QUALCOMM INCORPORATED Set to End Winning Streak After Seven Consecutive Gains
December 19, 2023
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Qualcomm Incorporated ($NASDAQ:QCOM) is a global leader in providing leading-edge digital communication solutions and technologies. The company designs, manufactures, and markets digital wireless telecommunications products and services. It also provides semiconductor products for the wireless communications industry. In recent weeks, Qualcomm has been on an impressive winning streak, with seven consecutive gains.
However, this streak is now poised to end, as the company’s stock is set to close lower today. Analysts attribute the downturn to an expected drop in revenue due to the continued impacts of the ongoing pandemic. Furthermore, concerns about the company’s outlook for the remainder of the year have caused investor confidence to wane. Despite the slowdown, Qualcomm remains committed to providing industry-leading products and services for their customers. The company is adapting to changing market conditions and remains confident in their long-term prospects. The company will continue to work hard and make strategic investments to maintain its position as a leader in the digital communication solutions and technologies industry.
Share Price
On Monday, QUALCOMM INCORPORATED stock opened at $142.5 and closed at $141.6, down by 1.0% from its previous closing price of 143.1. This marks the company’s first loss after seven consecutive gains, halting an impressive winning streak. The markets reacted to this news with investors selling off their shares, resulting in the drop in share value. This could indicate a trend reversal for QUALCOMM INCORPORATED, as investors await further news and indicators to assess the stock’s future performance. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Qualcomm Incorporated. More…
| Total Revenues | Net Income | Net Margin |
| 35.82k | 7.23k | 20.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Qualcomm Incorporated. More…
| Operations | Investing | Financing |
| 11.3k | 762 | -6.66k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Qualcomm Incorporated. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 51.04k | 29.46k | 19.37 |
Key Ratios Snapshot
Some of the financial key ratios for Qualcomm Incorporated are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.0% | 7.6% | 22.7% |
| FCF Margin | ROE | ROA |
| 27.5% | 24.1% | 10.0% |
Analysis
At GoodWhale, we’ve conducted an analysis of QUALCOMM INCORPORATED‘s fundamentals. Using the Star Chart, we’ve classified the company as a ‘rhino’ — a type of company that has achieved moderate revenue or earnings growth. For investors looking for stability and regular returns, QUALCOMM INCORPORATED is a strong candidate. It has high scores for dividend and profitability, and medium scores for asset and growth. Moreover, it has a health score of 9/10 with regard to its cashflows and debt, indicating its ability to ride out any crisis without the risk of bankruptcy. Given its steady performance in terms of dividends and profitability, QUALCOMM INCORPORATED is an attractive option for investors who wish to benefit from an ongoing medium growth rate and risk-free returns. More…
Peers
Qualcomm Inc is a leading American multinational semiconductor and telecommunications equipment company that designs and markets wireless telecommunications products and services. It has a wide range of competitors in the semiconductor and telecommunications industries, including Asix Electronics Corp Ltd, Skyworks Solutions Inc, Leaguer (Shenzhen) Microelectronics Corp.
– Asix Electronics Corp Ltd ($TPEX:3169)
Asix Electronics Corp Ltd is a leading technology company that designs and manufactures semiconductor integrated circuits. The company has a market cap of 5.77B as of 2022 and a Return on Equity of 21.21%. Asix Electronics is a leading innovator in the design and manufacture of semiconductor integrated circuits. The company’s products are used in a wide range of electronic devices, including computers, laptops, tablets, smartphones, and more. Asix Electronics is committed to providing the best possible products and services to its customers.
– Skyworks Solutions Inc ($NASDAQ:SWKS)
Skyworks Solutions Inc is a company that designs, manufactures and markets semiconductor products for use in radio frequency (RF) and mobile communications applications. The company has a market cap of 13.14B as of 2022 and a Return on Equity of 25.56%. Skyworks Solutions Inc’s products are used in a variety of applications including smartphones, tablets, laptops, data cards, WiFi, automotive, GPS, satellite radios, wearables and drones. The company’s products are also used in a variety of industrial, medical and military applications.
– Leaguer (Shenzhen) Microelectronics Corp ($SHSE:688589)
Shenzhen-based Leaguer (Shenzhen) Microelectronics Corp is a Chinese fabless semiconductor company. The company is engaged in the design, manufacture and sale of integrated circuits (ICs), including digital signal processing ICs, power management ICs, radio frequency ICs, mixed-signal ICs and other ICs. As of March 31, 2019, the company had a total of 1,754 employees.
Summary
Qualcomm Incorporated is a global leader in technology and semiconductor manufacturing. The company recently had a streak of seven consecutive sessions of gains, indicating strong investor sentiment. Analysts attribute this to the company’s strong balance sheet and innovative product portfolio.
Qualcomm’s research and development capabilities have enabled it to continuously innovate and expand its product offerings, leading to consistent growth in revenue and profits. Investors are bullish on Qualcomm’s prospects, as the company appears well-positioned to benefit from current and future trends.
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