Streetbeat News

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

Insiders at Qualcomm, Dollar Tree, Northrop Grumman, and Southern Company have recently sold shares. Qualcomm's Chief Commercial Officer sold 1,000 shares following a Q3 revenue miss. Dollar Tree's CIO sold 1,259 shares after Exane BNP Paribas initiated coverage with an Outperform rating. Northrop Grumman's CVP & Pres. Defense Systems sold 1,007 shares after UBS initiated coverage with a Buy rating. Southern Company's CEO sold 5,000 shares after its subsidiary acquired a solar project.

Portfolio Pulse from Lisa Levin

October 12, 2023 | 11:46 am

Bank of America has identified five global stocks with significant growth potential in the field of end-device AI. The bank forecasts a 96% compounded annual growth rate for foundries and a 105% growth rate for chipmakers from 2023-2025, reaching over $14 billion in revenue. The stocks identified are Qualcomm Inc., MediaTek Inc., Nordic Semiconductor, SK Hynix Inc., and Renesas Electronics Corporation.

Portfolio Pulse from Benzinga Neuro

October 11, 2023 | 7:42 am

The article reports on the recent options activity in the Information Technology sector. It highlights the trades of 10 US-listed companies: NVDA, AMD, MSFT, PLTR, QCOM, SMCI, CRDO, VMW, ZS, and MU. The trades vary in sentiment from bullish to bearish and neutral, with different expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 5:35 pm

Qualcomm Technologies has introduced a new naming architecture for its next-generation PC platforms, the Snapdragon X Series. The Snapdragon X Series will deliver improved performance, AI, connectivity, and battery life. The new platforms will utilize Qualcomm's next-generation custom Oryon CPU, which will provide a significant improvement in performance and power efficiency. The new naming convention and visual design system were developed following extensive analysis, consumer research, and feedback from the PC ecosystem.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 4:05 pm

Huawei's new smartphone series, powered by its proprietary Kirin 9000s chips, has sparked concerns in the US about its ability to curb China's tech ambitions. The Kirin 9000s chips deliver comparable performance to Qualcomm's Snapdragon 888. The US is reportedly planning to update its restrictions on the export of AI chips and semiconductor production equipment to China. Huawei continues to be one of Qualcomm’s major customers, purchasing between 23 million and 25 million chips from Qualcomm last year. However, if Huawei can produce the Kirin 9000s chip at a slightly higher cost, it may reduce its purchase of some of its higher-end chips from Qualcomm next year.

Portfolio Pulse from The Bamboo Works

October 10, 2023 | 1:27 pm

Analyst firm CCS Insight predicts a reality check for the generative AI sector in 2024 due to fading hype, escalating operational costs, and increasing calls for regulation. Companies like Alphabet, Amazon, Qualcomm, and Meta Platforms have been at the forefront of the AI conversation. The operational costs, especially for smaller organizations and developers, are becoming a significant barrier. Tech giants like Amazon, Google, Alibaba, and Meta are developing AI chips to manage costs. The EU's AI regulations will likely be finalized by late 2024, prompting the industry to initiate self-regulation in the interim.

Portfolio Pulse from Anusuya Lahiri

October 10, 2023 | 12:01 pm

Huawei Technologies is planning to double its smartphone sales in 2024, aiming to ship 60 to 70 million units, despite potential U.S. restrictions. The company has been stockpiling essential components and urged Qualcomm, its sole U.S. supplier of 4G mobile chips, to fulfill the entire year's order by June. Huawei has also been manufacturing 5G mobile chipsets with China's leading chipmaker, Semiconductor Manufacturing International Co. However, the U.S. is considering expanding its stringent export controls on chipmaking equipment and AI chips, which could pose challenges for Huawei.

Portfolio Pulse from Anusuya Lahiri

October 10, 2023 | 11:54 am

Qualcomm's (NYSE:QCOM) short percent of float has risen 21.43% since its last report, with 13.24 million shares sold short, which is 1.19% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, Qualcomm's peer group average for short interest as a percentage of float is 3.67%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 7:45 pm

Over the past 20 years, Qualcomm (NASDAQ:QCOM) has outperformed the market by 1.03% on an annualized basis, producing an average annual return of 8.3%. If an investor had bought $100 of QCOM stock 20 years ago, it would be worth $501.09 today.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 2:01 pm

The article reports on significant options activity in the Information Technology sector. The stocks mentioned include Apple (AAPL), Microsoft (MSFT), Nvidia (NVDA), Palantir (PLTR), Qualcomm (QCOM), Unity Software (U), Applovin (APP), Advanced Micro Devices (AMD), Snowflake (SNOW), and Taiwan Semiconductor Manufacturing (TSM). The article provides details on the type of options activity (put/call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each stock.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 5:35 pm

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