Can Qualcomm, Inc.’s (QCOM) hike of 4.57% in a week be considered a lucky break?

On November 20, 2023, Qualcomm, Inc. (NASDAQ: QCOM) opened at $129.44, higher 0.03% from the last session. During the day, the shares moved up to $130.1199 and dropped to $129.02 before settling in for the closing price of $129.47. Price fluctuations for QCOM have ranged from $101.47 to $139.94 over the past 52 weeks.

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Annual sales at Technology sector company grew by 11.93% over the past five years. Company’s average yearly earnings per share was noted 9.99% at the time writing. With a float of $1.11 billion, this company’s outstanding shares have now reached $1.11 billion.

Let’s look at the performance matrix of the company that is accounted for 50000 employees. In terms of profitability, gross margin is +55.70, operating margin of +24.15, and the pretax margin is +20.78.

Qualcomm, Inc. (QCOM) Insider and Institutional Ownership

A key investor’s attitude towards the stock of the Semiconductors industry is another important factor to consider. The insider ownership of Qualcomm, Inc. is 0.10%, while institutional ownership is 75.44%. The most recent insider transaction that took place on Nov 13, was worth 124,000. In this transaction Chief Commercial Officer of this company sold 1,000 shares at a rate of $124.00, taking the stock ownership to the 3,745 shares. Before that another transaction happened on Nov 09, when Company’s Chief Technology Officer sold 10,000 for $120.11, making the entire transaction worth $1,201,132. This insider now owns 243,795 shares in total.

Qualcomm, Inc. (QCOM) Latest Financial update

If we go through the results of last quarter, which was made public on 9/29/2023, the company posted $2.02 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $1.91) by $0.11. This company achieved a net margin of +20.49 while generating a return on equity of 37.07. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.05 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 9.99% per share during the next fiscal year.

Qualcomm, Inc. (NASDAQ: QCOM) Trading Performance Indicators

Check out the current performance indicators for Qualcomm, Inc. (QCOM). In the past quarter, the stock posted a quick ratio of 1.62. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.02. Likewise, its price to free cash flow for the trailing twelve months is 14.64.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 6.42, a number that is poised to hit 2.34 in the next quarter and is forecasted to reach 10.41 in one year’s time.

Technical Analysis of Qualcomm, Inc. (QCOM)

Qualcomm, Inc. (NASDAQ: QCOM) saw its 5-day average volume 8.88 million, a positive change from its year-to-date volume of 8.09 million. As of the previous 9 days, the stock’s Stochastic %D was 90.13%. Additionally, its Average True Range was 2.73.

During the past 100 days, Qualcomm, Inc.’s (QCOM) raw stochastic average was set at 87.92%, which indicates a significant decrease from 96.03% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.37% in the past 14 days, which was lower than the 31.06% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $113.68, while its 200-day Moving Average is $117.12. Nevertheless, the first resistance level for the watch stands at $130.08 in the near term. At $130.65, the stock is likely to face the second major resistance level. The third major resistance level sits at $131.18. If the price goes on to break the first support level at $128.98, it is likely to go to the next support level at $128.45. The third support level lies at $127.88 if the price breaches the second support level.

Qualcomm, Inc. (NASDAQ: QCOM) Key Stats

There are currently 1,116,000K shares outstanding in the company with a market cap of 144.14 billion. Presently, the company’s annual sales total 35,820 M according to its annual income of 7,232 M. Last quarter, the company’s sales amounted to 8,631 M and its income totaled 1,490 M.


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