If you are a public equities investor betting on the digital economy, semiconductor stocks would have to be in your portfolio. While many semiconductor stocks performed well last year, especially ones connected to the rise of artificial intelligence (AI), there were a number of semiconductor stocks to sell. The semiconductor sector is crowded, and nowadays, there are a number of geopolitical considerations to dwell on, as well as a global economic slowdown to think about. In this article, we will go over th ...

While many S&P 500 stocks are reaching recent highs, Wall Street analysts are also reassessing their price targets and issuing outlook changes and downgrades for a number of companies. Today, we introduce three stocks with price target cuts.Analyst downgrades often offer valuable insights into a company’s share price, revealing factors like overvaluation, profitability concerns, or rising competition. These recent stock downgrades underscore a shift in market sentiment, prompting investors to reevaluate the ...

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.Shares of this chipmaker have returned +3% over the past month versus the Zacks S&P 500 composite's +5.6% change. The Zacks Wireless Equipment industry, to which Qualcomm belongs, has gained 4% over this period. Now the key question is: Where could the stock be headed in the near term?While media relea ...

Following a successful several months, during which the stock of Qualcomm (NASDAQ: QCOM) managed to grow its price by nearly 40%, analysts are cautiously optimistic about the international semiconductor and telecommunications equipment company’s prospects for the next 12 months.As it happens, the developer of digital wireless communications products and services based on CDMA technology was mostly trading between $105 and $130 for the majority of 2023, finally making a decisive move upward toward the year’s ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Qualcomm (QCOM) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Qualcomm currently has an average ...

Shares of Qualcomm (QCOM -4.98%) fell 5% on Thursday despite stronger-than-expected quarterly results and solid forward guidance from the semiconductor giant.On Qualcomm's strong start to the fiscal yearFor its fiscal first quarter of 2024 (ended Dec. 24, 2023), Qualcomm's adjusted (non-GAAP) revenue grew 5% year over year to $9.922 billion, translating to a 16% increase in adjusted net income to $3.101 billion, or $2.75 per share. Analysts, on average, were only modeling earnings of $2.37 per share on reve ...

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 ...