QUALCOMM Inc. (NASDAQ: QCOM) has reported E.P.S. of $1.89 for its third fiscal quarter (ending June 30) versus $1.56 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $7.91 compared to $7.71 a year ago.
Recent Price Action
QUALCOMM Inc. (NASDAQ: QCOM) stock closed at $180.95 on 7/31/24 after a very large increase of 8.4%. Moreover, this advance was accompanied by unusually high trading volume at 176% of normal. The stock has declined -6.4% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
QCOM is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
QUALCOMM has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. QUALCOMM has a slightly positive Appreciation Score of 64 and a very high Power Rating of 94, resulting in the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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