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QCOM

QUALCOMM Incorporated

https://www.qualcomm.com

Industry

Semiconductors

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. The company 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 based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products. The QTL segment grants licenses or provides rights to use portions of its intellectual property portfolio, which include various patent rights useful in the manufacture and sale of wireless products comprising products implementing CDMA2000, WCDMA,LTE and/or OFDMA-based 5G standards and their derivatives. The QSI segment invests in early-stage companies in various industries, including 5G, artificial intelligence, automotive, consumer, enterprise, cloud, and IoT, and investment for supporting the design and introduction of new products and services for voice and data communications, new industries, and applications. It also provides development, and other services and related products to the United States government agencies and their contractors. QUALCOMM Incorporated was incorpotared in 1985 and is headquartered in San Diego, California.

Open

163.00

Mkt cap

178B

Volume

9.7M

High

164.32

P/E Ratio

17.95

52-wk high

230.63

Low

159.60

Div yield

0.02

52-wk low

125.67

Qualcomm has provided guidance for its Q2 2024 adjusted earnings per share (EPS) to be in the range of $2.20-$2.40, compared to the estimated $2.25. The company also forecasts revenues to be between $8.9 billion and $9.7 billion, versus the estimated $9.303 billion.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 9:00 pm

Ahead of the FOMC meeting, the Nasdaq 100 and S&P 500 fell due to disappointing earnings from tech companies like Alphabet and AMD. The ADP National Employment Report showed slower job growth, and the VIX rose. Treasury yields fell, boosting the iShares 20+ Year Treasury Bond ETF. The SPDR S&P Regional Banking ETF dropped after New York Community Bancorp reported a loss. Other stocks moved on earnings reports, with Boeing rallying on strong results.

Portfolio Pulse from Piero Cingari

January 31, 2024 | 5:45 pm

Today's session revealed significant options activity for several technology stocks, with whale alerts indicating large transactions. AMD, AAPL, NVDA, MARA, CIFR, QCOM, STM, EXTR, WOLF, and SMCI had notable put and call sweeps with varying sentiments and expiration dates. The activity suggests that large investors are making strategic bets on these companies' future stock movements, which could influence the short-term price direction of their stocks.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 5:35 pm

QUALCOMM Incorporated (NASDAQ:QCOM) is set to release its Q1 earnings after the market closes on January 31, 2024. Analysts predict earnings of $2.37 per share, matching the previous year's results, and forecast revenue of $9.52 billion. Akash Palkhiwala was recently appointed as CFO and COO. The stock closed down 2.5% at $145.98. Analysts from Canaccord Genuity, Rosenblatt, Keybanc, Citigroup, and Morgan Stanley have provided recent ratings and price target changes, with most maintaining a positive outlook and raising their price targets.

Portfolio Pulse from Avi Kapoor

January 31, 2024 | 4:02 pm

A comprehensive list of companies is scheduled to report earnings on January 31, 2024, before and after the bell. The list includes a variety of sectors with projected earnings per share and revenue. Notable companies include Novartis, Boeing, Mastercard, and Qualcomm, among others. Some companies are expected to report losses, such as Regis and Silicon Laboratories.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 11:09 am

The Fear and Greed Index moved to the 'Greed' zone at 74.1, indicating a shift in market sentiment. U.S. stocks closed mixed ahead of the Fed's rate decision, with expectations of unchanged rates. General Motors and F5, Inc. reported strong earnings, boosting their shares. Microsoft and Alphabet released earnings after the close. Economic data showed a rise in home prices and job openings. Investors are looking forward to earnings from Phillips 66, Boeing, QUALCOMM, and Mastercard.

Portfolio Pulse from Avi Kapoor

January 31, 2024 | 9:12 am

U.S. stock futures are trading lower with investor focus on upcoming earnings reports. Boeing (BA) is expected to report a quarterly loss before the opening bell, while Alphabet (GOOG, GOOGL) shares dropped after Q4 earnings with lower ad sales. QUALCOMM (QCOM) is anticipated to post earnings after market close. Microsoft (MSFT) reported better-than-expected Q2 results, and Phillips 66 (PSX) is also expected to report earnings before the market opens.

Portfolio Pulse from Avi Kapoor

January 31, 2024 | 8:56 am

Qualcomm Inc (NASDAQ:QCOM) is set to report Q1 earnings on Jan. 31 with expectations of $2.37 EPS and $9.51 billion in revenues. Analysts are focusing on Qualcomm's growth in the automotive sector, AI capabilities, and stock valuation. The company's Snapdragon 8 Gen 3 chips and Oryon series for laptops show its competitive edge. Qualcomm's automotive business grew 23% sequentially in fiscal Q4, and its AI technology is expected to drive demand for semiconductor chips. Despite a forward P/E of 14.21, lower than peers Intel (NASDAQ:INTC) and Texas Instruments (NASDAQ:TXN), Qualcomm is seen as undervalued. Analysts maintain a Buy rating with a price target of $135.97, with recent targets up to $175. Qualcomm's stock closed at $150.44 on Jan. 29.

Portfolio Pulse from Surbhi Jain

January 30, 2024 | 3:20 pm

Qualcomm (NASDAQ:QCOM) is expected to release its quarterly earnings report on January 31, 2024, with an estimated EPS of $2.37. Investors are looking for an earnings beat and positive guidance for future growth. Qualcomm's stock performance has been positive over the last year, with shares up 7.52%. Past earnings have shown mixed results with both beats and misses affecting stock price movements.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 2:01 pm

The semiconductor industry is experiencing mixed Q4 earnings results, with KeyBanc Capital Markets providing insights and ratings for six companies reporting in the upcoming week: AMD, MCHP, QRVO, QCOM, SLAB, and SWKS. Texas Instruments and Intel reported lower-than-expected results and guidance, while optimism remains for AMD, and solid results are expected for smartphone semiconductor companies. The IoT sector, represented by SLAB, is anticipated to show gradual recovery.

Portfolio Pulse from Surbhi Jain

January 29, 2024 | 7:27 pm

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