Susquehanna raised the price target for the QUALCOMM Incorporated (NASDAQ:QCOM) stock from “a Positive” to “a Neutral”. The rating was released on April 19, 2021. We previously noted in another research note published on April 12, 2021 by Evercore ISI that downgraded the stock from an Outperform to an In-line with a price target of $150 for QCOM stock. The research report from Piper Sandler has upgraded the stock from Neutral to Overweight, with a price target set at $160. In their research brief published January 19, 2021, Raymond James analysts reiterated the QUALCOMM Incorporated stock to Strong Buy with a price target of $190.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of QUALCOMM Incorporated (NASDAQ:QCOM) dipped -0.97% to close Tuesday’s market session at $141.19, lower as compared to yesterday’s close. The stock price fluctuated between $139.68 and $143.18 throughout the trading session with the volume trading being 7058875 shares, which represented a significant variation when compared to the three months average volume of 8.51 million shares. The firm’s stock price fluctuated 1.05% within the last five trades and 5.10% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -4.92% in the last 6 months and 2.27% was added to its value over the previous 3 months. QCOM stock is trading at a margin of 3.28%, 4.75% and 2.11% 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 -15.93 percent below its 52-week high and 61.34 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 39.84. 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 30.10 percent and the profit margin is 27.30 percent, and the company has reported a gross margin of 60.00 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 $157.27 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 20.23. 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 16.41. 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 5.35 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 21.56, 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, 0.13 percent of QUALCOMM Incorporated shares are owned by insiders, and 75.00 percent are held by financial institutions. MODOFF BRIAN, the EVP, Strategy and M&A at QUALCOMM Incorporated (QCOM) has sold 1,510 shares of firm on Jun 15 at a price of $136.45 against the total amount of $0.21 million. In another inside trade, POLEK ERIN L, SVP, Controller & CAO of QUALCOMM Incorporated (NASDAQ:QCOM) sold 1,835 shares of the firm on May 21 for a total worth of $0.24 million at a price of $132.00. An inside trade which took place on May 14, EVP, Strategy and M&A of QUALCOMM Incorporated MODOFF BRIAN sold 1,510 shares of firm against total price of $0.2 million at the cost of $129.32 per share.