A significant player in the semiconductor sector and a pioneer in wireless technology worldwide is Qualcomm Incorporated. The goal of Qualcomm, a company established in 1985 with headquarters in San Diego, California, is to make it possible for computing and mobile communications technologies to combine. For laptops, smartphones, tablets, and other wireless devices, the firm develops and produces semiconductors and other technology. Processors, modems, radio frequency chips, software, and patent licensing are some of its goods and services. More than 40,000 individuals work for the corporation, which has operations in more than 40 nations.
The management team of Qualcomm is made up of seasoned industry experts with a depth of knowledge in engineering, technology, and business. In July 2021, Cristiano Amon was chosen to succeed Steve Mollenkopf as Qualcomm’s CEO. Mollenkopf had served as Qualcomm’s CEO for seven years before he decided to step down. Amon has worked for Qualcomm for more than 20 years and has held a number of executive positions, including president of Qualcomm CDMA Technologies (QCT), where he was in charge of the firm’s semiconductor division.
Qualcomm has produced continuous financial performance over the last few years, which has been fueled by a high demand for its goods and services. Over the past few years, Qualcomm has routinely reported rising sales, net income, and profit margins. The corporation has acceptable debt levels and sufficient assets to meet its liabilities.
Prices
The closing price of QUALCOMM, Inc. stock was $ 132.11, with a market capitalization of $ 147.17B (44M shares outstanding). QUALCOMM, Inc. is listed on NASDAQ under the symbol QCOM. The price of QUALCOMM, Inc. has increased -0.05% over the last day. The current stock price forecast for QUALCOMM, Inc. is optimistic.The trailing twelve-month dividend rate for QUALCOMM, Inc. is $2.90 per share, with a dividend yield of 0.02%.
QCOM stock found support near $101.00 at the end of May, and prices then formed a bullish engulfing candle. Later, buying activity intensified as well, and prices started to rise by setting higher highs. Qualcomm’s stock made an effort to surpass the $125.00 barrier in the middle of June.
REWARDS
- trading at 4% under what we believe to be its true value
- has a consistent dividend yield of 2.42%
- Comparing trading at a good value with its competitors and industry
Risk evaluation
- Over the next three years, earnings are expected to fall by an average of 4.2% annually.
- has a significant debt load
Analysis
In the preceding month, Qualcomm’s stock price (NASDAQ: QCOM) increased by almost 11% and broke through the $125.00 barrier. The price of QCOM is increasing and developing a bullish continuation pattern.
The price of Qualcomm’s stock has managed to move above both the 50-day and 200-day exponential moving averages, signaling an upward trend reversal. Although the market appears to be a little overstretched, a small retracement to the 50 day EMA is still feasible.
On the downside, however, $112.00 serves as a sturdy support, and prices once again rebound strongly. Positive enthusiasm was sparked recently when Qualcomm stock cleared the $125.00 barrier.
With an intraday increase of 2.08%, Qualcomm’s stock price concluded the previous session at $132.17. At $147.24 billion, the market capitalization is currently.
ON the daily chart:
- The Moving Averages Convergence Divergence (MACD) indicator for Qualcomm Inc. (QCOM) is 3.01, indicating that Qualcomm Inc. is a Sell.
- With a share price of $132.08 and a 20-Day exponential moving average of 123.39, Qualcomm Inc. (QCOM) is a Buy.
- With a 50-day exponential moving average of 119.80 and a share price of $132.08, Qualcomm Inc. (QCOM) is a Buy.
On the Weekly Chart:
- The Moving Averages Convergence Divergence (MACD) indicator for Qualcomm Inc. (QCOM) is 0.94, indicating that Qualcomm Inc. is a Sell.
- With a share price of $132.08 and a 20-Day exponential moving average of 119.91, Qualcomm Inc. (QCOM) is a Buy.
- With a 50-day exponential moving average of 122.51 and a share price of $132.08, Qualcomm Inc. (QCOM) is a Buy
Indicators:
- The Relative Strength Index (RSI) for Qualcomm Inc. (QCOM) is 61.22, indicating a Neutral signal.
- The Trend Strength Indicator (ADX) for Qualcomm Inc. (QCOM) is 13.09, indicating a Buy.
- The Commodity Channel Index (CCI) for Qualcomm Inc. (QCOM) is 159.16, indicating a Sell.
- The Price Rate of Change (ROC) for Qualcomm Inc. (QCOM) is 13.01, generating a Buy signal.
Prediction
By August 7, 2023, the value of Qualcomm shares will increase by 2.17% and reach $ 134.97 per share, based on our most recent QCOM stock forecast. Our technical indicators indicate that the market is now bullish, despite the Fear and Greed Index reading of 39 (Fear). In the past 30 days, QCOM stock experienced 3.35% price volatility and 17/30 (57%) green days. Given that Qualcomm stock is currently priced 2.12% below our prediction, it is an excellent moment to buy QCOM stock.
2025 Qualcomm Share Price Prediction
The current Qualcomm stock forecast for 2025 is $ 159.52, based on the assumption that Qualcomm share prices will increase at the same average annual rate as they did over the previous ten years. The price of QCOM stock would grow by 20.75% as a result.
2030 Qualcomm Stock Forecast
If Qualcomm’s stock continues to rise at its current 10-year average rate, it will reach 255.57 in 2030. If this Qualcomm stock forecast for 2030 comes true, the price of QCOM stock will increase by 93.4 percent.
