QCOM stock: buy or sell?
November 15th, 2019
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.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-8-1||Bank of America||n/a||Buy|
|2019-7-22||Royal Bank of Canada||n/a||Sector Perform|
|2019-7-18||Daiwa Capital Markets||n/a||Neutral|
|2019-5-23||Goldman Sachs Group||n/a||Neutral|
|2019-5-23||Bank of America||n/a||Buy|
|2019-5-2||JPMorgan Chase & Co.||Overweight||Positive|
QCOM stock analysis
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.
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 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 $85.00Predicting 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:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-8-1||Deutsche Bank||Lowers Target||$80.00||$75.00||-6.3%|
|2019-8-1||Canaccord Genuity||Lowers Target||$90.00||$87.00||-3.3%|
|2019-8-1||Bank of America||Lowers Target||$105.00||$100.00||-4.8%|
|2019-7-22||Royal Bank of Canada||Initiates||n/a||$79.00||-|
|2019-5-23||Goldman Sachs Group||Initiates||n/a||$73.00||-|
|2019-5-23||Bank of America||Dropped||n/a||$105.00||-|
|2019-5-2||JPMorgan Chase & Co.||Raises Target||$88.00||$96.00||9.1%|
Financials and fundamental analysis
Earnings date and Earnings per ShareAfter presenting its last earnings report on May, QUALCOMM . Unfortunately, reported EPS is not yet available in our database.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 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%
|2013||$24,870 M||-||$6,850 M27.5%||-|
|2014||$26,487 M||6.50%||$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||$22,732 M||1.98%||$-4,864.00 M-21.4%||-297.24%|
|TTM||$21,227 M||-6.62%||$2,457 M11.6%||-150.51%|
Quarterly financial resultsQUALCOMM 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%.
|2017-Q2||$5,370 M||-||$866 M16.1%||-|
|2017-Q3||$5,904 M||9.94%||$169 M2.9%||-80.48%|
|2017-Q4||$6,068 M||2.78%||$-5,953 M-98.1%||-3,622.49%|
|2018-Q1||$5,261 M||-13.30%||$363 M6.9%||-106.10%|
|2018-Q2||$5,599 M||6.42%||$1,219 M21.8%||235.81%|
|2018-Q3||$5,804 M||3.66%||$-493 M-8.5%||-140.44%|
|2018-Q4||$4,842 M||-16.57%||$1,068 M22.1%||-316.63%|
|2019-Q1||$4,982 M||2.89%||$663 M13.3%||-37.92%|
QUALCOMM ownershipWhen 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:
|Market cap||$103.5 B||$3.0 B||$191.2 B||$30.2 B||$399.6 B|
|Total shares||1,140.0 M||548.3 M||4,240.0 M||3,310.0 M||299.6 M|
|Float shares||1,140.0 M||514.3 M||4,240.0 M||2,810.0 M||618.0 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 selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, November 15th, 2019|
|Day range||$90.58 - $93.94|
|Average true range||$2.65|
|50d mov avg||$80.16|
|100d mov avg||$77.02|
|200d mov avg||$70.78|
QUALCOMM performanceTo 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.
|MXIMMaxim Integrated ...||7.81%||9.84%||12.25%|
QUALCOMM competitorsWe chose a few stocks to conform a list of QUALCOMM competitors to review if you are interested in investing in QCOM:
- BlackBerry (BB)
- Cisco Systems (CSCO)
- Alphabet (GOOGL)
- Motorola Solutions (MSI)
- Maxim Integrated Products (MXIM)
- Nokia (NOK)
- NVIDIA (NVDA)
- Texas Instruments (TXN)
Latest QCOM stock news
- InvestorPlaceQualcomm Stock Falters on a Weak Sales ForecastAugust 2, 2019
- InvestorPlaceDon’t Be Scared of Qualcomm StockJuly 30, 2019
- InvestorPlaceQualcomm Stock Delivered, Has Another Rally BrewingJuly 29, 2019
- InvestorPlaceFour Big Reasons Why Qualcomm Stock Can Stay in Rally ModeJuly 29, 2019
- InvestorPlaceSerious Long-term Headwinds Make Qualcomm a Risky Move Right NowJuly 24, 2019