Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Qualcomm. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

It's much too early to write off this semiconductor stock.The recent sell-off in tech stocks did not leave Qualcomm (QCOM -0.67%) unscathed. Although the stock price has stopped falling significantly for now, it has fallen 30% since peaking in June as investors started to sell artificial intelligence (AI) stocks.Nonetheless, as a Qualcomm shareholder, my confidence in the company has not diminished, even though the semiconductor stock has pulled back. Instead, I plan to continue holding, and three key reaso ...

z1bWe previously covered QUALCOMM (NASDAQ:QCOM) in June 2024, discussing its promising entry into the AI chips market, with Microsoft (MSFT) endorsing the ARM-based Snapdragon X Elite CPU chips as the "fastest, most AI-ready PC ever built." With the company in "a new phase of breakthrough," thanks to its well diversified offerings across handset, automotive, broadband, AR/ VR/ XR, and ARM-based AI CPUs, we had reiterated our Buy rating while raising our fair value estimates/ long-term price targets then ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Qualcomm. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Qualcomm. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

QUALCOMM Incorporated QCOM shares are trading lower on Wednesday.KeyBanc Capital Markets analyst John Vinh maintained the Overweight rating and $225 price target due to its edge AI positioning in smartphones and PCs and expanding auto sector presence.The analyst had an investor call with QCOM management, who highlighted key points, including the expectation that Samsung Electronics Co., Ltd. SSNLF GS25’s market share will be 70-75% in the first quarter (December), with potential upside if final allocations ...

A potential future trillion-dollar company, Qualcomm (NASDAQ:QCOM) has seen impressive interest this year. The company’s strong performance this year has been driven by its AI-powered Snapdragon processors, which work for PCs, gaming, smartphones, and automotive models. Despite the stock seeing a 20% drop over the past month and concerns regarding the U.S. economy, Qualcomm may rebound due to strong handset sales and an advantage in automotive.Known more as a semiconductor play, Qualcomm also supports diffe ...

QUALCOMM TodayQCOMQUALCOMM$162.89 -1.59 (-0.97%) 52-Week Range$104.33▼$230.63Dividend Yield2.09%P/E Ratio21.89Price Target$210.63Add to WatchlistQualcomm NASDAQ: QCOM is a well-established tech sector company with a long history of success. While investors might remember the company as a powerhouse during the earliest days of the cellphone era, the company has since shifted its focus to become a leader in the artificial intelligence (AI) sector. Qualcomm has steadily diversified its revenue base to mitigate ...

Core Viewpoint - Qualcomm is poised for a recovery driven by the growth of AI-enabled smartphones, despite recent underperformance in the smartphone market [1][2]. Group 1: Recent Performance and Guidance - Qualcomm's quarterly revenue for Q3 fiscal 2024 increased by 11% year over year to $9.4 billion, with adjusted earnings rising 25% to $2.33 per share, surpassing Wall Street expectations [3]. - The company anticipates revenue of $9.9 billion and earnings of $2.55 per share for the current quarter, indicating a year-over-year revenue increase of 14% and a bottom-line growth of 26% [4]. - Despite positive results, Qualcomm's stock fell over 5% after the earnings release due to concerns about slow recovery in the smartphone market [5]. Group 2: Market Trends and AI Impact - The overall smartphone market is expected to grow at a "flattish to low single digits," but premium smartphones and AI-enabled devices are experiencing faster growth [5][6]. - Shipments of generative-AI-enabled smartphones are projected to quadruple from 2024 to 2027, with these devices expected to account for 43% of global smartphone shipments by 2027, up from 11% this year [6]. Group 3: Future Growth Prospects - Qualcomm is projected to end the current fiscal year with revenue of $38.6 billion, an 8% increase from the previous year, with fiscal 2025 revenue growth expected to exceed 10% [7]. - If Qualcomm achieves a 15% annual earnings growth rate over the next three years, its earnings per share could rise to $15, potentially doubling its current stock price to $345 [8]. - The current price-to-earnings ratio of Qualcomm suggests it is undervalued compared to the Nasdaq-100, presenting a solid investment opportunity [8].

Core Viewpoint - Qualcomm (QCOM) has received an upgrade to a Zacks Rank 2 (Buy), indicating a positive outlook for its earnings estimates, which is a significant factor influencing stock prices [1][2]. Earnings Outlook - The Zacks rating upgrade reflects an optimistic earnings outlook for Qualcomm, which could lead to increased buying pressure and a rise in stock price [2]. - Qualcomm is projected to earn $10.01 per share for the fiscal year ending September 2024, representing a year-over-year increase of 18.7% [5]. Earnings Estimate Revisions - Analysts have been consistently raising their earnings estimates for Qualcomm, with the Zacks Consensus Estimate increasing by 2% over the past three months [5]. - The correlation between earnings estimate revisions and near-term stock movements is strong, making it beneficial for investors to track these revisions [4]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 (Strong Buy) stocks historically generating an average annual return of +25% since 1988 [4]. - Qualcomm's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [7].