QUALCOMM Inc. (NASDAQ: QCOM) has reported E.P.S. of $2.62 for its fourth fiscal quarter (ending September 30) versus $1.46 for the same period a year ago — an increase of 79%. For the latest four quarters through September 30, E.P.S. were $9.06 versus $6.57 for the same period a year ago — an increase of 38%.
Recent Price Action
On 11/6/24, QUALCOMM Inc. (NASDAQ: QCOM) stock enjoyed a large increase of 4.3%, closing at $172.99. Moreover, exceptionally high trading volume at 216% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has declined -1.7% during the last week.
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 C (Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. QUALCOMM has a slightly positive Appreciation Score of 68 and a neutral Power Rating of 48, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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