How to Buy Qualcomm Stock
Qualcomm Inc
QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide.
Qualcomm stock last closed at $163.30, down 0.2% from the previous day, and has increased 43.18% in one year. It has overperformed other stocks in the Semiconductors industry by 0.07 percentage points. Qualcomm stock is currently +60.93% from its 52-week low of $101.47, and -8.05% from its 52-week high of $177.59.
At the moment, there are 1.12B shares of QCOM outstanding. The market cap of QCOM is $182.24B. In the last 24 hours, 6.2M QCOM shares were traded.
How to Buy Qualcomm Stock
Wondering how to invest in Qualcomm stock? Here's how.
- Choose where to buy Qualcomm stock: You need to choose a stock brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you determine where to buy Qualcomm stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Fund your brokerage account: Pick your method of payment and add your information.
- Evaluate Qualcomm stock: The Qualcomm ticker symbol is QCOM. Is Qualcomm stock a good investment? Should you buy shares of QCOM? How do QCOM's underlying business fundamentals look? Do top analysts think Qualcomm is a good buy? Why has QCOM's stock price moved recently? (Hint: Our stock analysis website can help you evaluate if QCOM is a good stock to buy).
- Place your QCOM purchase: Decide if you will purchase QCOM shares at the current market price or use a limit order to purchase QCOM stock at a given price.
- Keep an eye on your QCOM investment: Create a watchlist to key updates about your investment in Qualcomm stock.
Step 1: Choose where to buy Qualcomm stock
You need an online brokerage account in order to access the NASDAQ market and buy QCOM stock.
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Open eToro AccountStep 2: Create your brokerage account
Now that you've chosen the best brokerage, you need to fill out some personal details so you are able to buy QCOM today.
How to Open a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to open your new trading account.
- Submit your application by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you have opened your account on one of the best stock apps, you can securely and quickly fund your account:
Check out this video walkthrough if you need help depositing funds into your new investment account.
Step 4: Evaluate Qualcomm stock
After you have chosen the best place to buy Qualcomm stock, it's important to analyze their stock before you invest, so you actually wrap your head around the risk as well as the upside.
Qualcomm stock data
QCOM Overview
WallStreetZen was created to help part-time investors do better fundamental analysis in less time.
You can view all of the due diligence checks on QCOM's stock page.
Is QCOM stock undervalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge QCOM's true value.
Using relative valuations metrics:
- QCOM may be undervalued based on its P/E ratio of 23.46x, relative to Semiconductors industry P/E ratio of 58.6x
- QCOM could be overvalued based on its P/B ratio of 7.9x, relative to Semiconductors industry P/B ratio of 7.69x
- QCOM may be undervalued based on its PEG ratio of 0.42x
You can do additional valuation analysis on QCOM's stock here.
QCOM Financials at a glance
Pros:
- There are more short-term assets than long-term liabilities on the QCOM balance sheet.
- QCOM earnings of $8.62B is not sufficient to cover its interest payments.
- There are more short-term assets than short-term liabilities on the QCOM balance sheet.
- QCOM's operating cash flow of $11.15B allows it to safely service it's debt of $15.48B.
- Total QCOM debt is lower than 5 years ago, relative to shareholder equity.
Cons:
- QCOM has a relatively high debt to equity ratio of 1.26.
- QCOM profit margin has gone down from 27.4% to 21.4% in the past year.
Do analysts think it's a good time to buy QCOM stock
Out of 14 Wall Street analysts who give recommendations on QCOM, the consensus analyst rating on QCOM is a Strong Buy
It's important to note that analyst ratings are not stock recommendations, nor are they investment advice.
Most Recent QCOM Analyst Recommendations
Harsh Kumar, a top 1% analyst from Piper Sandler maintains QCOM with a strong buy rating and raises their QCOM price target from $140.00 to $165.00, on Feb 1, 2024.
Vijay Rakesh, a top 1% analyst from Mizuho maintains QCOM with a strong buy rating and raises their QCOM price target from $155.00 to $160.00, on Feb 1, 2024.
Mizuho's Vijay Rakesh raised their price target on Qualcomm (NASDAQ: QCOM) by 3.2% from $155 to $160 on 2024/02/01. The analyst maintained their Strong Buy rating on the stock.
Qualcomm reported "good" Q1 2024 results, Rakesh said following the company's quarterly print released on 2024/01/31.
While Mizuho "sees Android improving and says that while Apple could be potentially softer in 2H 2024, the renewed license contract through 2027/03 is a tailwind for Qualcomm."
Earnings Report
For Q1 2024, Qualcomm reported:
- EPS of $2.75, which beat the Zacks Consensus Estimate of $2.38 and, by 16%, Q1 2023’s $2.37.
- Revenue of $9.94B, which beat the Zacks Consensus Estimate by 4.52% and, by 5%, Q1 2023’s $9.46B.
- QCT (Qualcomm CDMA Technologies) segment revenue of $8.42B, up 7% Y/Y.
- QTL (Qualcomm Technology Licensing) segment revenue of $1.46B, down 4% Y/Y.
For Q2 2024, management guided:
- EPS of $2.20 - $2.40
- Revenue of $8.9B - $9.7B
- QCT segment revenue of $7.6B - $8.2B
- QTL segment revenue of $1.2B - $1.4B
President & CEO Cristiano Amon commented: “We are extremely pleased to report strong quarterly results, with revenues and EPS exceeding the high end of our guidance.
“Looking ahead, we are building on this momentum with our leading Snapdragon platforms and technology differentiation in connectivity, computing, and on-device generative AI, across Handsets, Automotive, PC, XR, and Industrial IoT.”
Samik Chatterjee, a top 7% analyst from JP Morgan maintains QCOM with a strong buy rating and lowers their QCOM price target from $173.00 to $170.00, on Feb 1, 2024.
Kevin Cassidy, a top 5% analyst from Rosenblatt maintains QCOM with a strong buy rating and raises their QCOM price target from $160.00 to $170.00, on Feb 1, 2024.
Christopher Danely, a top 7% analyst from Citigroup downgrades QCOM to a hold rating and announces their QCOM price target of $160.00, on Feb 1, 2024.
You can dive deeper into what analysts are projecting on the Qualcomm stock forecast page.
QCOM Technicals
How are QCOM Revenues/Earnings doing?
Last year, QCOM earnings were $7.76B. In the past 5 year, QCOM's earnings have gone up by 35.39% per year. This was faster than the Semiconductors industry average of 26.99%.
Last year, QCOM revenue was $36.29B. In the last five year, QCOM's revenue has increased by 11.12% per year. This was slower than the Semiconductors industry average of 23.24%.
Dive into QCOM's earnings and revenue performance here.
Who is buying/selling QCOM?
In the past year, executives and large shareholders at QCOM have sold more shares than they have bought.
Akash J. Palkhiwala, CFO COO of QCOM, was the latest QCOM insider to sell. They sold $251,595.68 worth of QCOM stock on Apr 4, 2024.
Dig into more about who owns QCOM stock here.
Can I get consistent income from QCOM stock?
Qualcomm pays a dividend of 1.96%, compared to the Semiconductors industry's average dividend yield of 9.05%. If you owned $1,000 of QCOM stock, you would have been paid $19.60 last year.
Qualcomm dividend payments have consistently grown over the past decade and have remained stable.
Dig into more data about Qualcomm dividend yield and history here.
What others are saying about QCOM
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Place your QCOM purchase
You have two main order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly the best for newer investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at an exact dollar amount limit, use a limit order.
Hit the Open button and eToro will execute your order.
If you want more assistance investing in stocks on eToro, click the how to video below:
Step 6: Keep an eye on your QCOM investment
Now that you own some QCOM stock, you'll want to stay up-to-date on your new shares.
Start a watchlist to track the latest developments regarding your QCOM stock.
QCOM Feed
How to Buy Stock in Qualcomm
To summarize, here are the 6 steps to buy stock in Qualcomm:
- Choose where to buy Qualcomm stock
- Create your brokerage account
- Fund your brokerage account
- Evaluate Qualcomm stock
- Place your QCOM purchase
- Keep an eye on your QCOM investment
If you require a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to get notifications regarding your investment in Qualcomm, create a watchlist on WallStreetZen today.
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