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QUALCOMM Incorporated (QCOM)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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186.32+2.78 (+1.51%)
At close: 04:00PM EST
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  • A
    Ara
    Good Morning QCOM! Remember to think long term. We have so many areas of growth, one of which is Oculus which I saw my first advertisement for. Good for FB but also good for QCOM. I don’t know who is selling their shares for $177 but my shares will cost at least $300 a year from now, probably much more. Think long term and grow your wealth. This one is a winner.
  • n
    narendra
    Qcom was picked as one of the Final Trades on Fast Money today. 11/29/2021.
  • K
    Kingspellchecker
    I find it interesting that NVIDIA institutional ownership is only at 65% while QCOM is 74%. I rather own an undervalued stock with high institutional ownership than an over valued stock with low institutional ownership.
  • s
    stefanos
    Nice up day. For those that "forgotten" we also have somewhere 10 billion for stock buyback. NVDA doesn't have that.

    We are also about to go ex-dividend date with a nice .68 dividend per share coming into our accounts. NVDA gives out .04 per quarter...LOL. Hey I am just pointing out the obvious.

    The not so obvious is we are heavy into 5G, that translates heavy into IoT, AV, Auto, mobile, Metaverse (oh yea ANALysts will tell you this is all NVDA also), and soon to bring out competition to the M1 chip for laptops and tablets.

    And all this for a PE of about 20 while NVDAs is about 95. Oh jeez I just don't know what to do here. LOL
  • R
    Robert
    Bought more on Friday. This is the one stock I have with solid earnings, solid future guidance and too low PE.
  • A
    Ara
    There’s so much news one way or the the other. I think we need to believe the CEO when he says they’re selling loads of everything and will be selling even more in 2022. QCOM beat estimates in 15 of the last 16 quarters. The market might go up and down but I think it’s safe to assume QCOM, NVDA, Google and some others are going to earn more than ever.
  • A
    Ara
    I cannot find even one other stock with such great revenue and earnings growth with a PE under 25. I bought 300 more shares, long term hold.
    Bullish
  • s
    sunblock_98
    In my mind, this new covid variant, if serious can only be good for the business. It will continue the push towards virtual environments which play into strengths of QCOM, AMD, NVIDIA. And it can also make the Fed further push out tapering.
  • G
    Grayson
    Meta's Occulus is at the top of rhe list on Amazon. powered by QCOM
  • s
    stefanos
    Good start to the week. Have you guys noticed how many more spammers we have on this board ever since the earnings?
  • J
    John
    anyone know why the surge today?
  • s
    stefanos
    it is absolute travesty we are down this much pre-market. If you guys have been paying attention, the minute QCOM blew away earnings its the minute the negative articles started coming out with MSFT "ending" agreement with QCOM, Apple ready to produce their own modem, etc etc. Notice the difference between us and NVDA, nothing about Intel building a word class chip to take them on, nothing on the inevitable slowdown of cloud computing upgrades in data centers etc etc.
  • R
    Rich
    Grayson, you are misinterpreting my belief about Qualcomm. I expect the stock to be at $200 sometime in January, or at least seen that number prior to earnings. I do not think the summit meeting you’re referring to will impact the stock one way or another. For the very short term, next 3-4 weeks, the stock is going to cool down and develop a base. That will allow the RSI overbought condition, which technically is above 70 and currently 75 (reaching its peak of 87 last week) to come down a bit. Essentially, since it’s had a $42 run off earnings, it’s rationale to believe in my opinion for it to develop a base between $174-184 before it re-launches to a new 52 week high in 6-8 weeks from now. Providing we don’t have a big correction in January of the overall market, I believe Qualcomm will rally to $205-210 right before next earnings, just my opinion. So I am trading short term but know it’s got massive upside for the longer term. If you think I’m way off on this thinking, that’s ok too
  • J
    JoannesBros
    Qualcomm was smart to get in front of this with it's comments and financial projections on Investor Day ...
    ------------------------------------------------------------------------------------------------------------------------------------------

    Apple taps TSMC to build custom iPhone 5G modem in 2023

    https://asia.nikkei.com/Business/Tech/Semiconductors/Apple-taps-TSMC-to-build-custom-iPhone-5G-modem-in-2023
    U.S. company aims to cut reliance on Qualcomm for key components
    U.S. company aims to cut reliance on Qualcomm for key components
    asia.nikkei.com
  • T
    Tom
    How smart Amon and Akash did when they provided growth history without Apple. Every time we get Apple news, the week investors rush to sell, at least this time it is not hysteria.
  • G
    Greg
    Qualcomm and How the Market Is Pivoting From Processor Power to Modem Power
    Qualcomm’s investor day was last week and its CEO Cristiano Amon made a comment I disagree with, though the outcome to Qualcomm is the same or better. Amon said everything is going mobile, but I don’t think that is correct.

    I argue instead that everything is becoming cloud-connected. I also suggest that this cloud-connected capability favors Qualcomm even more than the mobile aspect of this trend because the cloud is a centralized resource. This shifts the importance of processors at the edge to modems at the edge.

    Most of the cameras and sensors rolling out en masse are not mobile. Still, they’re not wired, which means Qualcomm’s market-leading connectivity technology is becoming more critical than the processors in these devices which increasingly use cloud processing power.

    Let’s talk about this trend and what it means to you. Then we’ll close with my product of the week, the Lenovo ThinkVision M14t Portable Monitor.

    https://www.technewsworld.com/story/qualcomm-and-how-the-market-is-pivoting-from-processor-power-to-modem-power-87343.html
    Bullish
  • A
    Ara
    So QCOM will earn about 84 cents more this quarter ($3.00 instead of $2.17) and at least 58 cents more when they report in April. These are very conservative guesses since QCOM has BEAT estimates in 15 of 16 quarters. So QCOM will have at least $1.42 more in earnings and if the PE multiple stays at only 22 that’s an extra $30 that will be added to the share price. So my price target for April after earnings is about $210 to $230 since they’ll probably beat estimates. Keeping my January 2023 price target at $330.
  • K
    Kingspellchecker
    In the last 16 trading days (3 weeks), QCOM has closed down from the previous day only twice. I think we can all expect, appreciate and want some consolidation at this point. This move of 55 points over the last three weeks will need to digest and consolidate for a period. What that looks like nobody knows, for example we likely end up green today.. but I think we should all expect and be prepared for a bumpy ride to 240 where this likely will end up before the next ER.
  • E
    Erik
    The next couple of years it will be profitable and fun to own QCOM.

    FY22:

    Q1&Q2

    This quarter FY22Q1, has been forecasted at sales 10.4B and EPS 3.00. As stated on the report conference call, it will be driven by phones, as RFFE for this quarter were to a significant extent shipped earlier, and the high delivery pace of phones for their launches will push out some of the potential IoT deliveries, thus non-handset was forecasted as flat Q/Q. Of course, then handset will be huge, actual total sales will be around 11B and EPS around 3.40.

    At the Q1 report, QCOM will of course guide higher for Q2, handsets will be seasonally a bit down, but not much, due to high and mid-tier Android launches, and non-handset will show growth. New improved guidance, sales 10,2B, EPS 2,80, this quarter has higher seasonal compensation related costs. However, the FYQ2 (March quarter) result will again impress at 10,7B sales and EPS 3,10.

    Total FY22:
    The year for QCOM will be characterized by strong handset growth driven by increasing global 5G sales and Huawei replacement, the high end totally dominated by QCOM, and competitive mid-tier 5G products. Also an extreme growth in some IoT segments, especially XR, fixed wireless, and wifi modems. Auto will grow strongly and integration of Veoneer will mean more than double quarterly sales figure towards the end of the year. A higher awareness of QCOMs extreme growth and its role in the Metaverse and ADAS will drive P/E up to around 25. Share price should exceed 300 a year from now.

    Sales for FY22, BUSD:
    Handset 22
    RFFE 5.5
    IoT 7.5
    Auto 1.9
    RTL 7
    Total 43,9

    EPS for FY22 will be $12,5

    FY23 is when the real fun starts! QCOM will of course guide assuming the 80% loss of AAPL, which they know is actually not happening, and then watch AAPL embarrassing themselves by keeping buying the QCOM modems. It is a pretty safe assumption that AAPL will not succeed where Samsung, Broadcom, Intel and others have failed, and if they do, it would not be before 2026.

    FY23 will be another great year, less growth in handset, but great growth in Auto and IoT. Upside from new products in PC and Data Center.

    Sales will exceed 50B and EPS $16.
    Two years from now, PPS should be 400-500.
    Bullish
  • g
    gonjonjokos
    Qualcomm buys Clay AIR; terms undisclosed

    Clay AIR was founded in 2015 and provides a high-performing, hardware-agnostic solution for hand tracking and gesture recognition in real-time.
    The commercial terms were not disclosed.
    “Qualcomm and Clay AIR are both driven by a common vision of powering a seamless and high-performance metaverse experience for users and developers, and the acquisition of Clay AIR strengthens Qualcomm Technologies’ complete XR technology stack, for which hand tracking and gesture recognition technology is essential,” adds Thomas Amilien, CEO and Founder of Clay AIR.
    Bullish
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