SMBC Nikko lowered the price target for the QUALCOMM Incorporated (NASDAQ:QCOM) stock from “an Outperform” to “a Neutral”. The rating was released on April 18, 2022, according to finviz. We previously noted in another research note published on February 03, 2022 by Raymond James that reiterated the stock to a Strong buy with a price target of $222 for QCOM stock. The research report from Morgan Stanley has reiterated the stock to Overweight, with a price target set at $223. The stock was reiterated by Mizuho, who disclosed in a research note on February 03, 2022, to Buy and set the price objective to $210. In their research brief published February 03, 2022, KeyBanc Capital Markets analysts reiterated the QUALCOMM Incorporated stock to Overweight with a price target of $230.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of QUALCOMM Incorporated (NASDAQ:QCOM) raised 2.81% to close Tuesday’s market session at $124.39, higher as compared to yesterday’s close. The stock price fluctuated between $123.72 and $126.1199 throughout the trading session with the volume trading being 9083825 shares, which represented a significant variation when compared to the three months average volume of 10.89 million shares. The firm’s stock price fluctuated -3.32% within the last five trades and -4.73% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -29.64% in the last 6 months and -20.05% was subtracted to its value over the previous 3 months. QCOM stock is trading at a margin of -7.58%, -8.88% and -19.22% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, QCOM deals in the Technology domain. The stock is trading -35.74 percent below its 52-week high and 5.09 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -20.1. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does QUALCOMM Incorporated’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 32.60 percent and the profit margin is 28.40 percent, and the company has reported a gross margin of 58.50 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $139.12 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for QUALCOMM Incorporated (NASDAQ:QCOM) is 12.73. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 9.45. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 3.54 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 10.50, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.12 percent of QUALCOMM Incorporated shares are owned by insiders, and 75.50 percent are held by financial institutions. POLEK ERIN L, the SVP, Controller & CAO at QUALCOMM Incorporated (QCOM) has sold 1,521 shares of firm on May 23 at a price of $129.95 against the total amount of $0.2 million. In another inside trade, CATHEY JAMES J, Chief Commercial Officer of QUALCOMM Incorporated (NASDAQ:QCOM) sold 1,600 shares of the firm on May 04 for a total worth of $0.23 million at a price of $145.04. An inside trade which took place on Feb 10, Chief Financial Officer of QUALCOMM Incorporated Palkhiwala Akash J. sold 3,100 shares of firm against total price of $0.56 million at the cost of $179.83 per share.