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Stock Charts AI Power Rank: 5.4
Power Rank trend -> Rising

Last Price: 170.91 - Change: -2 - Change %: -1.1567
11/08/2024 16:24:00 EST

Qualcomm Incorporated (QCOM)

Industry: Semiconductors

Price Support Resistance

In the past 20 trading days, QCOM has been trading in a range between $178.04 and $162.77 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

QCOM is trading between resistance at $172.18 about 1% to the upside and support at $167.15 -2% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $194.97, about a 14% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.

Upside / Downside Potential

Qualcomm Incorporated $QCOM entered a Green zone 2 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $128.37, a potential down side of -24.89% from the recent price of 170.91. The stock is trading 34.25% (potential upside) below its 52 week high of $229.44 and 42.28 % (potential downside) above its 52 week low of $120.12 - based on the recent price.

Company Summary

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software with advanced connectivity and high-performance, and low-power computing technologies for use in mobile devices; automotive systems for connectivity, digital cockpit, and ADAS/AD; and IoT, including consumer electronic devices, industrial devices, and edge networking products.

QCOM Website

News

Qualcomm: Q4 Earnings, Game-Changing AI Results
Qualcomm's shares have stagnated, but AI smartphone growth is just starting and will significantly benefit Qualcomm, making shares a strong buy. Qualcomm's Q4 earnings exceeded expectations, with impressive handset revenue growth and strong performance in the AI chip sector. Qualcomm's valuation is attractive with a low P/E ratio and strong projected revenue growth, presenting significant upside potential.
Source: Seeking Alpha
Sun, 10 Nov 2024 00:52:15 -0500
Sentiment: Positive
Should You Buy This Artificial Intelligence Stock Right Now?
Revenue and profits are growing, and the company expects the good times to continue well into 2025.
Source: The Motley Fool
Fri, 08 Nov 2024 11:29:52 -0500
Sentiment: Positive
Qualcomm Q4: Exciting Developments, But Apple Discount Remains (Downgrade)
Qualcomm Incorporated delivered strong Q4 earnings, beating estimates and showing revenue growth, particularly in the QCT segment, with improved EBIT margins and raised guidance. Despite positive earnings, Qualcomm remains undervalued due to headwinds from Apple's in-house chip plans and potential trade issues with China. A conservative DCF analysis suggests QCOM is undervalued by 16%, with potential for significant upside if Apple delays its chip plans or automotive revenues accelerate.
Source: Seeking Alpha
Fri, 08 Nov 2024 09:53:05 -0500
Sentiment: Neutral
Qualcomm's Exciting Q4 Earnings Justify Investing
Qualcomm Incorporated's strong fiscal Q4 financials include over $10 billion in revenue, annualized EPS of $10/share, and a P/E ratio in the high teens. The company's guidance forecasts nearly $11 billion in revenue and EPS approaching $12/share, driven by strong margins and reduced share count. Qualcomm leads in segments like Snapdragon processors, automotive intelligence, and Wi-Fi 7, despite risks from potential Intel acquisition and Arm lawsuit.
Source: Seeking Alpha
Fri, 08 Nov 2024 09:35:11 -0500
Sentiment: Neutral
Qualcomm Reports Q4 Beat, Analysts Divided Over Prospects Of The Handset Market
Shares of Qualcomm Inc QCOM remained volatile in early trading on Thursday, after the company reported upbeat fiscal fourth-quarter results.
Source: Benzinga
Thu, 07 Nov 2024 13:31:58 -0500
Sentiment: Positive
Instituions Institution %: 81.149
Last QTR Institution change: 4287334

Insiders
Insiders %: 0.092
Insiders Purchases last QTR: 0
Insiders Sales last QTR: 69331
Insiders Net last QTR: -69331

Analyst Ratings
Target Price: 128.37
Overall Rating: 3.8611
Strong Buys (5): 13
Buys (4): 7
Holds (3): 15
Sells (2): 0
Strong Sells (1): 1

Technicals
52 Week Hi: 229.4443
52 Week Low: 120.1236
Beta: 1.286
50 Day MA: 168.5288
200 Day MA: 175.526

Earnings / Revenue Trends
Qtr Earnings Growth YOY: 0.941
Qtr Revenue Growth YOY: 0.187
Forward PE: 15.2439
Trailing PE: 19.1175

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