Let’s look at the key reasons that are pushing Qualcomm, Inc. (QCOM) to new highs

On Friday, Qualcomm, Inc. (NASDAQ: QCOM) was 1.29% up from the session before settling in for the closing price of $168.10. A 52-week range for QCOM has been $104.33 – $230.63.

During the last 5-year period, the sales growth of Technology Sector giant was 13.08%. When this article was written, the company’s average yearly earnings per share was at 19.29%. With a float of $1.11 billion, this company’s outstanding shares have now reached $1.11 billion.

Let’s determine the extent of company efficiency that accounts for 50000 employees. In terms of profitability, gross margin is 55.9%, operating margin of 24.03%, and the pretax margin is 24.52%.

Qualcomm, Inc. (QCOM) Breakdown of a Key Holders of the stock

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Qualcomm, Inc. stocks. The insider ownership of Qualcomm, Inc. is 0.15%, while institutional ownership is 78.04%. The most recent insider transaction that took place on Oct 01 ’24, was worth 1,358,400. In this transaction Chief Technology Officer of this company sold 8,000 shares at a rate of $169.80, taking the stock ownership to the 213,364 shares. Before that another transaction happened on Oct 02 ’24, when Company’s President QTL & Global Affairs sold 3,245 for $166.15, making the entire transaction worth $539,157. This insider now owns 32,231 shares in total.

Qualcomm, Inc. (QCOM) Recent Fiscal highlights

Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted 2.02 earnings per share (EPS) during the time that was better than consensus figure (set at 1.91) by 0.11. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.82 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 19.29% per share during the next fiscal year.

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

You can see what Qualcomm, Inc. (QCOM) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.78. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.08. Likewise, its price to free cash flow for the trailing twelve months is 15.09.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 7.71, a number that is poised to hit 2.55 in the next quarter and is forecasted to reach 11.15 in one year’s time.

Technical Analysis of Qualcomm, Inc. (QCOM)

Looking closely at Qualcomm, Inc. (NASDAQ: QCOM), its last 5-days average volume was 6.96 million, which is a drop from its year-to-date volume of 9.0 million. As of the previous 9 days, the stock’s Stochastic %D was 25.92%. Additionally, its Average True Range was 5.31.

During the past 100 days, Qualcomm, Inc.’s (QCOM) raw stochastic average was set at 23.83%, which indicates a significant decrease from 40.89% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 32.96% in the past 14 days, which was lower than the 45.95% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $169.09, while its 200-day Moving Average is $174.43. However, in the short run, Qualcomm, Inc.’s stock first resistance to watch stands at $172.36. Second resistance stands at $174.46. The third major resistance level sits at $175.74. If the price goes on to break the first support level at $168.99, it is likely to go to the next support level at $167.71. Now, if the price goes above the second support level, the third support stands at $165.62.

Qualcomm, Inc. (NASDAQ: QCOM) Key Stats

There are 1,116,000K outstanding shares of the company, which has a market capitalization of 189.68 billion. As of now, sales total 35,820 M while income totals 7,232 M. Its latest quarter income was 9,393 M while its last quarter net income were 2,129 M.