QUALCOMM Incorporated’s Stock Price Dips to $215.47, Marking a 5.12% Decrease: Is Now the Time to Buy?

QUALCOMM Incorporated (QCOM)

215.47 USD -11.62 (-5.12%) Volume: 18.45M

QUALCOMM Incorporated’s stock price is currently at 215.47 USD, experiencing a trading session dip of 5.12% with a trading volume of 18.45M, yet boasting a robust YTD increase of 48.98%, highlighting the stock’s significant growth potential.

Latest developments on QUALCOMM Incorporated

Qualcomm Inc. has been making headlines recently, with key events impacting its stock price today. The company reached a $75 million settlement over its sales and licensing practices, resolving a lawsuit linked to Apple’s patent licensing claims. Despite this, Qualcomm’s stock surged on news of a potential partnership with Samsung for the Galaxy S25, driving growth in the market. The company’s expansion of its partnership with Mercedes to cover the F1 Academy also contributed to positive investor sentiment. With ongoing developments in the AI sector and strong shareholder returns, Qualcomm remains a stock to watch in the tech industry.

QUALCOMM Incorporated on Smartkarma

Analyst coverage of Qualcomm Inc on Smartkarma reveals bullish sentiments from top independent analysts like William Keating. Keating’s research reports highlight Qualcomm’s impressive performance in the automotive sector, with Q1CY24 revenues reaching $603 million, up 35% YoY. The company’s automotive design-win pipeline has grown to $45 billion, showcasing a strong position that rivals Intel and AMD. Additionally, Qualcomm’s advancements in NPU technology have positioned them as the sole supplier to Microsoft’s CoPilot+ PCs, outpacing competitors in the market.

Another analyst, Baptista Research, echoes the positive outlook on Qualcomm, emphasizing the company’s solid momentum in augmented and virtual reality. Qualcomm’s second quarter 2024 earnings exceeded expectations, with non-GAAP revenues of $9.4 billion driven by strong performance in the chipset business. With a focus on technology leadership, Qualcomm anticipates continued growth in both the mobile and automotive markets, supported by heavy investments in on-device AI and IoT. Overall, analyst coverage on Smartkarma paints a optimistic picture of Qualcomm’s future prospects and market position.

A look at QUALCOMM Incorporated Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Qualcomm Inc, a company that manufactures digital wireless communications equipment, has received a mixed outlook based on the Smartkarma Smart Scores. While the company scored high in terms of Dividend and Momentum, indicating a strong performance in these areas, it scored lower in terms of Value and Growth. This suggests that Qualcomm Inc may be a good option for investors looking for stable dividends and strong market momentum, but may not offer as much potential for growth.

Overall, Qualcomm Inc received an average outlook based on the Smartkarma Smart Scores. The company’s resilience score was in the middle range, indicating that it may be able to withstand market challenges to some extent. However, with lower scores in Value and Growth, investors may want to consider other options for long-term growth potential. Despite this, Qualcomm Inc‘s strong scores in Dividend and Momentum may still make it an attractive choice for certain investors seeking stability and market momentum.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma