Michael ViOver the last year or so, the semiconductor industry has been one of the hottest places to invest. The iShares Semiconductor ETF (SOXX) is up by more than 44% during the past 12 months (more than doubling the S&P 500’s 19.15% performance). Stocks like Nvidia (NVDA), Broadcom (AVGO), and Advanced Micro Devices (AMD) seem to get most of the publicity here (and for good reason). Their artificial intelligence prospects have pushed shares of those companies higher by triple digits during the last y ...

If you want to bolster your portfolio’s tech-sector holdings but feel that the “Magnificent Seven” stocks are too pricey, Qualcomm (NASDAQ:QCOM) is a perfect pick. A thorough Qualcomm stock analysis reveals a great investment opportunity. It checks all of the boxes, whether you’re interested in growth, a good value, or passive income.Besides, Qualcomm has a long-term arrangement with a famous “Mag-Seven” company. This partnership could keep Qualcomm stock afloat for years to come. Ultimately, Qualcomm prove ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

Qualcomm Incorporated (QCOM) reported relatively healthy first-quarter fiscal 2024 results, with the bottom and top lines beating the respective Zacks Consensus Estimate, driven by healthy demand trends in Android handsets and automotive businesses.Both metrics improved year over year, led by the strength of the business model, revenue diversification and the ability to respond proactively to the evolving market scenario. Consequently, shares were up post earnings release, despite expectations of a modest r ...

Core Viewpoint - Qualcomm's stock has been downgraded from a "buy" to a "neutral" rating by Citi analyst Christopher Danely, despite maintaining a price target of $160 per share, indicating a potential increase of 7.7% from its prior close [1][2]. Group 1 - The downgrade reflects disappointment with Qualcomm's recent earnings report, leading to a reassessment of the company's growth prospects [2]. - The analyst noted that the previous upgrade was based on expectations of market share gains at Samsung and a belief in a "beat and raise" cycle, which now appears to be ending [2]. - As of Thursday morning, Qualcomm's stock is down 2.4% following the downgrade [2]. Group 2 - The consensus rating among analysts remains a moderate buy based on 22 opinions, with a consensus price prediction of $145.78 per share, which is below Citi's target [1].

First Quarter Fiscal 2024 Earnings Note Regarding Forward-Looking Statements In addition to historical information, this document and the conference call that it accompanies contain forward-looking statements that are inherently subject to risks and uncertainties, including but not limited to: statements regarding our growth and diversification opportunities, including those in Automotive, IoT and the artificial intelligence (AI) space; our business, product and technology strategies, including our diversif ...

QUALCOMM Incorporated (NASDAQ:QCOM) Q1 2024 Earnings Conference Call January 31, 2024 4:45 PM ET Company Participants Mauricio Lopez-Hodoyan - VP, IR Cristiano Amon - President & CEO Akash Palkhiwala - CFO Conference Call Participants Samik Chatterjee - JPMorgan Matt Ramsay - TD Cowen Mike Walkley - Canaccord Genuity Stacy Rasgon - Bernstein Research Chris Caso - Wolfe Research Timothy Arcuri - UBS Ross Seymore - Deutsche Bank Tom O'Malley - Barclays Tal Liani - Bank of America Operator Ladies and gentlemen ...

For the quarter ended December 2023, Qualcomm (QCOM) reported revenue of $9.94 billion, up 5.1% over the same period last year. EPS came in at $2.75, compared to $2.37 in the year-ago quarter.The reported revenue represents a surprise of +4.52% over the Zacks Consensus Estimate of $9.51 billion. With the consensus EPS estimate being $2.38, the EPS surprise was +15.55%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expec ...

Qualcomm (QCOM) came out with quarterly earnings of $2.75 per share, beating the Zacks Consensus Estimate of $2.38 per share. This compares to earnings of $2.37 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 15.55%. A quarter ago, it was expected that this chipmaker would post earnings of $1.92 per share when it actually produced earnings of $2.02, delivering a surprise of 5.21%.Over the last four quarters, the company has su ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...