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Tuesday, December 5, 2023

Investors’ Patience Is Being Tested Right Now By Qualcomm, Inc. (NASDAQ: QCOM)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Qualcomm, Inc. (QCOM) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.37, or 0.34%, to $109.36. The Qualcomm, Inc. has recorded 331,272 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Qualcomm Schedules Fourth Quarter and Fiscal 2023 Earnings Release and Conference Call.

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Stocks Info

This NASDAQ-listed company operates within the Semiconductors industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $108.99 and fluctuated between $109.21 as its day high and $106.70 as its day low. The current market capitalization of Qualcomm, Inc. is $121.63B. A total of 6.47 million shares were traded on the day, compared to an average of 7.92M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, QCOM has seen 11 BUY and 10 SELL insider trades, representing the acquisition of 76,153 and the disposition of 71,761 shares. Over the last 12 months, there were 51 BUYs and 43 SELLs from insiders. Insiders purchased 621,214 shares during that period but sold 489,545.

In the most recent transaction, CATHEY JAMES J sold 1,000 shares of QCOM for 112.28 per share on Oct 11. After the transaction, the Chief Commercial Officer now owns 4,745 company shares. In a previous transaction on Oct 02, ROGERS ALEXANDER H sold 6,001 shares at 110.40 per share. QCOM shares that President QTL & Global Affairs owns now total 25,229.

Among the insiders who sold shares, THOMPSON JAMES H disposed of 27,962 shares on Sep 13 at a per-share price of $113.23. This resulted in the Chief Technology Officer holding 241,369 shares of QCOM after the transaction. In another insider transaction, CATHEY JAMES J sold 1,000 shares at $111.27 per share on Sep 11. Company shares held by the Chief Commercial Officer now total 5,745.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Qualcomm, Inc. pays an annual dividend of $3.09, resulting in a dividend yield of 2.84%, and it has a price to earnings (P/E) ratio of 14.28. QCOM’s most recent ex-dividend date was 11/29/2023 when it declared a $0.80 quarterly dividend that was paid in cash on 12/14/2023. Previously, the company paid the dividend on 9/21/2023 with an ex-dividend date of 8/30/2023. The QCOM stock dividend was $0.80 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for QCOM in the last 3 months, the mean price target is $137.17 with high estimates of $167.70 and low estimates of $100.00. In terms of 52-week highs and lows, QCOM has a high of $139.94 and a low of $101.47.

As of this writing, QCOM has an earnings estimate of $1.8 per share for the current quarter. EPS was calculated based on a consensus of 21 estimates, with a high estimate of $1.9 per share and a lower estimate of $1.74.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. QCOM’s latest balance sheet shows that the firm has $12.41B in Cash & Short Term Investments as of fiscal 2021. There were $15.74B in debt and $11.95B in liabilities at the time. Its Book Value Per Share was $18.54, while its Total Shareholder’s Equity was $9.95B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for QCOM is Buy with a score of 4.23.

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