News 
Market Data 
Discover
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Qualcomm $QCOM unusual Call block hitting the August 4 contract 126 strike
By: Cheddar Flow | July 14, 2023
• $QCOM unusual call block hitting the August 4 contract 126 strike
Read Full Story »»»
DiscoverGold
Welch Group LLC Increases Stock Holdings in Qualcomm Incorporated (QCOM)
By: MarketBeat | June 23, 2023
• Welch Group LLC boosted its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 8.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 337,686 shares of the wireless technology company's stock after purchasing an additional 25,440 shares during the quarter. QUALCOMM makes up approximately 2.5% of Welch Group LLC's holdings, making the stock its 23rd largest holding. Welch Group LLC's holdings in QUALCOMM were worth $43,082,000 as of its most recent SEC filing...
Read Full Story »»»
DiscoverGold
M&R Capital Management Inc. Sells 59,577 Shares of QUALCOMM Incorporated (QCOM)
By: MarketBeat | June 16, 2023
• M&R Capital Management Inc. lowered its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 92.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 4,790 shares of the wireless technology company's stock after selling 59,577 shares during the quarter. M&R Capital Management Inc.'s holdings in QUALCOMM were worth $611,000 at the end of the most recent quarter...
Read Full Story »»»
DiscoverGold
Teachers Retirement System of The State of Kentucky Has $79.07 Million Position in Qualcomm Incorporated (QCOM)
By: MarketBeat | June 15, 2023
• Teachers Retirement System of The State of Kentucky grew its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 1.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 719,187 shares of the wireless technology company's stock after acquiring an additional 12,700 shares during the quarter. QUALCOMM comprises about 0.8% of Teachers Retirement System of The State of Kentucky's portfolio, making the stock its 10th biggest holding. Teachers Retirement System of The State of Kentucky owned approximately 0.06% of QUALCOMM worth $79,068,000 as of its most recent filing with the SEC...
Read Full Story »»»
DiscoverGold
Qualcomm Inc. (QCOM) Shares Sold by American International Group Inc.
By: MarketBeat | May 27, 2023
• American International Group Inc. cut its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 6.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 388,938 shares of the wireless technology company's stock after selling 26,927 shares during the period. American International Group Inc.'s holdings in QUALCOMM were worth $42,760,000 at the end of the most recent reporting period...
Read Full Story »»»
DiscoverGold
Qualcomm CEO: ". In China, awareness of Snapdragon is 80% in the China population. And that’s propagating to other markets"
By: The Transcript | May 16, 2023
• $QCOM CEO: ". In China, awareness of Snapdragon is 80% in the China population. And that’s propagating to other markets"
Read Full Story »»»
DiscoverGold
Qualcomm to acquire Autotalks in bid to expand automotive business
By: Investing.com | May 8, 2023
Qualcomm Inc (NASDAQ:QCOM) announced Monday that the chip designer would be buying Israel's Autotalks Ltd as the U.S. firm looks to deepen its automotive business. Autotalks makes chips used in technology aimed at preventing vehicle crashes.
Autotalks makes dedicated chips used in the vehicle-to-everything (V2X) communications technology for manned and driverless vehicles to improve road safety.
"We have been investing in V2X research, development and deployment since 2017 and believe that as the automotive market matures, a standalone V2X safety architecture will be needed for enhanced road user safety, as well as smart transportation systems," Nakul Duggal, senior vice-president - automotive, Qualcomm Technologies, said in a statement.
Qualcomm on Monday said it would incorporate Autotalks' solutions into Snapdragon Digital Chassis product portfolio, but did not elaborate on the financials of the deal. The Snapdragon Digital Chassis is a comprehensive set of cloud-connected automotive platforms that can provide assisted and autonomous driving technology, as well as in-car infotainment and cloud connectivity.
The acquisition will be made through its unit Qualcomm Technologies, Qualcomm added.
Shares of QCOM are down 0.35% in pre-market trading on Monday.
Read Full Story »»»
DiscoverGold
Is it Time for Qualcomm to Start Playing Catch-up?
By: MarketBeat | May 4, 2023
• Qualcomm Inc NASDAQ: QCOM released its Q2 financial results after the bell on Wednesday, with investors watching closely to see if they could match the optimistic beats of many of their tech peers. For Qualcomm, in particular, an upside beat and upbeat forward guidance were very much needed, as their shares have been trading sideways since October.
However, it was not to be with the semiconductor's non-GAAP EPS of $2.15, just barely missing analyst expectations by $0.01. Their revenue did manage to come in ahead of the consensus, which was a bright spot, though with a year-over-year contraction of 17%, it's not exactly the kind of metric to be boasting about. In addition, the company gave its outlook for the third quarter, which was weaker than expected.
Weak Outlook
In a post-earnings release statement, management shared its third-quarter forecast, saying it's continuing to see the impact of several factors in business, including "macroeconomic headwinds, weaker global handset units, and channel inventory drawdown." Investors would have been hoping for signs that these headwinds were starting to diminish rather than entrench themselves, as their semiconductor peers Advanced Micro Devices NASDAQ: AMD and NVIDIA NASDAQ: NVDA have managed to deliver decent share price returns in a similar trading environment. ..
Read Full Story »»»
DiscoverGold
Qualcomm shares fall 2% on guidance miss
By: Investing.com | May 3, 2023
Qualcomm Incorporated (NASDAQ:QCOM) shares fell more than 2% after-hours following the company’s reported Q2 results. While EPS of $2.15 was in-line with expectations and revenue of $9.27 billion (down 17% year-over-year) beat the consensus estimate of $9.09B, Q3 guidance missed expectations.
QCT segment revenue was down 17% year-over-year to $7.9B, and QTL segment revenue fell 18% to $1.3B.
“As we navigate this challenging environment, we remain focused on the critical factors we can control to emerge stronger from this downturn – our leading technology roadmap, best-in-class product portfolio, strong customer relationships and operational efficiencies,” said CEO Cristiano Amon.
The company expects Q3/23 EPS in the range of $1.70-$1.90, compared to the consensus of $2.20, and revenue in the range of $8.1-8.9B, compared to the consensus of $9.25B.
Read Full Story »»»
DiscoverGold
Qualcomm gives grim outlook as smartphone sales stay weak
By: Investing.com | May 3, 2023
(Reuters) -Qualcomm Inc on Wednesday forecast third-quarter revenue and profit below Wall Street estimates, citing worries the smartphone industry would take longer to exhaust excess supply before fresh orders flow in.
Shares of the chip designer fell 4.3% in extended trading after it said its forecast also accounted for macroeconomic headwinds, weaker global sales of handsets and channel inventory drawdown.
While Qualcomm (NASDAQ:QCOM) hopes smartphone sales will recover in China in the second half of the year, "we have not seen evidence of meaningful recovery and are not incorporating improvements into our planning assumptions," CEO Cristiano Amon told investors during a conference call.
The company said a larger-than-normal decline in its chip revenue forecast from the prior quarter was mainly due "to the timing of purchases by a modem-only handset customer."
Qualcomm did not name the customer, but Kinngai Chan, analyst at Summit Redstone Partners, said it was Apple (NASDAQ:AAPL), which makes its own application processor.
Apple is the largest purchaser of Qualcomm's standalone modem chips, instead of its main flagship chip which includes a modem and an application processor.
Qualcomm forecast chips revenue of $6.9 billion to $7.5 billion.
The smartphones market was one of the first hit by declining demand after high inflation curbed consumer spending on discretionary goods like electronics, resulting in vendors slashing new chip orders.
Smartphone demand has remained weak despite promotions and price cuts. Global smartphone shipments fell 13% in the first quarter, according to research firm Canalys.
Easing COVID-19 curbs in China has not significantly boosted demand, with sliding first-quarter sales for Apple and its Android rivals in the world's second largest economy.
Pervasive economic weakness has also forced device makers to limit chip orders. Qualcomm also faces stiffer competition, especially for high end smartphone chips, from Taiwan's MediaTek.
"MediaTek is pushing hard into the high-end market," said Runar Bjorhovde, analyst at research firm Canalys. "It is very open to working with anyone that can help it grow a bit more into the high-end where I guess Samsung (KS:005930) is the big, the big one for Qualcomm to defend."
Qualcomm forecast revenue of $8.1 billion to $8.9 billion in the third quarter. Analysts polled by Refinitiv expected revenue of $9.14 billion.
It estimated adjusted earnings per share of $1.70 to $1.90, compared to analysts' expectations of $2.16.
Read Full Story »»»
DiscoverGold
Earnings Preview: Qualcomm Inc. (NASDAQ: QCOM)
By: 24/7 Wall St. | May 2, 2023
• Here is a look at two companies set to report results after markets close on Wednesday.
Qualcomm
Networking chip and equipment maker Qualcomm Inc. (NASDAQ: QCOM) has seen its share price drop about 17% over the past 12 months. Since the beginning of 2023, shares are up about 5.4%, including a 17% decline between early February and mid-March. The company is expected to announce a layoff of 5% of its employees (approximately 2,500) when it reports results Wednesday.
The company’s latest version of its Snapdragon processor for smartphones is rumored to be a challenger to Apple’s latest iPhone Bionic chip.
Of 31 analysts covering the company, 21 have a Buy or Strong Buy rating and another nine rate the stock at Hold. At a share price of around $116.00, the upside potential based on a median price target of $150.00 is 29.3%. At the high target of $180.00, the upside potential is 55.2%.
Second-quarter fiscal 2023 revenue is forecast to come in at $9.12 billion, down 3.6% sequentially and 18.7% lower year over year. Adjusted EPS are forecast at $2.16, down 9.0% sequentially and by 32.7% year over year. For the full fiscal year ending in September, analysts expect the company to post EPS of $9.41, down 24.9%, on sales of $37.78 billion, down 14.2%.
Qualcomm stock trades at 12.3 times expected 2023 EPS, 10.2 times estimated 2024 earnings of $11.40 and 10.6 times estimated 2025 earnings of $10.95 per share. The stock’s 52-week range is $101.93 to $156.66. Qualcomm pays an annual dividend of $3.20 (yield of 2.81%). Total shareholder return over the past 12 months was negative 15.12%.
Read Full Story »»»
DiscoverGold
Waverton Investment Management Ltd Sells 110,424 Shares of Qualcomm Inc. (QCOM)
By: MarketBeat | April 17, 2023
• Waverton Investment Management Ltd lessened its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 11.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 862,477 shares of the wireless technology company's stock after selling 110,424 shares during the period. QUALCOMM accounts for 3.5% of Waverton Investment Management Ltd's portfolio, making the stock its 11th largest holding. Waverton Investment Management Ltd owned 0.08% of QUALCOMM worth $94,821,000 as of its most recent filing with the Securities & Exchange Commission...
Read Full Story »»»
DiscoverGold
$QCOM Qualcomm - April Win rate: 30% • Average Return: +4.23%
By: TrendSpider | April 8, 2023
• $QCOM Qualcomm
Win rate: 30%
Average Return: +4.23%.
Read Full Story »»»
DiscoverGold
Qualcomm, Nvidia spar for top spot in AI chip efficiency tests
By: Investing.com | April 7, 2023
(An earlier version of this story included incorrect results for some of Qualcomm (NASDAQ:QCOM)'s tests and rankings and incorrectly stated that Neuchips had beat Qualcomm and Nvidia (NASDAQ:NVDA) in one category of testing. Neuchips did not compete in the categories described in the story and has been removed, and Qualcomm's results and rankings have been corrected in paragraphs 6-8.)
By Stephen Nellis
(Reuters) -Artificial intelligence chips from Qualcomm Inc beat Nvidia Corp in two out of three measures of power efficiency in a new set of test data published on Wednesday.
Nvidia dominates the market for training AI models with huge amounts of data. But after those AI models are trained, they are put to wider use in what is called "inference" by doing tasks like generating text responses to prompts and deciding whether an image contains a cat.
Analysts believe that the market for data center inference chips will grow quickly as businesses put AI technologies into their products, but companies such as Alphabet (NASDAQ:GOOGL) Inc's Google are already exploring how to keep the lid on the extra costs that doing so will add.
One of those major costs is electricity, and Qualcomm has used its history designing chips for battery-powered devices such as smartphones to create a chip called the Cloud AI 100 that aims for parsimonious power consumption.
In testing data published on Wednesday by MLCommons, an engineering consortium that maintains testing benchmarks widely used in the AI chip industry, Qualcomm's AI 100 beat Nvidia's flagship H100 chip at classifying images, based on how many data center server queries each chip can carry out per watt.
Qualcomm's chips hit 227.4 server queries per watt versus 108.4 queries per watt for Nvidia.
Qualcomm also beat Nvidia at object detection with a score of 3.8 queries per watt versus Nvidia's 2.4 queries per watt. Object detection can be used in applications like analyzing footage from retail stores to see where shoppers go most often.
Nvidia, however, took the top spot in both absolute performance terms and power efficiency terms in a test of natural language processing, which is the AI technology most widely used in systems like chatbots. Nvidia hit 10.8 queries per watt, while Qualcomm ranked second at 8.9 queries per watt.
Read Full Story »»»
DiscoverGold
QCOM Finally took out the 200D, but ton of overhead supply here. 132 next big spot
By: Options Mike | April 2, 2023
• $QCOM Finally took out the 200D, but ton of overhead supply here.
132 next big spot.
Read Full Story »»»
DiscoverGold
Qualcomm Inc. (QCOM) If the market breaks out, or semis break to the upside, this one on watch over 126
By: Options Mike | March 26, 2023
• $QCOM if the market breaks out, or semis break to the upside, this one on watch over 126.
Read Full Story »»»
DiscoverGold
Qualcomm Inc. (QCOM) Given Consensus Recommendation of "Moderate Buy" by Brokerages
By: MarketBeat | March 23, 2023
• Qualcomm Incorporated (NASDAQ:QCOM) has received a consensus recommendation of "Moderate Buy" from the thirty research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $156.73...
Read Full Story »»»
DiscoverGold
Qualcomm must face shareholder class action over sales practices
By: Investing.com | March 21, 2023
(Reuters) - A federal judge has ruled that shareholders suing chip maker Qualcomm (NASDAQ:QCOM) Inc for allegedly hiding anticompetitive sales and licensing practices may bring their claims as a class action.
The lawsuit filed in San Diego, California, alleges Qualcomm and its executives repeatedly described its businesses of selling chips and licensing its technology to other companies as separate, when in fact the company bundled them in a bid to stifle competition.
The investors leading the case claim the misrepresentations artificially inflated the price of Qualcomm shares between 2012 and 2017.
Qualcomm has called the allegations meritless.
U.S. District Judge Jinsook Ohta on Monday rejected Qualcomm's argument that the sales practices were already publicly known.
Qualcomm's responses to antitrust allegations by regulators revealed "far more detail" about the practices and the customers affected, she wrote.
The class covers investors who bought Qualcomm common stock between Feb. 1, 2012 and Jan. 20, 2017 and incurred losses.
Qualcomm paid the Korea Fair Trade Commission 1.03 trillion won ($912.34 million) in 2017 for what the regulator called unfair business practices in licensing and chip sales.
The San Diego-based company also faces a consumer lawsuit in California alleging its practices violated state law.
The case is Shah v. Qualcomm Incorporated et al., U.S. District Court, Southern District of California, No. 17-121
Read Full Story »»»
DiscoverGold
QCOM Larger #darkpool activity the last 2 sessions...
By: Money Flow Mel | March 7, 2023
• $QCOM Larger #darkpool activity the last 2 sessions
03/07 1.44 mil shares at $119.19
3/06 1.31 mil shares at $122.41
Has been one of the weaker semi names.
Read Full Story »»»
DiscoverGold
Qualcomm Inc. (QCOM) Filled it's gap and held the 50D...
By: Options Mike | February 26, 2023
• $QCOM Filled it's gap and held the 50D...
200 needs to be reclaimed.
Read Full Story »»»
DiscoverGold
Qualcomm Inc. (QCOM) Another one to put on gap fill watch this week
By: Options Mike | February 20, 2023
• $QCOM another one to put on gap fill watch this week.
Read Full Story »»»
DiscoverGold
Qualcomm Inc. (QCOM) Shares Sold by Korea Investment CORP
By: MarketBeat | February 10, 2023
• Korea Investment CORP reduced its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 4.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 945,126 shares of the wireless technology company's stock after selling 42,831 shares during the period. Korea Investment CORP owned 0.08% of QUALCOMM worth $106,780,000 as of its most recent filing with the Securities and Exchange Commission...
Read Full Story »»»
DiscoverGold
Ready For The Qualcomm (QCOM) Bull Run In 2023? Here's What To Expect!
By: Barchart | February 6, 2023
Background Info
Qualcomm Inc (QCOM) is a semiconductor company that designs and manufactures integrated circuits and system software for wireless products. It pioneered Code Division Multiple Access (CDMA) technology and holds various patents related to 5G, 4G, CDMA2000, TD-SCDMA and WCDMA wireless communication standards.
Sector
(QCOM) is listed on NASDAQ and is a component of Nasdaq 100 and S&P 500 under Information Technology.
14-month chart of QCOM
QCOM has been moving in a wide range between $120 and $160 since it was defined in early March 2021. There was a climatic run up in Nov 2021 with a spike in volume. However, the price was unable to commit above $160 and formed a Wyckoff upthrust (UT). It then retraced back into the range in early March 2022.
The price drifted down gradually to retest the low of the range around $120 with increase of volume suggested supply absorption. Unfortunately, the inability to rally up during July suggested more weakness ahead. This was confirmed by a Wyckoff sign of weakness (SOW) and broke below $120 in early October.
The down trend finally halted around $104 on 13 Oct and became a new narrow trading range between $104 and $127. The low volume in this narrow trading range together with no follow through to the downside could signal a potential Wyckoff spring in a trading range. The price began a Wyckoff sign of strength (SOS) rally at the start of 2023. On 23 Jan 2023, the price broke above $127 for the first time and stayed committed above it. QCOM is now in Wyckoff backup (BU).
Bias
Bullish. According to the Wyckoff method, QCOM has just broken out from a 3-month accumulation phase and is now in BU. It is more than likely to rally up to the first target of $150 followed by $161, as part of the sign of strength rally within a long term accumulation structure.
If the price breaks below $127, it is likely to retest the long term support of $120.
QCOM was discussed in detail in my weekly live group coaching on 24 Jan 2023 before the market opened. The improving market breadth together with many bullish trade entry setups could suggest a new bull run as discussed in the video below.
Read Full Story »»»
DiscoverGold
Qualcomm misses on Q1 revenues, guides Q2 below street
By: Investing.com | February 2, 2023
Qualcomm (NASDAQ:QCOM) reported its Q1 results, with revenue coming in at $9.46 billion (down 12% year-over-year), missing the consensus estimate of $9.6B. EPS was $2.37, slightly better than the consensus estimate of $2.36.
QCT segment revenue was down 11% year-over-year to $7.892B, while QTL segment revenue dropped 16% year-over-year to $7,892B.
“In a challenging environment, we delivered results consistent with guidance, including year-over-year growth in QCT Automotive and IoT,” said Cristiano Amon, President and CEO of the company. “We are confident in our ability to navigate the near term and remain focused on executing our diversification strategy.”
The company provided its Q2/23 outlook, expecting EPS in the range of $2.05-$2.25, compared to the consensus of $2.26. Q2 revenue is expected in the range of $8.7-9.5B, compared to the consensus of $9.55B.
Read Full Story »»»
DiscoverGold
Qualcomm sees earnings below Street as smartphone market sags
By: Investing.com | February 2, 2023
BANGALORE/OAKLAND Calif (Reuters) -Qualcomm Inc forecast second-quarter revenue and profit below Wall Street estimates on Thursday as the company grapples with the combined toll of weak demand for smartphones and a supply glut.
The stock, which initially rose 2.7% in after-hours trading, fell 1%.
"Discussions with mobile service providers revealed a continued and deepening weakness in smartphone demand globally which doesn't bode well for Qualcomm (NASDAQ:QCOM)," said Maribel Lopez, tech analyst at Lopez Research.
Still, while inflation and macroeconomic uncertainty has hurt consumer electronics sales, Qualcomm has been somewhat buffered by the fact it focuses on premium smartphones, a market that has higher margins. It has also diversified, pushing into new fast-growing areas such as automotive.
The chipmaker forecast current quarter revenue in the range of $8.7 billion to $9.5 billion, compared with analysts' estimates of $9.55 billion, according to Refinitiv data.
Its fiscal first quarter revenue dropped 12% year-on-year to $9.46 billion, below Wall Street expectation of $9.60 billion as Qualcomm also grapples with weak demand for smartphones and a supply glut.
Smartphone shipments dropped 18.3% in the quarter ended Dec. 31 marking the largest ever quarterly slump, according to data from research firm IDC, as even the holiday shopping season could not revive battered consumer spending.
Smartphone chip firms including Apple (NASDAQ:AAPL) supplier Qorvo (NASDAQ:QRVO) forecast downbeat earnings as its customers continued to clear bloated inventory. Analysts at Cowen expect smartphone shipments will fall 4% this year as recovery in China demand will take some time following a big COVID-19 outbreak.
First quarter revenue from Qualcomm's handset business, which makes up the largest chunk of total sales, fell 18% on year to $5.75 billion, compared to a 40% growth in the previous quarter.
It expects adjusted earnings per share to be between $2.05 and $2.25, compared to analysts expectations of $2.26 per share.
Read Full Story »»»
DiscoverGold
Earnings Preview: Qualcomm Inc. (NASDAQ: QCOM)
By: 24/7 Wall St. | February 1, 2023
• Three mega-caps with market values above $1 trillion are all scheduled to report quarterly results after Thursday’s closing bell.
Qualcomm
Networking chip and equipment maker Qualcomm Inc. (NASDAQ: QCOM) has dropped more than 24% from its share price over the past 12 months. Since the beginning of 2023, however, shares are up about 21.2%. After Micron and Intel reported weak to terrible results last week, questions about Qualcomm are inevitable. Smartphone sales lagged in 2022, and 2023 sales are forecast to drop nearly 10%, with the largest drop coming in the December quarter. To top it off, Apple is likely to drop Qualcomm as a supplier in another couple of years.
Of 32 analysts covering Qualcomm, 24 have a Buy or Strong Buy rating and another seven rate the stock at Hold. At a share price of around $133.00, the upside potential based on a median price target of $150.00 is 12.8%. At the high target of $250.00, the upside potential is almost 88%.
First-quarter fiscal 2023 revenue is forecast to come in at $11 billion, down 15.9% sequentially and by 3.4% year over year. Adjusted EPS are forecast at $2.35, down 24.8% sequentially and 30.0% lower year over year. For the full 2023 fiscal year ending in September, analysts expect the company to post EPS of $10.24, down 18.3%, on sales of $40.01 billion, down 9.4%.
Qualcomm stock trades at 13.0 times expected 2023 EPS, 10.8 times estimated 2024 earnings of $12.29 and 11.7 times estimated 2025 earnings of $11.37 per share. The stock’s 52-week range is $101.93 to $192.10. Qualcomm pays an annual dividend of $3.00 (yield of 2.25%). Total shareholder return over the past 12 months was negative 22.57%.
Read Full Story »»»
DiscoverGold
Qualcomm (QCOM) Scheduled to Post Quarterly Earnings on Thursday
By: MarketBeat | January 27, 2023
• QUALCOMM (NASDAQ:QCOM) will be issuing its quarterly earnings data after the market closes on Thursday, February 2nd. Analysts expect the company to announce earnings of $2.02 per share for the quarter. QUALCOMM has set its Q1 2023 guidance at $2.25-$2.45 EPS and its Q1 guidance at $2.25-2.45 EPS.Parties that wish to register for the company's conference call can do so using this link...
Read Full Story »»»
DiscoverGold
Qualcomm Inc. (QCOM) Downtrend right here... on watch for a breakout
By: Options Mike | January 22, 2023
• $QCOM Downtrend right here... on watch for a breakout.
Read Full Story »»»
DiscoverGold
FY2023 EPS Estimates for Qualcomm Inc. (QCOM) Reduced by Oppenheimer
By: MarketBeat | January 16, 2023
• QUALCOMM Incorporated (NASDAQ:QCOM) - Stock analysts at Oppenheimer dropped their FY2023 earnings per share estimates for shares of QUALCOMM in a research report issued to clients and investors on Thursday, January 12th. Oppenheimer analyst R. Schafer now anticipates that the wireless technology company will earn $8.15 per share for the year, down from their prior estimate of $8.27. The consensus estimate for QUALCOMM's current full-year earnings is $8.81 per share. Oppenheimer also issued estimates for QUALCOMM's Q4 2023 earnings at $2.42 EPS...
Read Full Story »»»
DiscoverGold
Financial Counselors Inc. Buys 10,575 Shares of Qualcomm Incorporated (QCOM)
By: MarketBeat | January 14, 2023
• Financial Counselors Inc. grew its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 4.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 236,820 shares of the wireless technology company's stock after purchasing an additional 10,575 shares during the quarter. Financial Counselors Inc.'s holdings in QUALCOMM were worth $26,756,000 at the end of the most recent quarter...
Read Full Story »»»
DiscoverGold
Qualcomm Inc. (QCOM) 127 area in play now if we continue
By: Options Mike | January 15, 2023
• $QCOM also woke up... 127 area in play now if we continue. Again you want this one to hold the 50D.
Read Full Story »»»
DiscoverGold
Expensive for the 'characters' that hang around the poolhalls
Qualcomm Watching this one to see if it can jump the 50D..
By: Options Mike | January 8, 2023
• $QCOM Watching this one to see if it can jump the 50D..
Read Full Story »»»
DiscoverGold
Qualcomm Incorporated (QCOM) Receives Consensus Rating of "Moderate Buy" from Analysts
By: MarketBeat | January 7, 2023
• QUALCOMM Incorporated (NASDAQ:QCOM) has been assigned an average rating of "Moderate Buy" from the twenty-eight brokerages that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $157.31...
Read Full Story »»»
DiscoverGold
Qualcomm jumps into emergency services with Snapdragon Satellite, working with Iridium
By: Morningstar | January 5, 2023
Service will use Android smartphones to connect with satellites
Qualcomm Inc. is looking to leapfrog Apple Inc. by offering emergency satellite phone service using Android smartphones, with specific product announcements expected by the middle of the year.
At the CES tech event in Las Vegas, Qualcomm (QCOM) announced it has partnered with satellite network Iridium Communications Inc. (IRDM) on Snapdragon Satellite, a service where next-generation smartphones will run Alphabet Inc.'s (GOOGL) (GOOGL) Android operating system.
By using an appropriate Android smartphone with a clear view of the sky, users outside the reach of cellular service will be able to send emergency SMS messages using a network of 66 satellites, Qualcomm said.
In a presentation to media, Francesco Grilli, Qualcomm's head of product management, said the service has a faster turnaround time for text messages, sometimes as fast as 10 seconds, compared with a minute or more for other services in areas with no cellular service. To use the service, Android users will point their phone at the sky to link with an Iridium satellite.
For now, the service is just for messaging, which uses less bandwidth than voice services that require a constant connection.
In September, shares of Globalstar Inc. (GSAT) were volatile after Apple Inc. (AAPL) announced a partnership with the satellite company to provide emergency services.
Unlike Globalstar, however, Snapdragon Satellite will not need a satellite gateway on the ground, meaning the device will communicate directly with a satellite rather routing messages through infrastructure on earth.
"If there is no gateway in the area where you are, you're out of luck," Grilli said of Globalstar. "So if you are in the middle of the ocean, there is no Globalstar gateway there, so you have no coverage. If you are in Antarctica, there is no gateway there, you have no coverage."
Qualcomm could not comment on specific original equipment manufacturers at the present time. The consumer-facing service will likely start in Western Europe and North America at a cost yet to be determined.
Qualcomm shares were down 1.4% in recent activity, compared with a 0.9% decline on the S&P 500 and a 1.1% slip on the tech-heavy Nasdaq .
Read Full Story »»»
DiscoverGold
Qualcomm, Salesforce to build new connected vehicle platform for automakers
By: Investing.com | January 5, 2023
(Reuters) - U.S. chip designer Qualcomm (NASDAQ:QCOM) Inc and cloud-based software firm Salesforce (NYSE:CRM) Inc plan to develop a new connected vehicle platform for automakers, the companies said on Thursday.
The platform for cars with internet access would use Qualcomm's Snapdragon digital chassis and Salesforce's cloud services to help automakers personalize user experiences using real-time data, according to the companies.
The Snapdragon digital chassis, used by carmakers and their suppliers, can provide assisted and autonomous driving technology, as well as in-car infotainment and cloud connectivity.
The automotive market has been a key growth area for chipmakers as demand for the crucial component is on the rise with growing use of electric vehicles and increasing autonomous features in cars.
Qualcomm has been steadily building up its automotive business in recent years. In September, the company said its automotive business pipeline increased to $30 billion, up more than $10 billion since its third-quarter results were announced in late-July.
Earlier on Wednesday, Qualcomm unveiled a processor chip for cars called Snapdragon Ride Flex (NASDAQ:FLEX) SoC that handles both assisted driving and cockpit functions, including entertainment.
Japan's Sony (NYSE:SONY) Group Corp also said on Wednesday its newly unveiled prototype of the "Afeela" electric vehicles will use technology from Qualcomm, including its Snapdragon digital chassis.
Read Full Story »»»
DiscoverGold
Qualcomm launches auto chip to handle both assisted driving and entertainment
By: Investing.com | January 4, 2023
OAKLAND, Calif. (Reuters) - Mobile chip maker Qualcomm (NASDAQ:QCOM) Technologies, Inc on Wednesday unveiled a processor chip for the car called Snapdragon Ride Flex (NASDAQ:FLEX) SoC that handles both assisted driving and cockpit functions, including entertainment.
Previously those functions were handled on different chips and merging them can help bring down costs, said Nakul Duggal, Qualcomm’s head of automotive.
“Obviously you are reducing the number of physical boxes. So it goes down to a single box. You reduce the amount of memory that you need. The extra external components that you need, those go down,” Duggal told Reuters.
Qualcomm has been steadily building up its automotive business in recent years and in September it said its automotive business "pipeline" increased to $30 billion.
With electric vehicles and increasing autonomous features in cars, the number of chips used by automakers is surging and the automotive market has been a key growth area for chipmakers.
Duggal said automotive customers are already trying out the new chip and it would be commercially available in the first half of next year.
Read Full Story »»»
DiscoverGold
Semiconductor Stock to Avoid in January
By: Schaeffer's Investment Research | December 30, 2022
• Qualcomm stock is one of the worst to own in January
• QCOM steadily worked lower over the course of 2022
As Wall Street looks to enter the New Year, it's a good idea to track stocks that are best left on the sideline to begin the year. Historically, there are a notable amount of names that tend to underperform the broader market in the month of January, and Schaeffer’s Senior Quantitative Analyst Rocky White has pulled the 25 worst to give a head start on how to keep your trading portfolio clean of any misses to start the year.
Coming in as the third-worst performing S&P 500 Index (SPX) stock to own in January is semiconductor concern Qualcomm, Inc. (NASDAQ:QCOM). Per White, over the last 10 years, QCOM averaged a return of -3.3%, and finished higher just three out of 10 times. A move of similar magnitude from Qualcomm stock's current perch of $107.32 would push the shares below their annual-low close of $103.88.
Like most tech and semiconductor stocks, QCOM has had a rough year. A mid-July rally was rejected by the 180-day moving average, while the 100-day trendline recently stepped in as a ceiling. Year-to-date, Qualcomm stock is off by 41%.
An unwinding of optimism from the brokerage bunch could weigh on the shares. Right now, 12 of the 17 analysts covering QCOM rate it a "buy" or better. Plus, the 12-month consensus target price of $146.43 is a 35.8% premium to QCOM's current perch. Both of these point towards room for downgrades and/or price-target cuts.
Weighing in with options could be a prudent route. Qualcomm stock's Schaeffer's Volatility Index (SVI) 39% tanks higher than just 28% of readings from the past year, meaning options traders are pricing in low volatility expectations. It's also worth pointing out that QCOM ranks low on the Schaeffer's Volatility Scorecard (SVS), with a score of just 16 out of 100. In other words, the security has consistently realized lower volatility than its options have priced in, making the stock a potential premium-selling candidate.
Read Full Story »»»
DiscoverGold
Qualcomm Inc. (QCOM) PT Lowered to $160.00 at JPMorgan Chase & Co.
By: MarketBeat | December 20, 2022
• QUALCOMM (NASDAQ:QCOM - Get Rating) had its price target decreased by investment analysts at JPMorgan Chase & Co. from $185.00 to $160.00 in a research report issued to clients and investors on Tuesday, The Fly reports. JPMorgan Chase & Co.'s target price would indicate a potential upside of 42.08% from the company's current price...
Read Full Story »»»
DiscoverGold
$1 Million+ Tech Call Leaps Hitting The Tape $NVDA & $QCOM
By: Cheddar Flow | December 20, 2022
• $1M+ Tech Call Leaps Hitting The Tape
$NVDA & $QCOM
Read Full Story »»»
DiscoverGold
Qualcomm stock declines after Wells Fargo turns bearish
By: Morningstar | December 12, 2022
Wells Fargo analyst Gaby Mobley downgraded shares of Qualcomm Inc. to underweight from equal weight Monday, writing that the reasoning behind the ratings change is consistent with his October downgrades of Qorvo Inc. and Skyworks Solutions Inc. . "That is, once investor sentiment toward the chip sector turns more positive, or once investors are convinced we've reached a trough in the chip cycle, we believe shares of companies w/high smartphone exposure should underperform the broader chip sector," Mobley wrote. He anticipates that Qualcomm's stock could trade at a discount to peer names in part given expected negative investor attitudes toward the "no-growth mobile handset market." He kept a $105 price target on shares of Qualcomm, which have dropped 35% over the past 12 months as the S&P 500 has declined by about 17%.
Read Full Story »»»
DiscoverGold
Qualcomm Inc. (QCOM) Upgraded to "Buy" at StockNews.com
By: My MarketBeat | December 8, 2022
• QUALCOMM (NASDAQ:QCOM) was upgraded by StockNews.com from a "hold" rating to a "buy" rating in a report released on Thursday...
Read Full Story »»»
DiscoverGold
Qualcomm Inc. (QCOM) Insider Alexander H. Rogers Sells 26,427 Shares
By: My MarketBeat | December 7, 2022
• QUALCOMM Incorporated (NASDAQ:QCOM) insider Alexander H. Rogers sold 26,427 shares of the firm's stock in a transaction that occurred on Tuesday, December 6th. The stock was sold at an average price of $122.33, for a total value of $3,232,814.91. Following the transaction, the insider now owns 51,179 shares in the company, valued at approximately $6,260,727.07. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink...
Read Full Story »»»
DiscoverGold
Qualcomm Inc. (QCOM) Trading w/ the $SMH not moving on it's own here
By: Options Mike | November 27, 2022
• $QCOM trading w/ the $SMH not moving on it's own here.
Read Full Story »»»
DiscoverGold
Qualcomm Inc. Given a $120.00 Price Target by Evercore ISI Analysts
By: MarketBeat | November 23, 2022
• QUALCOMM (NASDAQ:QCOM - Get Rating) has been assigned a $120.00 price objective by equities research analysts at Evercore ISI in a report issued on Wednesday, Stock Target Advisor reports. Evercore ISI's price objective would suggest a potential downside of 4.12% from the stock's current price...
Read Full Story »»»
DiscoverGold
Qualcomm $1.1 Million Put • Strike: 110 • Expiration: 9/15/23
By: Cheddar Flow | November 16, 2022
• $QCOM $1.1M OTM Put
Strike: 110
Expiration: 9/15/23
Read Full Story »»»
DiscoverGold
Qualcomm's (QCOM) 3.9% Total Yield To Shareholders Bodes Well For The Stock
By: Barchart | November 14, 2022
Qualcomm (QCOM) reported positive free cash flow and made large return of capital payments to shareholders in the year ending Sept. 25. Its high total yield, composed of buybacks and dividends, in Q4 represented almost 3.92% of its total market value on an annualized basis. That bodes well for QCOM stock going forward.
The mobile telecom chip company reported that it made $841 million in dividend payments as well as $500 million in share buybacks or $1.341 billion during its fiscal Q4. On an annualized basis that works out to 3.94% of its $136 billion market value.
In fact, in the last year alone the company has made $6.34 billion in total shareholder return payments, representing 4.66% of its $136 billion market cap.
Qualcomm - Total Returns to Shareholders - Page 2 of Q4 earnings release on Nov. 2
The quarterly dividend of 75 cents per share works out to a dividend yield of 2.45% (i.e., $3.00/$122.51 per share). In addition, the $500 million in buybacks represents a buyback yield of 1.47% (i.e. $2.0 billion/$136 billion). That is why the total yield to shareholders.
Valuation Is Cheap
QCOM stock is now at bargain levels, given that analysts project that earnings will rise 21% next year from $10.23 to $12.40 per share. So, at $122.51 per share today the stock trades for just 9.8x times the projected earnings next year.
This makes the stock a bargain going forward, with its 3.9% total yield as well. For example, its average forward P/E (price-to-earnings) multiple over the past 5 years has been over 17.8x. That represents a potential upside of 81% in the stock. Even if it were to recover half of that the stock could move to $171 per share, up from $122.51 today).
We can use that to set a strike target in options trading...
* * *
Read Full Story »»»
DiscoverGold
|
Followers
|
266
|
Posters
|
|
|
Posts (Today)
|
0
|
Posts (Total)
|
24705
|
|
Created
|
10/06/00
|
Type
|
Free
|
| Moderators | |||
PRESS RELEASES
 Super-fast, precise image capture with Snapdragon Jun 21, 2015 |  Qualcomm Quick Charge 2.0 technology explained Jun 30, 2015 |  ALLie 360 degree 4K video camera from IC Realtech, Real Time, Qualcomm Snapdragon, 13mpix Aug 16, 2015 |
Contact Information
| 5775 Morehouse Drive San Diego, CA 92121 USA Contact Us: (858) 587-1121 | Contact Investor Relations Telephone (858) 658-4813 Email ir@qualcomm.com |
