Is Qualcomm stock a good investment?
Qualcomm (QCOM) is one such stock that our proprietary system currently recommends. The company not only has a favorable Growth Score, but also carries a top Zacks Rank. Research shows that stocks carrying the best growth features consistently beat the market.
With management's guidance consistent with our estimates, we maintain our $163 fair value estimate and see shares of narrow-moat Qualcomm as modestly overvalued at current levels. First-quarter sales were $10.7 billion, up 30% year over year.
QUALCOMM has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 14 buy ratings, 9 hold ratings, and no sell ratings.
- 1 1. Broadcom.
- 2 2. Intel.
- 3 3. AMD.
- 4 4. Nvidia.
- 5 5. Cirrus Logic.
- 6 6. MediaTek.
- 7 7. Apple.
- 8 8. Infineon Technologies.
Is Qualcomm Stock Overvalued? I believe that the answer to this question is "No". Qualcomm has risen considerably in the recent past, but from a valuation perspective, its shares are far from expensive.
Shares of Qualcomm (QCOM -0.75%) dropped 10.8% in March due to tech stock weakness and concerns about its competitive strength. The company announced a large increase to its dividend, which is now up to a 2% yield.
Zacks' proprietary data indicates that QUALCOMM Incorporated is currently rated as a Zacks Rank 3 and we are expecting an inline return from the QCOM shares relative to the market in the next few months.
The 28 analysts offering 12-month price forecasts for Qualcomm Inc have a median target of 200.00, with a high estimate of 471.60 and a low estimate of 150.00.
| High | $471.60 |
|---|---|
| Low | $150.00 |
| Average | $205.66 |
| Current Price | $140.58 |
Qualcomm is registered under the ticker NASDAQ:QCOM . Their stock opened with $16.00 in its Dec 20, 1991 IPO.
Is Qualcomm a Chinese company?
Qualcomm (/ˈkwɒlkɒm/) is an American multinational corporation headquartered in San Diego, California, and incorporated in Delaware. It creates semiconductors, software, and services related to wireless technology.
Qualcomm on Tuesday said that it believes it will supply only 20 percent of the modem chips to connect Apple iPhone wireless data networks by the device's 2023 launch. Qualcomm currently supplies modem chips for all of Apple's devices.
Irwin Jacobs has used all three to inspire and innovate, from his early life in academia through his years as Qualcomm founder, CEO, and Chairman of the Board. His spirit of invention, as well as his generosity, has had a profound impact on San Diego, the wireless industry, and the world.
Bottom line: Qualcomm stock is not a buy right now.
This company not only has a favorable Growth Score, but also carries a top Zacks Rank. Research shows that stocks carrying the best growth features consistently beat the market. And for stocks that have a combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy), returns are even better.
Qualcomm Stock Is Rising Because Its Earnings Were Good and Its Guidance Even Better. Qualcomm shares were rising after the provider of mobile phone chips posted better-than-expected quarterly results and offered strong guidance for its current quarter, driven by strong smartphone demand.
