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published in Blogs
Aug 03, 2020

Qualcomm (QCOM, $109.57) gets rating upgrade from  Bernstein analysts

Shares of Qualcomm  jumped Monday, after analysts at Bernstein upgraded the chipmaker’s shares.

 Bernstein analysts raised their rating to outperform from market perform . They also hiked  the price target to $135 from $105 per share. 

Bernstein’s optimism on the company follows Qualcomm’s announcement last week that it had resolved a long-standing legal dispute with Chinese mobile device maker Huawei.

Also analyst Stacy Rasgon noted, "In the meantime, even in the middle of a pandemic the 5G content story is mostly supporting things, and hope remains for a cyclical recovery next year. We believe chipset margins are likely to exceed 20% into next year as AAPL ramps”.

QCOM's in Uptrend: Moving Average Convergence Divergence (MACD) Histogram just turned positive

This is a Bullish indicator signaling QCOM's price could rise. Traders may explore going long on the ticker or buying call options. In 29 of 42 cases where QCOM's MACD histogram became positive, the price rose further within the following month. The odds of a continued Uptrend are 69%.

Current price $109.60 is above $92.55 the highest resistance line found by A.I. Throughout the month of 06/30/20 - 07/31/20, the price experienced a +16% Uptrend. During the week of 07/24/20 - 07/31/20, the stock enjoyed a +19% Uptrend growth.

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator exceeded the 0 level on July 29, 2020. Traders may consider buying the ticker or exploring call options. In 50 of 76 cases where the ticker's Momentum Indicator exceeded 0, its price rose further within the subsequent month. The odds of a continued Uptrend are 66%.

The Aroon Indicator entered an Uptrend today. In 183 of 270 similar cases where QCOM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 68%.

Bearish Trend Analysis

The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

The Stochastic Indicator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

The higher Bollinger Band was broken -- a price fall is expected as the ticker heads toward the middle band, which invites the trader to consider selling or shorting the ticker, or exploring put options. In 20 of 47 cases where QCOM's price broke its higher Bollinger Band, its price dropped further during the following month. The odds of a continued Downtrend are 43%.

Fundamental Analysis (Ratings)

Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 62%. During the last month, the daily ratio of advancing to declining volumes was 1.58 to 1.

The Tickeron Price Growth Rating for this company is 5 (best 1 - 100 worst), indicating outstanding price growth. QCOM’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Seasonality Score of 6 (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron SMR rating for this company is 11 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is 15 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is 18 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 83, placing this stock better than average.

The Tickeron Valuation Rating of 81 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: QCOM's P/B Ratio (36.03) is very high in comparison to the industry average of (2.68). P/E Ratio (44.67) is within average values for comparable stocks, (355.69). Projected Growth (PEG Ratio) (0.25) is also within normal values, averaging (15.08). QCOM has a moderately high Dividend Yield (3.24) as compared to the industry average of (0.94). P/S Ratio (3.10) is also within normal values, averaging (5.68).

Related Ticker: QCOM

Momentum Indicator for QCOM turns positive, indicating new upward trend

QCOM saw its Momentum Indicator move above the 0 level on February 09, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 80 similar instances where the indicator turned positive. In of the 80 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for QCOM just turned positive on February 12, 2024. Looking at past instances where QCOM's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where QCOM advanced for three days, in of 325 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 263 cases where QCOM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for QCOM moved out of overbought territory on January 26, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 31 similar instances where the indicator moved out of overbought territory. In of the 31 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where QCOM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. QCOM’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 59, placing this stock better than average.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (7.639) is normal, around the industry mean (8.787). P/E Ratio (22.509) is within average values for comparable stocks, (116.327). Projected Growth (PEG Ratio) (1.685) is also within normal values, averaging (2.478). Dividend Yield (0.020) settles around the average of (0.021) among similar stocks. P/S Ratio (4.892) is also within normal values, averaging (11.401).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

Notable companies

The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Broadcom (NASDAQ:AVGO), Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM), Advanced Micro Devices (NASDAQ:AMD), Intel Corp (NASDAQ:INTC), QUALCOMM (NASDAQ:QCOM), Applied Materials (NASDAQ:AMAT), Texas Instruments (NASDAQ:TXN), Lam Research Corp (NASDAQ:LRCX), Micron Technology (NASDAQ:MU).

Industry description

The semiconductor industry manufacturers all chip-related products, including research and development. These chips are used in innumerable electronic devices, including computers, cell phones, smartphones, and GPSs. Intel Corporation, NVIDIA Corp., and Broadcomm are some of the prominent players in this industry. Semiconductor companies usually tend to do well during periods of healthy economic growth, thereby inducing further research and development in the industry – which in turn augurs well for productivity and growth in the economy. In the near future, demand for semiconductor products (and possibly innovation within the segment) should only expand further, with the proliferation of 5G, autonomous vehicles, IoT, and various AI-driven electronics set to herald a new, advanced chapter in the technology-driven world as we know it. With burgeoning prospects comes great competition. In 2015, SIA estimated that U.S. semiconductor industry ranks as the second most competitive U.S. industry out of 2882 U.S. industries designated manufacturers by the U.S. Census Bureau.

Market Cap

The average market capitalization across the Semiconductors Industry is 40.54B. The market cap for tickers in the group ranges from 13.43K to 1.98T. NVDA holds the highest valuation in this group at 1.98T. The lowest valued company is CYBL at 13.43K.

High and low price notable news

The average weekly price growth across all stocks in the Semiconductors Industry was 1%. For the same Industry, the average monthly price growth was 7%, and the average quarterly price growth was 11%. QNCCF experienced the highest price growth at 93%, while SQNS experienced the biggest fall at -74%.

Volume

The average weekly volume growth across all stocks in the Semiconductors Industry was -21%. For the same stocks of the Industry, the average monthly volume growth was -6% and the average quarterly volume growth was 59%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 58
P/E Growth Rating: 48
Price Growth Rating: 49
SMR Rating: 66
Profit Risk Rating: 59
Seasonality Score: 2 (-100 ... +100)
View a ticker or compare two or three
QCOMDaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a provider of wireless communication systems

Industry Semiconductors

Profile
Fundamentals
Details
Industry
Telecommunications Equipment
Address
5775 Morehouse Drive
Phone
+1 858 587-1121
Employees
50000
Web
https://www.qualcomm.com
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QCOM and

Correlation & Price change

A.I.dvisor indicates that over the last year, QCOM has been closely correlated with SWKS. These tickers have moved in lockstep 72% of the time. This A.I.-generated data suggests there is a high statistical probability that if QCOM jumps, then SWKS could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To QCOM
1D Price
Change %
QCOM100%
+1.24%
SWKS - QCOM
72%
Closely correlated
+3.04%
ADI - QCOM
63%
Loosely correlated
+2.13%
TXN - QCOM
62%
Loosely correlated
+2.59%
TER - QCOM
62%
Loosely correlated
+3.23%
KLIC - QCOM
61%
Loosely correlated
-1.10%
More
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