|---|
| Market Cap | $188.2b |
| Total Debt | $14.6b |
| Total Cash | $13.0b |
| Shares Outstanding | 1.1b |
| Float Shares | 1.1b |
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