Analysts on Wall Street project that Qualcomm (QCOM) will announce quarterly earnings of $2.38 per share in its forthcoming report, representing an increase of 0.4% year over year. Revenues are projected to reach $9.51 billion, increasing 0.5% from the same quarter last year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prio ...

Qualcomm (QCOM) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on January 31. ...

Qualcomm (QCOM) closed at $152.87 in the latest trading session, marking a +0.6% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.22%. Meanwhile, the Dow experienced a rise of 0.36%, and the technology-dominated Nasdaq saw an increase of 0.32%.Shares of the chipmaker witnessed a gain of 5.9% over the previous month, beating the performance of the Computer and Technology sector with its gain of 3.64% and the S&P 500's gain of 1.61%.The investment community will ...

Qualcomm (QCOM) shares ended the last trading session 4.6% higher at $151.96. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 2% gain over the past four weeks.Qualcomm recently unveiled the Snapdragon XR2+ Gen2 chip platform engineered to support next-generation use cases in mixed reality (MR) and virtual reality (VR) applications. It incorporates high-end MR and VR technology into a single-chip architecture. Its u ...

SAN DIEGO--(BUSINESS WIRE)--Qualcomm Incorporated (NASDAQ: QCOM) today announced a quarterly cash dividend of $0.80 per common share, payable on March 21, 2024, to stockholders of record at the close of business on February 29, 2024. About Qualcomm Qualcomm is enabling a world where everyone and everything can be intelligently connected. Our one technology roadmap allows us to efficiently scale the technologies that launched the mobile revolution – including advanced connectivity, high-performance, low-po ...

Qualcomm (QCOM) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this chipmaker have returned -1.5%, compared to the Zacks S&P 500 composite's +1.2% change. During this period, the Zacks Wireless Equipment industry, which Qualcomm falls in, has gained 0.5%. The key question now is: What could be the stock's future direction?While media ...

Old and boring wireless communications chip technologist Qualcomm (QCOM 0.84%) sported a stellar total return (share price plus dividends reinvested) of 32% in 2023. It was an impressive showing, especially considering that the smartphone market (still the bulk of Qualcomm's revenue) was in a deep slump last year. But with the smartphone market bottoming out and 5G network expansion still ongoing, I'm optimistic Qualcomm stock can do well again in 2024. Here's why I added to my position to kick off the new ...

Qualcomm (NASDAQ:QCOM) stock is on the move Friday after Citi analyst Christopher Danely weighed in on the technology company’s shares.The Citi analyst upgraded shares of QCOM stock from a “neutral” rating to a “buy” rating today. Investors will note that the analysts’ consensus rating for Qualcomm shares is moderate buy based on 19 opinions.In addition to that, Danely bumped up the price target for QCOM stock from $110 per share to $160 per share. That represents a potential upside of 15.1% compared to its ...

Qualcomm Inc (NASDAQ: QCOM) has already gained close to 35% in less than three months but a Citi analyst is convinced that it’s not out of juice just yet.Qualcomm stock has upside to $160Copy link to sectionChristopher Danely upgraded the semiconductors behemoth this morning to “buy”. His $160 price objective suggests another 15% upside from here. The analyst is bullish on Qualcomm stock because he expects the company to report upbeat results for its fiscal fourth quarter in early February and issue solid g ...

The shares of semiconductor concern Qualcomm, Inc. (NASDAQ:QCOM) is 1.6% higher in premarket trading, pacing to open up above $141 after Citigroup upgraded the stock to "buy" from "neutral" and hiked its price target by $50 to $160. The analyst raised its revenue and earnings per share (EPS) guidance on Qualcomm, citing inventory replenishment in the handset space that they believe will continue through the first quarter of 2024.While the majority of analysts are already optimistic, there's still some room ...