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what happened to qualcomm stock

by Nina O'Connell Published 3 years ago Updated 2 years ago
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Why did Qualcomm’s P/S multiple rise to 7x?

Apr 02, 2022 · What happened. Shares of Qualcomm ( QCOM -0.75%) were trading about 6% lower at 2 p.m. ET Friday after a JPMorgan analyst removed the semiconductor giant from its …

Why is Qualcomm (Qcom) stock a Zacks rank of 3 (hold)?

Apr 05, 2022 · What happened Shares of Qualcomm (NASDAQ: QCOM) dropped 10.8% in March due to tech stock weakness and concerns about its competitive strength. The company …

What is the consensus earnings estimate for Qualcomm's next fiscal year?

Find the latest QUALCOMM Incorporated (QCOM) stock quote, history, news and other vital information to help you with your stock trading and investing.

How much did Qualcomm’s revenue grow in 2020?

Qualcomm (NASDAQ: QCOM) posted a solid second-quarter earnings report on April 27. The chipmaker's revenue rose 41% year over year to $11.2 billion, which beat analysts' estimates by …

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Feb 04, 2021 · What happened. Shares of semiconductor giant Qualcomm (NASDAQ: QCOM) fell as much as 10.5% in Thursday's early trading. After the close Wednesday, the company …

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Why Qualcomm share is going down?

Shares of Qualcomm (QCOM 1.20%) dropped 10.8% in March due to tech stock weakness and concerns about its competitive strength.Apr 5, 2022

Is Qualcomm stock a good buy right now?

The 28 analysts offering 12-month price forecasts for Qualcomm Inc have a median target of 200.00, with a high estimate of 471.60 and a low estimate of 150.00. The median estimate represents a +42.30% increase from the last price of 140.55.

Is Qualcomm a good stock?

QUALCOMM Incorporated (NASDAQ:QCOM) delivered a -23.84% return since the beginning of the year, while its 12-month returns are down by -0.76%. The stock closed at $139.28 per share on April 06, 2022.Apr 8, 2022

Is Qualcomm undervalued?

We are maintaining our $163 fair value estimate and see shares of narrow-moat Qualcomm as undervalued at current levels.Apr 27, 2022

Who is Qualcomm biggest competitor?

The list of top ten Qualcomm competitors and alternatives is as below.
  1. 1 1. Broadcom.
  2. 2 2. Intel.
  3. 3 3. AMD.
  4. 4 4. Nvidia.
  5. 5 5. Cirrus Logic.
  6. 6 6. MediaTek.
  7. 7 7. Apple.
  8. 8 8. Infineon Technologies.

Is Qualcomm a buy Zacks?

How good is it? See rankings and related performance below. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank.
...
Momentum Scorecard. More Info.
Zacks RankDefinitionAnnualized Return
1Strong Buy24.97%
2Buy18.45%
3Hold10.03%
4Sell5.70%
2 more rows

Is Qualcomm overvalued?

Is Qualcomm Stock Overvalued? I believe that the answer to this question is "No". Qualcomm has risen considerably in the recent past, but from a valuation perspective, its shares are far from expensive.Dec 27, 2021

Who owns Qualcomm stock?

Top 10 Owners of Qualcomm Inc
StockholderStakeShares owned
The Vanguard Group, Inc.8.82%99,356,208
BlackRock Fund Advisors4.99%56,219,015
SSgA Funds Management, Inc.4.36%49,174,315
Fidelity Management & Research Co...2.72%30,703,698
6 more rows

When did Qualcomm go public?

Qualcomm is registered under the ticker NASDAQ:QCOM . Their stock opened with $16.00 in its Dec 20, 1991 IPO.

What is the intrinsic value of Qualcomm?

As of today (2022-05-07), Qualcomm's Intrinsic Value: Projected FCF is $78.57. The stock price of Qualcomm is $140.58.

Is Qualcomm publicly traded?

Which exchange is Qualcomm stock traded on and what is the ticker symbol? Qualcomm is listed on the NASDAQ under the symbol QCOM.

What sells Qualcomm?

semiconductor products
Over the years, Qualcomm has expanded into selling semiconductor products in a predominantly fabless manufacturing model. It also developed semiconductor components or software for vehicles, watches, laptops, wi-fi, smartphones, and other devices.

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It was around this time last year that Qualcomm (QCOM) stock was in the midst of a strong rally which by February would take it to all-time highs. Since then, the stock has pulled back, and in fact on a year-to-date basis, shares sit 4% into negative territory, a performance some way off the SOX’ (the semiconductor benchmark index) 22% gain.

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Is Qualcomm Stock A Buy As Global Chip Shortage Drags On?

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What happened

This is what fundamentals and technicals say about Qualcomm stock now as the global chip shortage widens and drags on longer.

So what

Shares of semiconductor giant Qualcomm (NASDAQ: QCOM) fell as much as 10.5% in Thursday's early trading. After the close Wednesday, the company reported strong earnings for the first quarter of fiscal year 2021 and set up second-quarter guidance targets well above the current Street projections. No, that's not a huge typo.

What is the compelling thing about Qualcomm?

Qualcomm's first-quarter sales rose 62% year over year to $8.24 billion. Adjusted earnings more than doubled from $0.99 to $2.17 per diluted share. The revenue result was right in line with Wall Street's consensus estimates, but your average analyst would have settled for earnings near $2.08 per share on revenue.

Is QCOM stock overweight?

One of the compelling things about Qualcomm is that it’s involved in a wide range of product categories. Everyone thinks smartphones and 5G. They are huge, obviously. But those other lines of business are often overlooked. A good example is Bluetooth audio chips.

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