Qualcomm gains as Benchmark initiates coverage with Buy rating
Seeking Alpha News (Tue, 23-Apr 7:29 AM ET)
Meta Takes A Leaf Out Of Google's Playbook, Aims To Make Quest OS The Android Of Mixed Reality
Benzinga (Tue, 23-Apr 4:18 AM ET)
Nvidia's High-End Chips Ended Up In Chinese Hands Despite US Ban: Here's How Beijing Scored Them
Benzinga (Tue, 23-Apr 1:01 AM ET)
Top high growth investment ratio stocks from each sector - GS
Seeking Alpha News (Mon, 22-Apr 4:25 PM ET)
QUALCOMM set to snap 6-days losing streak as AI stocks stabilize
Seeking Alpha News (Mon, 22-Apr 2:30 PM ET)
QUALCOMM set to snap 6-day losing streak as AI stocks stabilize
Seeking Alpha News (Mon, 22-Apr 2:30 PM ET)
TSMC Topped Estimates On The Back Of Insatiable AI Demand
Benzinga (Mon, 22-Apr 1:31 PM ET)
AI stocks stabilize after a brutal Friday, ahead of earnings
Seeking Alpha News (Mon, 22-Apr 11:46 AM ET)
Dividend yield and growth stock list by Goldman
Seeking Alpha News (Mon, 22-Apr 11:04 AM ET)
Goldman picks top capex and R&D stocks
Seeking Alpha News (Sun, 21-Apr 2:42 PM ET)
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 April 23, 2024, QCOM stock price climbed to $161.35 with 5,780,372 million shares trading.
QCOM has a beta of 1.94, meaning it tends to be more sensitive to market movements. QCOM has a correlation of 0.50 to the broad based SPY ETF.
QCOM has a market cap of $180.20 billion. This is considered a Large Cap stock.
Last quarter Qualcomm reported $10 billion in Revenue and $2.75 earnings per share. This beat revenue expectation by $1 billion and exceeded earnings estimates by $.56.
In the last 3 years, QCOM stock traded as high as $193.58 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 outperformed the market in the last year with a return of +39.7%, while the SPY ETF gained +24.3%. In the last 3 month period, QCOM beat the market returning +6.1%, while SPY returned +4.9%. However, in the most recent 2 weeks QCOM has underperformed the stock market by returning -7.1%, while SPY returned -2.5%.
QCOM support price is $157.35 and resistance is $163.01 (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 stock will trade within this expected range on the day.