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Qualcomm develops and licenses wireless technology and designs chips for smartphones. The company's key patents revolve around CDMA and OFDMA technologies, which are standards in wireless communications that are the backbone of all 3G, 4G, and 5G networks. Qualcomm's IP is licensed by virtually all wireless device makers. The firm is also the world's largest wireless chip vendor, supplying nearly every premier handset maker with leading-edge processors. Qualcomm also sells RF-front end modules into smartphones, as well as chips into automotive and Internet of Things markets.
Qualcomm trades on the NASDAQ stock market under the symbol QCOM.
As of January 22, 2025, QCOM stock price climbed to $170.37 with 3,780,091 million shares trading.
QCOM has a beta of 1.73, meaning it tends to be more sensitive to market movements. QCOM has a correlation of 0.43 to the broad based SPY ETF.
QCOM has a market cap of $189.28 billion. This is considered a Large Cap stock.
Last quarter Qualcomm reported $10 billion in Revenue and $2.69 earnings per share. This beat revenue expectation by $344 million and exceeded earnings estimates by $.13.
In the last 3 years, QCOM traded as high as $230.63 and as low as $101.47.
The top ETF exchange traded funds that QCOM belongs to (by Net Assets): VTI, VOO, QQQ, SPY, IVV.
QCOM has underperformed the market in the last year with a return of +14.9%, while the SPY ETF gained +27.3%. In the last 3 month period, QCOM fell short of the market, returning +1.3%, while SPY returned +4.4%. However, in the most recent 2 weeks QCOM has outperformed the stock market by returning +6.1%, while SPY returned +3.1%.
QCOM support price is $164.12 and resistance is $170.42 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that QCOM shares will trade within this expected range on the day.