QCOM stock: buy or sell?

QCOM stock price: $90.81 0.36% At close on November 15th, 2019

Updated on:
November 15th, 2019

4

After reaching all time highs on November 8th, QUALCOMM grew 0.36% to $90.81. On Nov 7th QCOM boosted an amazing 5.95%.

QUALCOMM Incorporated designs, develops, manufactures, and markets digital communication products worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI).

Should I buy QCOM stock?

Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. That's why is so important to define your own trading plan that matches with your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

None of our preferred buy setups matches with QUALCOMM stock situation right now, therefore this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is QUALCOMM stock a buy?

Financial institutions and banks publish stock ratings everyday. At Stocks2.com, we collected 15 ratings published for QCOM stock in the last 30 days.

Is QCOM a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-8-2DZ BankHoldSell
2019-8-1Mizuhon/aHold
2019-8-1Deutsche BankHoldIn-Line
2019-8-1Canaccord Genuityn/aBuy
2019-8-1Bank of American/aBuy
2019-7-22Royal Bank of Canadan/aSector Perform
2019-7-18Daiwa Capital Marketsn/aNeutral
2019-7-18BarclaysOverweightEqual Weight
2019-7-12Mizuhon/an/a
2019-6-6Barclaysn/aOverweight
2019-5-23Goldman Sachs Groupn/aNeutral
2019-5-23Deutsche BankBuyHold
2019-5-23Bank of American/aBuy
2019-5-2Raymond JamesOutperformStrong-Buy
2019-5-2JPMorgan Chase & Co.OverweightPositive

QCOM stock analysis

Daily outlook

QUALCOMM grew 0.36% to $90.81 after marking all time highs on Nov 8th.

QUALCOMM grew 0.36% to $90.81 after reaching all time highs on November 8th. QCOM shows a short term strength with several rising tops and rising bottoms. In the very short term, on Nov/14 it marked a new bottom at $89.43 that should act a support if QUALCOMM starts a trading flat base in the range of $89.43 - $94.11 Trading the long side, we should wait to a new breakout over $94.11 to find the next buy point. On October/9 QCOM price bounced up over the SMA of 100 days demonstrating to be a significant support for this stock. Since last September when SMA50d and SMA100d crossed up, QCOM price gained $12.58 per share (16.08%). On November/8, QCOM hit new all time highs, pushing higher previous ATH of $92.50 recorded on November 7th. New ATHs are usual entry points for many trading setups as there aren't higher resistences.

QCOM stock chart (daily)

Weekly outlook

After climbing for 4 weeks, this week QUALCOMM fell an awful -3.42%, closing at $90.81. Last week QCOM climbed an extraordinary 11.11% in just one week.

QUALCOMM stock is trading in the range of its last top and last bottom. Loosing would mean breaking the current uptrend. Breakdowns under last bottom are selling point signals for some trading strategies. Not so far away is the last price record QUALCOMM marked last week. Late May, SMA20w and SMA40w crossed up triggering a rise of 13.33%. Since price and SMA40w lines crossed up by mid April, QCOM climbed $34.82 (62.19%).

QCOM stock chart (weekly)

QCOM stock price history

QCOM stock went public on December 13th, 1991 with a price of $0.371. Since then, QCOM stock grew a 24,443.20%, with an average of 905.30% per year. If you had invested $1,000 in QCOM stock in 1991, it would worth $244,432.00 today.

1: Adjusted price after possible price splits or reverse-splits.

QCOM stock historical price chart

QCOM stock reached all-time highs on Nov 8th with a price of $94.11.

QCOM stock price target is $85.00

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. We found 13 price targets for QCOM stock published in the last month:
QCOM stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-8-1MizuhoReiteratesn/a$68.00-
2019-8-1Deutsche BankLowers Target$80.00$75.00-6.3%
2019-8-1Canaccord GenuityLowers Target$90.00$87.00-3.3%
2019-8-1Bank of AmericaLowers Target$105.00$100.00-4.8%
2019-7-22Royal Bank of CanadaInitiatesn/a$79.00-
2019-7-18BarclaysDowngrades$90.00$75.00-16.7%
2019-7-12MizuhoRaises Target$65.00$68.004.6%
2019-6-6BarclaysLowers Target$100.00$90.00-10%
2019-5-23Goldman Sachs GroupInitiatesn/a$73.00-
2019-5-23Deutsche BankReiterates$98.00$74.00-24.5%
2019-5-23Bank of AmericaDroppedn/a$105.00-
2019-5-2Raymond JamesUpgrades$85.00$115.0035.3%
2019-5-2JPMorgan Chase & Co.Raises Target$88.00$96.009.1%
(in average)$89.00$85.00-4.0%
The price forecast for QUALCOMM stock is $85.00, moving in a range between $115.00 and $68.00. In average, analysts' outlook on QCOM price forecast is negative, reducing the target by a -4.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

After presenting its last earnings report on May, QUALCOMM . Unfortunately, reported EPS is not yet available in our database.
QCOM earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a0.69n/a
2017-Q32017-11-010.810.9213.6%
2017-Q42018-01-310.910.987.7%
2018-Q12018-04-250.550.6721.8%
2018-Q22018-07-250.580.9156.9%
2018-Q32018-11-070.70.768.6%
2018-Q42019-01-300.911.0414.3%
2019-Q12019-05-010.7n/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

In 2018, QUALCOMM annual revenues stepped up a slightly good 1.98% to $22,732.00 million dollars from $22,291.00 marked in 2017. When comparing 2018 vs 2017, by contrast, profit margin (that is, the net income divided by revenues) plunged a -32.46% to -21.40%.

QUALCOMM fiscal year ends in September, and to compare its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, QUALCOMM TTM sales up to March 2019 were $21,227.00 and earnings $2,457.00 M dollars. If we compare this TTM figures with the last reported annuality, we can esteem QUALCOMM business evolution since September 2018: Annual revenues up to March, compared to lastest yearly report, fell a tragic -6.62%. Regarding profit margin, QUALCOMM rocketed 32.97% to -21.40%

QCOM annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$24,870 M-$6,850 M27.5%-
2014$26,487 M6.50%$7,967 M30.1%16.31%
2015$25,281 M-4.55%$5,271 M20.8%-33.84%
2016$23,554 M-6.83%$5,705 M24.2%8.23%
2017$22,291 M-5.36%$2,466 M11.1%-56.77%
2018$22,732 M1.98%$-4,864.00 M-21.4%-297.24%
TTM $21,227 M-6.62%$2,457 M11.6%-150.51%

Quarterly financial results

QUALCOMM reported $4,982.00 M in sales for 2019-Q1, a 2.89% improvement compared to previous quarter. Reported quarter earnings marked $663.00 million with a profit margin of 13.31%. Profit margin fell a -8.75% compared to previous quarter when profit margin was 22.06%. When comparing sales to same quarter last year, QUALCOMM sales marked a fatal slide and slipped a -5.30%.
QCOM quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$5,370 M-$866 M16.1%-
2017-Q3$5,904 M9.94%$169 M2.9%-80.48%
2017-Q4$6,068 M2.78%$-5,953 M-98.1%-3,622.49%
2018-Q1$5,261 M-13.30%$363 M6.9%-106.10%
2018-Q2$5,599 M6.42%$1,219 M21.8%235.81%
2018-Q3$5,804 M3.66%$-493 M-8.5%-140.44%
2018-Q4$4,842 M-16.57%$1,068 M22.1%-316.63%
2019-Q1$4,982 M2.89%$663 M13.3%-37.92%

QUALCOMM ownership

When you are planning to invest in a company, it's always worth to check its ownership structure.

QUALCOMM shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.09% of all shares.

Bearish positions for QCOM stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to QUALCOMM:

QCOMBBCSCOERICGOOGL
Market cap$103.5 B$3.0 B$191.2 B$30.2 B$399.6 B
Total shares1,140.0 M548.3 M4,240.0 M3,310.0 M299.6 M
Float shares1,140.0 M514.3 M4,240.0 M2,810.0 M618.0 M
  - Institutional holdings (%)84.9%54.4%77.3%221.9%81.0%
  - Insider holdings (%)0.1%0.7%0.1%0.0%0.2%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

QCOM summary

Friday, November 15th, 2019
Open$92.60
Close$90.81
Day range$90.58 - $93.94
Previous close$90.48
Session gain0.36%
Average true range$2.65
50d mov avg$80.16
100d mov avg$77.02
200d mov avg$70.78
Daily patternlb03a
Weekly pattern lt06a

QUALCOMM performance

To better understand QUALCOMM performance you must compare its gains with other related stocks in same sector or industry. For QUALCOMM, the benchmark is made against BlackBerry, Cisco Systems, , Alphabet, Motorola Solutions, Maxim Integrated Products, Nokia, NVIDIA, and Texas Instruments.
Stock3m6m12m
QCOMQUALCOMM24.91%13.33%69.04%
BBBlackBerry-20.00%-35.15%-38.91%
CSCOCisco Systems-3.26%-18.87%0.02%
ERIC9.74%-2.56%7.92%
GOOGLAlphabet13.09%14.10%24.83%
MSIMotorola Solution...-6.16%11.07%26.60%
MXIMMaxim Integrated ...7.81%9.84%12.25%
NOKNokia-33.27%-28.72%-39.37%
NVDANVIDIA28.10%30.72%24.70%
SNE11.36%17.96%22.67%
TXNTexas Instruments-3.20%12.00%23.98%

QUALCOMM competitors

We chose a few stocks to conform a list of QUALCOMM competitors to review if you are interested in investing in QCOM:

Latest QCOM stock news