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

Qualcomm, Inc (NASDAQ: QCOM) on Monday, soared 0.77% from the previous trading day, before settling in for the closing price of $159.51. Within the past 52 weeks, QCOM’s price has moved between $130.39 and $230.63.

During the last 5-year period, the sales growth of Technology Sector giant was 12.22%. The company achieved an average annual earnings per share of 9.89%. 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 49000 employees. In terms of profitability, gross margin is 56.22%, operating margin of 26.04%, and the pretax margin is 26.53%.

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

Observing investor behavior towards Semiconductors industry stocks is more important than anything else. The insider ownership of Qualcomm, Inc is 0.08%, while institutional ownership is 77.23%. The most recent insider transaction that took place on Dec 05 ’24, was worth 484,617. In this transaction CFO & COO of this company sold 3,000 shares at a rate of $161.54, taking the stock ownership to the 48,778 shares. Before that another transaction happened on Dec 05 ’24, when Company’s Chief Financial Officer proposed sale 3,000 for $160.39, making the entire transaction worth $481,170.

Qualcomm, Inc (QCOM) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around 9.89% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 4.75% during the next five years compared to 20.08% growth over the previous five years of trading.

Qualcomm, Inc (NASDAQ: QCOM) Trading Performance Indicators

Qualcomm, Inc (QCOM) is currently performing well based on its current performance indicators. A quick ratio of 1.72 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.56. Likewise, its price to free cash flow for the trailing twelve months is 15.91.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 8.98, a number that is poised to hit 2.97 in the next quarter and is forecasted to reach 12.30 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 8.07 million, which is a drop from its year-to-date volume of 8.98 million. As of the previous 9 days, the stock’s Stochastic %D was 55.53%. Additionally, its Average True Range was 4.70.

During the past 100 days, Qualcomm, Inc’s (QCOM) raw stochastic average was set at 20.85%, which indicates a significant decrease from 58.66% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.18% in the past 14 days, which was lower than the 43.59% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $166.02, while its 200-day Moving Average is $176.64. However, in the short run, Qualcomm, Inc’s stock first resistance to watch stands at $163.29. Second resistance stands at $165.84. The third major resistance level sits at $168.75. If the price goes on to break the first support level at $157.83, it is likely to go to the next support level at $154.92. Now, if the price goes above the second support level, the third support stands at $152.37.

Qualcomm, Inc (NASDAQ: QCOM) Key Stats

Market capitalization of the company is 177.60 billion based on 1,111,000K outstanding shares. Right now, sales total 38,962 M and income totals 10,142 M. The company made 10,245 M in profit during its latest quarter, and 2,920 M in sales during its previous quarter.