QUALCOMM Incorporated s in-depth stock price analysis indicates that the stock price has dropped -19.77% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -14.25% . Looking at the past 52 week period, the stock price is up at 21.19% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of QUALCOMM Incorporated has a positive value of 27.49 compared to overall market. Stocks of QUALCOMM Incorporated (NASDAQ:QCOM) rallied by 1.93% during the past week but lost 19.26% on a 4-week basis. The company has outperformed the S&P 500 by 1.1% in the past week but underperformed the index by 20.7% in the last 4 weeks.
QUALCOMM Incorporated (NASDAQ:QCOM) : On Friday heightened volatility was witnessed in QUALCOMM Incorporated (NASDAQ:QCOM) which led to swings in the share price. The stock opened for trading at $53.1 and hit $54.2825 on the upside , eventually ending the session at $54, with a gain of 2.12% or 1.12 points. The heightened volatility saw the trading volume jump to 14,042,202 shares. The 52-week high of the share price is $71.62 and the company has a market cap of $79,760 million. The 52-week low of the share price is at $42.24 .
QUALCOMM Last issued its quarterly earnings results on Jan 25, 2017. The company reported $1.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $1.18. The company had revenue of $5999.00 million for the quarter, compared to analysts expectations of $6116.03 million. The companys revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.QUALCOMM was Reiterated by Stifel on Jan 26, 2017 to Buy, Lowers Price Target to $ 65 from a previous price target of $80 .QUALCOMM was Downgraded by Charter Equity to Mkt Perform on Jan 24, 2017. QUALCOMM was Downgraded by Instinet to Neutral on Jan 23, 2017. QUALCOMM was Downgraded by CLSA to Underperform on Jan 23, 2017. QUALCOMM was Upgraded by Rosenblatt to Buy on Jan 12, 2017.
Company has reported several Insider transactions to the SEC, on Feb 6, 2017, Cristiano R Amon (EVP and President, QCT) purchased 18,815 shares at 53.13 per share price.On Jan 31, 2017, Anthony J Vinciquerra (director) purchased 1,000 shares at 53.99 per share price.On Jan 10, 2017, Derek K Aberle (President) sold 11,621 shares at 65.68 per share price.
QUALCOMM Inc. develops and delivers innovative digital wireless communications products and services based on the companys CDMA digital technology. The companys business areas include CDMA integrated circuits and system software; technology licensing; the Binary Runtime Environment for Wireless applications development platform; Eudora e-mail software; digital cinema systems; and satellite-based systems including portions of the Globalstar system and wireless fleet management systems, OmniTRACS and OmniExpress. (Company Press Release)