Dernières nouvelles pour Qualcomm (NASDAQ:QCOM) Stock

Qualcomm

Qualcomm develops and licenses wireless technology and designs chips for smartphones. The company's key patents revolve around CDMA and OFDMA technologies, which are standards in wireless communications that are the backbone of all 3G, 4G, and 5G networks. Qualcomm's IP is licensed by virtually all wireless device makers. The firm is also the world's largest wireless chip vendor, supplying nearly every premier handset maker with leading-edge processors. Qualcomm also sells RF-front end modules into smartphones, as well as chips into automotive and Internet of Things markets.

Qualcomm Inc

QUALCOMM ORD

Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) shares are trading lower Tuesday following a <a href="https://www.benzinga.com/analyst-stock-ratings">downgrade from KeyBanc</a>. 
What To Know: KeyBanc analyst John Vinh downgraded Qualcomm from <a href="https://www.benzinga.com/analyst-stock-ratings">Overweight to Sector Weight </a>on Tuesday, citing headwinds primarily from Apple Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) gradual shift to its own internal modem. 
&#8220;Our supply chain work has confirmed that Apple will begin to ramp its internal modem in stages over the next several years,&#8221; Vinh said in the note.
The KeyBanc analyst expects this transition to increasingly affect <a href="https://www.benzinga.com/calendars/earnings">Qualcomm's earnings</a> over the coming years, with an estimated earnings impact of $1.55 to $1.65 per share as Apple moves away from using Qualcomm's modems. Vinh noted that this shift could create an overhang for Qualcomm's stock until the full financial impact is reflected in its earnings.
Vinh also highlighted that Qualcomm is likely to face intensified competition from Mediatek in the mid-to-low-end smartphone market. He pointed out that increasing price competition in the segment could lead to a loss of market share, further compounding the challenges posed by Apple's modem transition. 
The analyst expects these competitive pressures to serve as a significant headwind for Qualcomm in the first half of 2025. KeyBanc has lowered its estimates accordingly. 
Furthermore, Vinh noted that Qualcomm's positioning as an edge <a href="http://benzinga.com/topic/ai">AI</a> player has not materialized in key markets like handsets and PCs. 
&#8220;We don't foresee QCOM benefitting from a replacement cycle fundamentally or being given a market premium as an edge AI beneficiary until that happens,&#8221; Vinh said.
KeyBanc has a fair value price of $167 on Qualcomm shares, based on a 15-times multiple on full-year 2025 earnings estimates of $10.89 per share. 
QCOM Price Action: Qualcomm shares were down 0.84% at $165.57 at the time of writing Tuesday, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://benzinga.slack.com/archives/D072651PB4K/p1727794380964569"><img loading="lazy" decoding="async" width="1024" height="536" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08101940/QCOM-1024x536.png" alt="" class="wp-image-585778" style="width:520px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08101940/QCOM-1024x536.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08101940/QCOM-300x157.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08101940/QCOM-768x402.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08101940/QCOM.png 1063w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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Analyst Color

News

Downgrades

Movers

AAPL

QCOM

Qualcomm Shares Are Trading Lower Tuesday: What's Going On?

Cantor Fitzgerald analyst C J Muse maintains Qualcomm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) with a Neutral and lowers the price target from $215 to $160.

Price Target

Analyst Ratings

Cantor Fitzgerald Maintains Neutral on Qualcomm, Lowers Price Target to $160

KeyBanc analyst Brandon Nispel said his September Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) iPhone carrier survey was slightly weaker, and Key First Look Data results were better.
The analyst&#8217;s carrier survey indicates that iPhone 16 sales in September were slightly below store expectations and normal seasonal trends.
Demand for the iPhone 16 Pro and Max remained relatively healthy, owing to camera upgrades, but the base models were still weaker.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/10/41208411/apple-iphone-16-demand-gains-momentum-as-delivery-times-steady-analyst" rel="noreferrer noopener">Apple iPhone 16 Demand Gains Momentum As Delivery Times Steady: Analyst</a>
Store inventories are down to one day inventory outstanding&nbsp;(DOI), above prior year levels at launch. Apple AI was still a non-factor in driving near-term demand.
Key First Look Data reflects an increase in iPhone demand, with Apple Store iPhone spending growth of 15% year-on-year during the first ten days of launch and 7% growth Y/Y during the launch weekend.
Nispel&#8217;s Key First Look Data shows indexed spending growth of 22% M/M in September, above the three-year average of 2%.
The Y/Y indexed spending accelerated to 7% from a 10% decline in August. In addition, when comparing the first ten days of new iPhone availability versus the comparable prior year, results were 12% Y/Y, though tailed off quickly.
The analyst noted that the results benefitted from an additional two days of iPhone availability compared to the prior year. In addition, he noted a benefit to iPhone 15 sales before the launch of iPhone 16 and initial demand that was modestly better Y/Y.
Nispel noted that his combined September carrier survey and Key First Look results were neutral for the Apple supply chain, which included Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Cirrus Logic, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRUS#NASDAQ">CRUS</a>), Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), Qorvo, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>) and Skyworks Solutions, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>).
Nispel maintained his Overweight rating and a price target of $210 on Broadcom based on 36 times his fiscal 2025 consolidated EPS of $5.90. Broadcom is trading at a forward consensus P/E of 29 times, compared to a three-year historical average of 18.
The analyst reiterated his Overweight rating on Cirrus Logic with a price target of $165, based on 19 times his fiscal 2026 EPS estimate of $8.65. Cirrus Logic is trading at a consensus P/E of 16 times compared to its three-year historical forward consensus P/E of 14.
He maintained his estimates and Sector Weight rating on Qualcomm, which has a fair value of $167, based on 15 times his fiscal 2025 EPS of $10.89. Qualcomm is trading at a forward consensus P/E of 15 times, compared to a three-year historical average of 13.
Nispel reiterated his Sector Weight rating on Qorvo, which has a fair value of $100, based on 14 times his fiscal 2026 EPS estimate of $6.95. Qorvo is trading at 13 times consensus forward P/E, compared to a three-year historical average of 13.
The analyst remained Sector Weight on Skyworks Solutions with a fair value of $95, based on 15 times his 2025 EPS estimate of $6.25. Skyworks Solutions is trading at a forward P/E of 15 times, compared to a three-year historical average of 11.
Nispel&#8217;s $216 fair value on Apple is based on 21.8 times his 2025 adjusted EBITDA versus big tech comps of ~18.5 times. Apple currently trades at ~22.7 times his 2025 adjusted EBITDA.
Price Action: Apple stock is up 1.43% at $224.85 at last check Tuesday.
Photo via Apple

Reiteration

Tech

Trading Ideas

AVGO

CRUS

QRVO

SWKS

Apple iPhone 16 Pro Boosts Sales, But Base Models Lag, Analyst Says

KeyBanc analyst John Vinh shared mixed quarterly supply chain findings for the semiconductor sector. The analyst revised several company estimates and price targets.
Though most end markets were weak in analog, he noted indications of auto getting closer to a bottom. Traditional server and AI strength is sustained, with Blackwell on track to launch in the fourth quarter without further delays, as per Vinh.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/10/41211823/whats-going-on-with-super-micro-computer-stock-on-monday" rel="noreferrer noopener">What&#8217;s Going On With Super Micro Computer Stock On Monday?</a>
The analyst&#8217;s feedback on the iPhone 16 launch appears to be better than feared but could be better. Therefore, Vinh downgraded Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) and Synaptics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYNA#NASDAQ">SYNA</a>) to Sector Weight.
Given increased price competition, he expects Qualcomm to lose market share to Mediatek in the mid-to-low-end segment of the smartphone market. This headwind will compound the impacts of Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) ramping up its internal modem.
The Synaptics downgrade reflects its underperformance versus its IoT peers, given limited growth catalysts within its Enterprise &amp; Automotive segment, representing almost 60% of overall revenues and the company&#8217;s highest margins. Vinh flagged increased competition in the Chinese market from local chipmaker HiSilicon as another headwind.
Additionally, the analyst&#8217;s findings were most favorable for Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), mixed for Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), and negative for Monolithic Power Systems, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPWR#NASDAQ">MPWR</a>), Micron Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), Marvell Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), and Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>). He also fine-tuned his estimates on Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>).
Vinh noted that Nvidia&#8217;s Blackwell will likely ramp into mass production beginning in December, contributing over $7 billion in revenues in the fourth quarter. He said Hopper demand remains strong, with fourth-quarter revenues increasing ~15% sequentially.
AMD&#8217;s positive catalysts included traditional server demand, the inflection in Genoa instances in the cloud, demand for MI300X remains on track to ship 500K GPUs in 2024, and a possible update on its next-generation GPU and CPU at its AI event on Thursday.
For Broadcom, Vinh flagged sustained networking demand from improving traditional server demand, share gains from its 800Gb optical DSP launch, and higher revision of CoWoS demand. Broadcom&#8217;s upsides could be offset by Apple preparing its Wi-Fi 7 radio for the iPhone 17 in 2025.
For Micron, Vinh flagged oversupply as Micron prompts Samsung to convert its unused HBM capacity back to traditional DRAM to survive the competition.
Monolithic Power Systems remains vulnerable, given RMAs (Return Merchandise Authorization) for Nvidia H100 AI servers related to field failures associated with Monolithic Power Systems&#8217; power modules increasing again, affecting its market share on Blackwell.
Vinh highlighted his adverse findings from Asia for Marvell Technology. According to the analyst, Marvell is vulnerable to market share loss from the next-generation AWS Trainium 3 loss to Alchip, Google&#8217;s second-generation Axion ARM CPU, and Nvidia&#8217;s development of its 1.6T optical DSP.
Vinh mentioned his negative findings from Asia for Intel. The analyst highlighted Intel&#8217;s server market share loss to AMD and the ramp of Blackwell posing a headwind for Intel. He also flagged the lack of a cost-down AI CPU targeted at mass market AI PCs is likely to result in a share loss for Intel and disappointing feedback on Intel&#8217;s AI chip Gaudi 3.
Photo via Shutterstock
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Nvidia, AMD Lead The Pack, Broadcom Stable, Intel Falters: Analyst's Latest Take

In the tech world, Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) is stumbling its way through a corporate reboot, while Oracle Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) is racing ahead, planting a $6.5 billion artificial intelligence and <a href="https://www.benzinga.com/topic/artificial-intelligence">cloud flag in Malaysia</a>. 
Let's break down the current state of affairs for these two giants.
<h2 class="wp-block-heading">Intel: A Tough Love Takeover?</h2>
Intel&#8217;s stock has taken a beating, down over 53% year-to-date, with market cap dropping below $100 billion for the first time in over a decade. 
The buzz? Private equity heavyweight Apollo Global Management Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) is eyeing a takeover. Industry whispers had earlier linked Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) to a potential bid, but analysts are now backing Apollo as a better fit.
Read Also: <a href="https://www.benzinga.com/trading-ideas/technicals/24/09/41023160/intel-vs-amd-which-chipmaker-has-the-edge-in-race-against-nvidias-supremacy">Intel Vs. AMD: Which Chipmaker Has The Edge In Race Against Nvidia&#8217;s Supremacy?</a>
As Cody Acree from Benchmark puts it, &#8220;Intel's issues run deep, but Apollo could turn things around.&#8221; 
Acree compared the situation to when Mubadala invested over $600 million in Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) and helped turn the company around. 
But for Intel's CEO Pat Gelsinger, the plan is a homegrown comeback through their 18A chipmaking process—though how long the markets will wait for that remains uncertain.
With AI at the core of Intel's missteps — remember, it missed the boat on graphics chips, leaving Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) to rule the roost — the company's attempt to claw its way back into relevance is looking like a long shot.
<h2 class="wp-block-heading">Oracle: Full Steam Ahead On AI &amp; Cloud</h2>
Oracle's stock has soared 63% this year, thanks in no small part to its aggressive push into cloud computing and AI. Its latest move? A $6.5 billion investment in Malaysia to create a cutting-edge AI supercluster powered by Nvidia&#8217;s Blackwell GPUs.
Oracle's bet is simple: dominate the AI and cloud infrastructure game. By setting up shop in Southeast Asia, they're aiming to position themselves as the go-to provider for companies looking to scale AI. And with key partnerships like Nvidia in the mix, Oracle's strategy looks rock-solid.
Read Also: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41168394/oracle-vs-salesforce-cloud-wars-heat-up-stocks-take-off">Oracle Vs. Salesforce: Cloud Wars Heat Up, Stocks Take Off</a>
<h2 class="wp-block-heading">Intel Faces Downside Blues, Analysts Cheer Oracle</h2>
Intel analysts aren't too optimistic. The company&#8217;s consensus rating is Neutral and it has an average price target of $32.19. With recent estimates suggesting a downside of -4.21%, Intel's stock is being eyed cautiously. Its 200-day simple moving average (SMA) of $34.18 screams a bearish sentiment, showing just how much ground Intel has lost.
Oracle analysts are more optimistic than Intel&#8217;s. With a Buy consensus and a price target of $177.33, the stock has an implied upside of 4.12%. 
Technicals favor Oracle strongly, with its share price of $169.97 sitting comfortably above all major SMAs, including a 200-day SMA of $128.29—making it a worthy pick technically.
<h2 class="wp-block-heading">Intel's Technical Tumble Vs. Oracle's Bullish Brilliance</h2>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="625" height="456" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08091713/Screenshot-2024-10-08-at-5.46.58-PM-1.png" alt="" class="wp-image-585587" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08091713/Screenshot-2024-10-08-at-5.46.58-PM-1.png 625w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08091713/Screenshot-2024-10-08-at-5.46.58-PM-1-300x219.png 300w" sizes="(max-width: 625px) 100vw, 625px" /></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100824&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
Intel's technicals are mixed. While its price of $22.38 edges past its 50-day SMA ($21.48), hinting at a short-term bullish opportunity, its 200-day SMA of $34.06 paints a longer-term picture of distress.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="625" height="456" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08091754/Screenshot-2024-10-08-at-5.47.11-PM-1.png" alt="" class="wp-image-585590" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08091754/Screenshot-2024-10-08-at-5.47.11-PM-1.png 625w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08091754/Screenshot-2024-10-08-at-5.47.11-PM-1-300x219.png 300w" sizes="(max-width: 625px) 100vw, 625px" /></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100824&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
In contrast, Oracle's current price of $169.97 is far ahead of its key moving averages, reflecting a bullish trend across the board. Analysts are confident that this momentum can continue, despite some selling pressure due to the recent rally.
<h2 class="wp-block-heading">The Verdict</h2>
Intel is the classic comeback story in the making, with Apollo potentially playing the role of savior. 
But Oracle? It's all about forward momentum. While Intel tries to patch up its past, Oracle is already setting the stage for a future that's all AI and cloud. 
The bottom line: in this battle, Oracle's got the upper hand—at least for now.
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</ul>

Technicals

ORCL

Intel Vs. Oracle: Can Apollo's Rescue Plan Beat Oracle's AI Cloud Domination?

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59e506f2efacff00010f9abb/saul-martinez">HSBC analyst Saul Martinez</a> downgraded the rating for American Express Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) from Buy to Hold. American Express shares fell 0.8% to close at $273.79 on Monday. <a href="https://www.benzinga.com/quote/AXP/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Keybanc analyst John Vinh downgraded the rating for QUALCOMM Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) from Overweight to Sector Weight. Qualcomm shares fell 1.2% to close at $166.94 on Monday. <a href="https://www.benzinga.com/quote/QCOM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/580f253b846faa000139ba71/robert-moskow">TD Cowen analyst Robert Moskow </a>downgraded Constellation Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) from Buy to Hold and slashed the price target from $300 to $270. Constellation shares fell 1.5% to close at $243.07 on Monday. <a href="https://www.benzinga.com/quote/STZ/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wolfe Research analyst Nigel Coe downgraded Otis Worldwide Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OTIS#NYSE">OTIS</a>) from Outperform to Peer Perform. Otis Worldwide shares fell 0.5% to close at $104.02 on Monday. <a href="https://www.benzinga.com/quote/OTIS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Keybanc analyst John Vinh downgraded the rating for Synaptics Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYNA#NASDAQ">SYNA</a>) from Overweight to Sector Weight. Synaptics shares fell 0.4% to close at $76.06 on Monday. <a href="https://www.benzinga.com/quote/SYNA/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying QCOM stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="507" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08084317/image-50-1024x507.png" alt="" class="wp-image-585499" style="width:646px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08084317/image-50-1024x507.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08084317/image-50-300x149.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08084317/image-50-768x381.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08084317/image-50.png 1352w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Pre-Market Outlook

Markets

OTIS

This Qualcomm Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Tuesday

Analysts' ratings for Qualcomm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) over the last quarter vary from bullish to bearish, as provided by 12 analysts.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $211.25, along with a high estimate of $250.00 and a low estimate of $170.00. Surpassing the previous average price target of $192.27, the current average has increased by 9.87%.
<img src="https://www.benzinga.com/files/images/story/2024/1728388814_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Qualcomm. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Samik Chatterjee</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$210.00</td>
<td>$230.00</td>
</tr>
<tr>
<td>Ross Seymore</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Hold</td>
<td>$170.00</td>
<td>$155.00</td>
</tr>
<tr>
<td>C J Muse</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$215.00</td>
<td>$215.00</td>
</tr>
<tr>
<td>Tom O'Malley</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$200.00</td>
<td>$185.00</td>
</tr>
<tr>
<td>Harsh Kumar</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$205.00</td>
<td>$185.00</td>
</tr>
<tr>
<td>Aaron Rakers</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Underweight</td>
<td>$170.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Kevin Cassidy</td>
<td>Rosenblatt</td>
<td>Raises</td>
<td>Buy</td>
<td>$250.00</td>
<td>$240.00</td>
</tr>
<tr>
<td>Tristan Gerra</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$250.00</td>
<td>$200.00</td>
</tr>
<tr>
<td>Christopher Rolland</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Positive</td>
<td>$250.00</td>
<td>$205.00</td>
</tr>
<tr>
<td>Frank Lee</td>
<td>HSBC</td>
<td>Announces</td>
<td>Hold</td>
<td>$200.00</td>
<td>-</td>
</tr>
<tr>
<td>C J Muse</td>
<td>Cantor Fitzgerald</td>
<td>Raises</td>
<td>Neutral</td>
<td>$215.00</td>
<td>$190.00</td>
</tr>
<tr>
<td>Christopher Danely</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$200.00</td>
<td>$170.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Qualcomm. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Qualcomm compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Capture valuable insights into Qualcomm's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/QCOM/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Qualcomm analyst ratings.</a>
<h2>Delving into Qualcomm's Background</h2>
Qualcomm develops and licenses wireless technology and designs chips for smartphones. The company's key patents revolve around CDMA and OFDMA technologies, which are standards in wireless communications that are the backbone of all 3G, 4G, and 5G networks. Qualcomm's IP is licensed by virtually all wireless device makers. The firm is also the world's largest wireless chip vendor, supplying nearly every premier handset maker with leading-edge processors. Qualcomm also sells RF-front end modules into smartphones, as well as chips into automotive and Internet of Things markets.
<h3>Qualcomm's Economic Impact: An Analysis</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Qualcomm displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 11.15%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Qualcomm's net margin is impressive, surpassing industry averages. With a net margin of 22.67%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 8.67%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Qualcomm's ROA stands out, surpassing industry averages. With an impressive ROA of 4.02%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Qualcomm's debt-to-equity ratio stands notably higher than the industry average, reaching 0.59. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>How Are Analyst Ratings Determined?</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Scoreboard: 12 Ratings For Qualcomm

General

Qualcomm shares are trading lower after KeyBanc downgraded the stock from Overweight to Sector Weight.

Keybanc analyst John Vinh downgrades Qualcomm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) from Overweight to Sector Weight.

Keybanc Downgrades Qualcomm to Sector Weight

Financial giants have made a conspicuous bearish move on Qualcomm. Our analysis of options history for Qualcomm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) revealed 27 unusual trades.
Delving into the details, we found 37% of traders were bullish, while 55% showed bearish tendencies. Out of all the trades we spotted, 13 were puts, with a value of $514,098, and 14 were calls, valued at $661,332.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $150.0 to $200.0 for Qualcomm over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
In today's trading context, the average open interest for options of Qualcomm stands at 1585.5, with a total volume reaching 4,130.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Qualcomm, situated within the strike price corridor from $150.0 to $200.0, throughout the last 30 days.
<h3>Qualcomm 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728333928_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>QCOM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$9.9</td>
<td>$9.75</td>
<td>$9.75</td>
<td>$170.00</td>
<td>$121.8K</td>
<td>2.0K</td>
<td style="text-align: right;">253</td>
</tr>
<tr>
<td>QCOM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$8.9</td>
<td>$8.75</td>
<td>$8.75</td>
<td>$165.00</td>
<td>$92.7K</td>
<td>1.5K</td>
<td style="text-align: right;">144</td>
</tr>
<tr>
<td>QCOM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$9.25</td>
<td>$9.2</td>
<td>$9.25</td>
<td>$170.00</td>
<td>$64.7K</td>
<td>2.0K</td>
<td style="text-align: right;">344</td>
</tr>
<tr>
<td>QCOM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$24.15</td>
<td>$24.1</td>
<td>$24.1</td>
<td>$185.00</td>
<td>$60.2K</td>
<td>2.0K</td>
<td style="text-align: right;">25</td>
</tr>
<tr>
<td>QCOM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$5.9</td>
<td>$5.75</td>
<td>$5.79</td>
<td>$180.00</td>
<td>$57.9K</td>
<td>1.9K</td>
<td style="text-align: right;">363</td>
</tr>
</tbody>
</table>

<h3>About Qualcomm</h3>
Qualcomm develops and licenses wireless technology and designs chips for smartphones. The company's key patents revolve around CDMA and OFDMA technologies, which are standards in wireless communications that are the backbone of all 3G, 4G, and 5G networks. Qualcomm's IP is licensed by virtually all wireless device makers. The firm is also the world's largest wireless chip vendor, supplying nearly every premier handset maker with leading-edge processors. Qualcomm also sells RF-front end modules into smartphones, as well as chips into automotive and Internet of Things markets.
In light of the recent options history for Qualcomm, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Where Is Qualcomm Standing Right Now?</h3>
<ul>
<li>With a volume of 4,346,871, the price of QCOM is down -1.12% at $167.0. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 23 days.</li>
</ul>
<h3>Professional Analyst Ratings for Qualcomm</h3>
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $210.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Qualcomm, targeting a price of $210. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Qualcomm, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Qualcomm Unusual Options Activity

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$124.00</td>
<td>$28.7K</td>
<td>53.1K</td>
<td>176.6K</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$167.50</td>
<td>$62.7K</td>
<td>870</td>
<td>14.9K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$227.50</td>
<td>$65.5K</td>
<td>7.4K</td>
<td>14.9K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/11/24</td>
<td>$180.00</td>
<td>$45.5K</td>
<td>1.7K</td>
<td>8.4K</td>
</tr>
<tr>
<td>CRM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$285.00</td>
<td>$60.4K</td>
<td>392</td>
<td>3.4K</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$175.00</td>
<td>$492.8K</td>
<td>7.1K</td>
<td>2.7K</td>
</tr>
<tr>
<td>MSFT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$400.00</td>
<td>$95.1K</td>
<td>7.8K</td>
<td>1.6K</td>
</tr>
<tr>
<td>DOCN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$42.50</td>
<td>$26.0K</td>
<td>6.0K</td>
<td>1.3K</td>
</tr>
<tr>
<td>QCOM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$155.00</td>
<td>$36.7K</td>
<td>810</td>
<td>867</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$10.00</td>
<td>$29.4K</td>
<td>22.1K</td>
<td>122</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option sweep that happens to be bearish, is expiring today. Parties traded 728 contract(s) at a $124.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $28.7K, with a price of $39.0 per contract. There were 53143 open contracts at this strike prior to today, and today 176644 contract(s) were bought and sold. 
• Regarding AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we observe a put option sweep with bullish sentiment. It expires in 7 day(s) on October 11, 2024. Parties traded 172 contract(s) at a $167.50 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $62.7K, with a price of $365.0 per contract. There were 870 open contracts at this strike prior to today, and today 14927 contract(s) were bought and sold. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a call option sweep with bullish sentiment. It expires in 7 day(s) on October 11, 2024. Parties traded 397 contract(s) at a $227.50 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $65.5K, with a price of $165.0 per contract. There were 7402 open contracts at this strike prior to today, and today 14915 contract(s) were bought and sold. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a call option sweep that happens to be bearish, expiring in 7 day(s) on October 11, 2024. This event was a transfer of 100 contract(s) at a $180.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $45.5K, with a price of $455.0 per contract. There were 1702 open contracts at this strike prior to today, and today 8454 contract(s) were bought and sold. 
• Regarding CRM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>), we observe a call option sweep with bullish sentiment. It expires in 14 day(s) on October 18, 2024. Parties traded 87 contract(s) at a $285.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $60.4K, with a price of $695.0 per contract. There were 392 open contracts at this strike prior to today, and today 3401 contract(s) were bought and sold. 
• Regarding AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we observe a call option trade with bullish sentiment. It expires in 14 day(s) on October 18, 2024. Parties traded 896 contract(s) at a $175.00 strike. The total cost received by the writing party (or parties) was $492.8K, with a price of $550.0 per contract. There were 7169 open contracts at this strike prior to today, and today 2739 contract(s) were bought and sold. 
• Regarding MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we observe a put option sweep with bearish sentiment. It expires in 42 day(s) on November 15, 2024. Parties traded 122 contract(s) at a $400.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $95.1K, with a price of $780.0 per contract. There were 7837 open contracts at this strike prior to today, and today 1670 contract(s) were bought and sold. 
• For DOCN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOCN#NYSE">DOCN</a>), we notice a call option trade that happens to be bullish, expiring in 14 day(s) on October 18, 2024. This event was a transfer of 200 contract(s) at a $42.50 strike. The total cost received by the writing party (or parties) was $26.0K, with a price of $130.0 per contract. There were 6057 open contracts at this strike prior to today, and today 1394 contract(s) were bought and sold. 
• For QCOM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), we notice a put option trade that happens to be bearish, expiring in 140 day(s) on February 21, 2025. This event was a transfer of 35 contract(s) at a $155.00 strike. The total cost received by the writing party (or parties) was $36.7K, with a price of $1050.0 per contract. There were 810 open contracts at this strike prior to today, and today 867 contract(s) were bought and sold. 
• Regarding MARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we observe a call option trade with bearish sentiment. It expires in 105 day(s) on January 17, 2025. Parties traded 40 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $29.4K, with a price of $735.0 per contract. There were 22162 open contracts at this strike prior to today, and today 122 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

DOCN

MARA

MSFT

MSTR

10 Information Technology Stocks Whale Activity In Today's Session

Qualcomm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) has outperformed the market over the past 5 years by 3.78% on an annualized basis producing an average annual return of 18.29%. Currently, Qualcomm has a market capitalization of $187.91 billion. 
Buying $100 In QCOM: If an investor had bought $100 of QCOM stock 5 years ago, it would be worth $220.99 today based on a price of $168.68 for QCOM at the time of writing.
<h3>Qualcomm's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727890357_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 5 Years Ago Would Be Worth $200 Today

Deep-pocketed investors have adopted a bullish approach towards Qualcomm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in QCOM usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 15 extraordinary options activities for Qualcomm. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 66% leaning bullish and 26% bearish. Among these notable options, 8 are puts, totaling $935,328, and 7 are calls, amounting to $249,290.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $160.0 to $220.0 for Qualcomm over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
In today's trading context, the average open interest for options of Qualcomm stands at 1372.0, with a total volume reaching 2,001.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Qualcomm, situated within the strike price corridor from $160.0 to $220.0, throughout the last 30 days.
<h3>Qualcomm 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727887581_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>QCOM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$27.1</td>
<td>$26.55</td>
<td>$26.55</td>
<td>$175.00</td>
<td>$286.5K</td>
<td>45</td>
<td style="text-align: right;">108</td>
</tr>
<tr>
<td>QCOM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$26.8</td>
<td>$26.5</td>
<td>$26.49</td>
<td>$175.00</td>
<td>$225.2K</td>
<td>45</td>
<td style="text-align: right;">193</td>
</tr>
<tr>
<td>QCOM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$2.42</td>
<td>$2.2</td>
<td>$2.41</td>
<td>$167.50</td>
<td>$120.9K</td>
<td>1.9K</td>
<td style="text-align: right;">400</td>
</tr>
<tr>
<td>QCOM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$17.6</td>
<td>$17.55</td>
<td>$17.6</td>
<td>$170.00</td>
<td>$100.2K</td>
<td>841</td>
<td style="text-align: right;">376</td>
</tr>
<tr>
<td>QCOM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$9.2</td>
<td>$8.95</td>
<td>$9.15</td>
<td>$172.50</td>
<td>$82.3K</td>
<td>566</td>
<td style="text-align: right;">11</td>
</tr>
</tbody>
</table>

<h3>About Qualcomm</h3>
Qualcomm develops and licenses wireless technology and designs chips for smartphones. The company's key patents revolve around CDMA and OFDMA technologies, which are standards in wireless communications that are the backbone of all 3G, 4G, and 5G networks. Qualcomm's IP is licensed by virtually all wireless device makers. The firm is also the world's largest wireless chip vendor, supplying nearly every premier handset maker with leading-edge processors. Qualcomm also sells RF-front end modules into smartphones, as well as chips into automotive and Internet of Things markets.
<h3>Qualcomm's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 1,901,049, the QCOM's price is up by 2.2%, now at $169.43. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 28 days.</li>
</ul>
<h3>What The Experts Say On Qualcomm</h3>
1 market experts have recently issued ratings for this stock, with a consensus target price of $210.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Qualcomm, targeting a price of $210. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Qualcomm, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Market Whales and Their Recent Bets on QCOM Options

'Qualcomm Is Unlikely To Introduce The Next Generation Of Its Flagship PC Processor Until At Least The Second Half Of 2025, According To Industry Sources' - DigiTimes Alert

Semiconductor chip stocks led by Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) noted investor selloff since Friday after gaining from Micron Technology, Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) upbeat quarterly print and U.S. Fed rate cut to boost demand.
Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Qualcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), Texas Instruments Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>), Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), Micron, Analog Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>), Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), Marvell Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) are trading lower Tuesday. Semiconductor ETFs VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) and iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) are down over 3%.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/10/41124391/qualcomm-partners-with-stmicroelectronics-to-boost-ai-powered-iot-connectivity" rel="noreferrer noopener">Qualcomm Partners With STMicroelectronics To Boost AI-Powered IoT Connectivity</a>
The street remains jittery over <a target="_blank" href="https://www.benzinga.com/news/24/10/41119735/nvidia-faces-new-competition-cerebras-files-for-ipo-huawei-pushes-ai-chips" rel="noreferrer noopener">artificial intelligence prospects</a> as analysts flagged Nvidia&#8217;s dependence on four customers, which are also developing in-house chips, and its delays in product releases.
Though China urges its companies to adopt domestic AI chipmakers, National Science and Technology Council (NSTC) Minister Wu Cheng-wen said China lags behind Taiwan Semiconductor Manufacturing Co&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) <a href="https://www.benzinga.com/government/24/10/41114632/taiwan-semiconductors-2-nm-breakthrough-puts-taiwan-a-decade-ahead-of-chinas-semiconductor-industry" target="_blank" rel="noreferrer noopener">advanced technology semiconductor manufacturing</a> by at least a decade. Taiwan Semiconductor is a crucial supplier for Nvidia and Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>).
The U.S. Chips Act played a crucial role in helping America develop its semiconductor base by offering <a target="_blank" href="https://www.benzinga.com/government/24/09/41007184/taiwan-semi-secures-7-5b-boost-for-arizona-expansion-aims-for-advanced-chip-production-report" rel="noreferrer noopener">subsidies to chipmakers</a> to boost artificial intelligence chip production in the country.
The semiconductor sector could see another tailwind if the Biden administration inks a bill to fastrack the specific semiconductor manufacturing projects that receive subsidies through the Chips Act by diluting the federal environmental scrutinies.
The legislation would exempt qualifying chip projects from reviews under the National Environmental Policy Act, the New York Times <a href="https://www.nytimes.com/2024/10/01/us/politics/biden-semiconductor-environmental-review.html" target="_blank" rel="noreferrer noopener">reports</a>.
Struggling chipmaker Intel recently got a boost from <a href="https://www.benzinga.com/news/24/09/40897994/whats-going-on-with-intel-stock-on-tuesday" target="_blank" rel="noreferrer noopener">$3 billion in direct funding</a> under the Chips Act in addition to the $8.5 billion in grants and $11 billion in loans that the company previously won under the act.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41124123/micron-set-for-profit-surge-with-high-margin-products-and-ai-driven-market-expansio" target="_blank" rel="noreferrer noopener">Micron Set for Profit Surge with High-Margin Products and AI-Driven Market Expansion, Analyst Says</a></li>
</ul>
Photo via Shutterstock

Government

Regulations

Media

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

Despite Nvidia Selloff, Biden's Law and Taiwan Semi's Advantage Offer Growth Potential

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$117.00</td>
<td>$53.0K</td>
<td>7.2K</td>
<td>113.7K</td>
</tr>
<tr>
<td>AAPL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/04/24</td>
<td>$225.00</td>
<td>$26.5K</td>
<td>16.5K</td>
<td>50.4K</td>
</tr>
<tr>
<td>SMCI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$38.00</td>
<td>$27.5K</td>
<td>0</td>
<td>4.4K</td>
</tr>
<tr>
<td>PLTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$31.00</td>
<td>$40.8K</td>
<td>189</td>
<td>3.3K</td>
</tr>
<tr>
<td>MSTR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$150.00</td>
<td>$47.2K</td>
<td>2.3K</td>
<td>3.1K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$165.00</td>
<td>$64.3K</td>
<td>5.1K</td>
<td>3.1K</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/04/24</td>
<td>$99.00</td>
<td>$46.3K</td>
<td>574</td>
<td>3.0K</td>
</tr>
<tr>
<td>AVGO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/11/24</td>
<td>$155.00</td>
<td>$30.8K</td>
<td>790</td>
<td>2.9K</td>
</tr>
<tr>
<td>QCOM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$200.00</td>
<td>$47.7K</td>
<td>4.8K</td>
<td>2.0K</td>
</tr>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$115.00</td>
<td>$76.0K</td>
<td>2.4K</td>
<td>1.2K</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option sweep with bearish sentiment. It expires in 3 day(s) on October 4, 2024. Parties traded 241 contract(s) at a $117.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $53.0K, with a price of $220.0 per contract. There were 7298 open contracts at this strike prior to today, and today 113715 contract(s) were bought and sold. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a put option sweep with bullish sentiment. It expires in 3 day(s) on October 4, 2024. Parties traded 100 contract(s) at a $225.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $26.5K, with a price of $265.0 per contract. There were 16543 open contracts at this strike prior to today, and today 50485 contract(s) were bought and sold. 
• Regarding SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we observe a put option sweep with bullish sentiment. It expires in 10 day(s) on October 11, 2024. Parties traded 250 contract(s) at a $38.00 strike. This particular put needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $27.5K, with a price of $110.0 per contract. There were 0 open contracts at this strike prior to today, and today 4484 contract(s) were bought and sold. 
• Regarding PLTR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), we observe a put option sweep with bearish sentiment. It expires in 143 day(s) on February 21, 2025. Parties traded 180 contract(s) at a $31.00 strike. This particular put needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $40.8K, with a price of $227.0 per contract. There were 189 open contracts at this strike prior to today, and today 3337 contract(s) were bought and sold. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a put option trade that happens to be bearish, expiring in 3 day(s) on October 4, 2024. This event was a transfer of 192 contract(s) at a $150.00 strike. The total cost received by the writing party (or parties) was $47.2K, with a price of $246.0 per contract. There were 2302 open contracts at this strike prior to today, and today 3190 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a call option sweep that happens to be bullish, expiring in 10 day(s) on October 11, 2024. This event was a transfer of 221 contract(s) at a $165.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $64.3K, with a price of $291.0 per contract. There were 5161 open contracts at this strike prior to today, and today 3163 contract(s) were bought and sold. 
• Regarding MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we observe a call option trade with bullish sentiment. It expires in 3 day(s) on October 4, 2024. Parties traded 200 contract(s) at a $99.00 strike. The total cost received by the writing party (or parties) was $46.3K, with a price of $232.0 per contract. There were 574 open contracts at this strike prior to today, and today 3055 contract(s) were bought and sold. 
• For AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we notice a put option sweep that happens to be bearish, expiring in 10 day(s) on October 11, 2024. This event was a transfer of 280 contract(s) at a $155.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $30.8K, with a price of $110.0 per contract. There were 790 open contracts at this strike prior to today, and today 2929 contract(s) were bought and sold. 
• Regarding QCOM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), we observe a call option sweep with bullish sentiment. It expires in 80 day(s) on December 20, 2024. Parties traded 159 contract(s) at a $200.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $47.7K, with a price of $300.0 per contract. There were 4855 open contracts at this strike prior to today, and today 2077 contract(s) were bought and sold. 
• Regarding SNOW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), we observe a call option trade with bearish sentiment. It expires in 17 day(s) on October 18, 2024. Parties traded 304 contract(s) at a $115.00 strike. The total cost received by the writing party (or parties) was $76.0K, with a price of $250.0 per contract. There were 2453 open contracts at this strike prior to today, and today 1214 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

PLTR

SMCI

SNOW

10 Information Technology Stocks With Whale Alerts In Today's Session

WIIM

ACMR

ALGM

AMAT

KLAC

LRCX

MCHP

MTSI

NXPI

SELX

SITM

WOLF

Shares of companies in the broader semiconductor and chip sector are trading lower amid overall market weakness after Iran launched a missile attack on Israel.

On Tuesday, STMicroelectronics NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STM#NYSE">STM</a>) and Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) subsidiary Qualcomm Technologies International announced a new strategic collaboration for industrial and consumer IoT solutions augmented <a href="https://www.benzinga.com/topic/artificial-intelligence">by edge artificial intelligence</a>.
The two companies proposed integrating Qualcomm Technologies&#8217; leading AI-powered wireless connectivity technologies with the microcontroller (MCU) ecosystem from STMicroelectronics.
Remi El-Ouazzane of STMicroelectronics said: &#8220;Wireless connectivity is key to the fast pervasion of edge AI across an ever-growing variety of use cases in enterprise, industrial, and personal applications.&#8221;
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/01110637/newplot.png" alt="" class="wp-image-574930" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/01110637/newplot.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/01110637/newplot-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Also Read: <a href="https://www.benzinga.com/government/24/09/41093269/whats-going-on-with-chip-stocks-like-nvidia-taiwan-semi-and-amd-on-monday" target="_blank" rel="noreferrer noopener">What&#8217;s Going On With Chip Stocks Like Nvidia, Taiwan Semi And AMD on Monday?</a>
STMicroelectronics stock plunged over 33% in the last 12 months. 
The <a href="https://www.benzinga.com/news/earnings/24/07/39955407/tesla-apple-chip-supplier-stmicroelectronics-q2-earnings-hit-by-weakness-in-industrial-and-automoti" target="_blank" rel="noreferrer noopener">key supplier to</a> Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) clocked a 25.3% topline decline in the second quarter due to weakness in the industrial and automotive sectors. At least three Wall Street firms, including Craig-Hallum, TD Cowen, and Bernstein, <a href="https://www.benzinga.com/quote/STM/analyst-ratings" target="_blank" rel="noreferrer noopener">slashed their price targets</a> on the stock after the dismal print.
Qualcomm&nbsp;stock is up over 48%. It reported <a href="https://www.benzinga.com/news/earnings/24/07/40080595/qualcomm-q3-earnings-highlights-revenue-beat-eps-beat-strong-execution-of-our-growth-and-diversific" target="_blank" rel="noreferrer noopener">third-quarter topline</a> growth of 11%, backed by its handsets and automotive segments. In the third quarter, it bagged over ten new design wins for automotive. JPMorgan analyst Samik Chatterjee flagged growth potential by regaining market share with Samsung Electronics (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) and diversification into the automotive and IoT sectors, partially offsetting <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40898388/qualcomm-analyst-sees-opportunity-in-regaining-share-with-samsung-after-apple-reven" target="_blank" rel="noreferrer noopener">lost revenue from Apple</a>.
<a href="https://www.benzinga.com/government/24/09/41004045/whats-going-on-with-chinese-stocks-alibaba-nio-xpeng-li-auto-on-tuesday">Recently, the U.S. Fed</a>, followed by China, slashed its key rates to spur discretionary spending. Lower interest rates have the potential to drive the industrial and automotive sectors by promoting discretionary spending by the companies.
Price Actions: STM stock is down 3.48% at $28.70 at last check Tuesday. QCOM is down 2.44% at $165.73.
Now Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41119735/nvidia-faces-new-competition-cerebras-files-for-ipo-huawei-pushes-ai-chips" target="_blank" rel="noreferrer noopener">Nvidia Faces New Competition: Cerebras Files for IPO, Huawei Pushes AI Chips</a></li>
</ul>
Image: Shutterstock

SSNLF

TSLA

Qualcomm Partners With STMicroelectronics To Boost AI-Powered IoT Connectivity

Qualcomm And Epic Games Partner To Elevate In-Vehicle User Experiences With Unreal Engine And Snapdragon Digital Chassis Solutions

STMicroelectronics And Qualcomm Announce Strategic Collaboration To Combine STM32 Microcontroller Ecosystem With Qualcomm's Wireless Connectivity Solutions For Next-Gen Industrial And Consumer IoT

The semiconductor industry is on the rise owing to the increasing demand, technological progress, and government investments. Thus, investors could consider investing in Taiwan Semiconductor (TSM), Qorvo (QRVO), and QUALCOMM (QCOM) to capitalize on the sector's growth before the next chip shortage. Read more… The global semiconductor industry is growing with rising electronics use and integration across applications such as networking communication devices, data processing, industrial automation, consumer electronics, automotive, and government projects. However, as the threat of a chip shortage looms, the industry might be in a challenging state.
Amid this backdrop, it could be wise to invest in fundamentally robust semiconductor stocks Taiwan Semiconductor Manufacturing Company Limited (<a href="https://stocknews.com/stock/TSM/">TSM</a>), Qorvo, Inc. (<a href="https://stocknews.com/stock/QRVO/">QRVO</a>), and QUALCOMM Incorporated (<a href="https://stocknews.com/stock/QCOM/">QCOM</a>) before the next chip shortage. The stocks are positioned for significant growth in the near future.
The semiconductor industry is experiencing rapid expansion owing to technological transformations across sectors. Key technologies such as Artificial intelligence (AI), Machine Learning (ML), cloud computing, 5G networks, autonomous vehicles, and big data analytics that rely heavily on semiconductor components are driving the industry growth.
Due to such massive demands, a shortage of semiconductor chips is expected soon. According to a report by <a href="https://www.bain.com/insights/prepare-for-the-coming-ai-chip-shortage-tech-report-2024/">Bain and Company</a>, an AI-driven surge in demand for graphics processing units alone could increase total demand for certain components by 30% or more by 2026. That along with geopolitical tensions and surge in demand of AI-enabled devices could likely trigger the next chip shortage.
That being said, the Semiconductor Industry Association (SIA) reported that global semiconductor industry sales totaled <a href="https://www.semiconductors.org/global-semiconductor-sales-increase-18-3-in-q2-2024-compared-to-q2-2023-quarter-to-quarter-sales-up-6-5/">$149.9 billion</a> during the second quarter of 2024, an 18.3% increase compared to the second quarter of 2023. Sales in June 2024 were $50.0 billion, a 1.7% increase compared to May 2024.
Looking ahead to 2025, the World Semiconductor Trade Statistics (WSTS) forecasts <a href="https://www.wsts.org/esraCMS/extension/media/f/WST/6558/WSTS_FC-Release-2024_05.pdf">a 12.5% growth</a> in the global semiconductor market, reaching an estimated valuation of $687 billion. This growth is expected primarily by the Memory and Logic sectors, with significant increases projected.
Moreover, government initiatives are further boosting the sector's growth prospects. <a href="https://www.whitehouse.gov/briefing-room/statements-releases/2022/08/09/fact-sheet-chips-and-science-act-will-lower-costs-create-jobs-strengthen-supply-chains-and-counter-china/">The CHIPS and Science Act</a> aims to strengthen U.S. semiconductor manufacturing, boost domestic production, and reduce supply chain vulnerabilities by investing in American chip-making capabilities.
Thus, by investing in these three stocks, one could capitalize on the current growth potential. As demand rises and technological advancements continue, these companies are well-positioned to benefit from the expanding semiconductor industry and are likely to deliver strong returns in the near future.
Considering these trends, let's analyze the fundamentals of three <a href="https://stocknews.com/category/semiconductor-wireless-chip/">Semiconductor &amp; Wireless Chip</a> stocks, beginning with #3.
Stock #3: Taiwan Semiconductor Manufacturing Company Limited (<a href="https://stocknews.com/stock/TSM/">TSM</a>)
Headquartered in Hsinchu City, Taiwan, TSM manufactures, packages, tests, and sells integrated circuits and other semiconductor devices internationally. The company provides a range of wafer fabrication processes and also offers customer and engineering support services.
On August 20, ESMC, a joint venture between TSM, Robert Bosch GmbH, Infineon Technologies AG, and NXP Semiconductors N.V., <a href="https://pr.tsmc.com/english/news/3169">announced a ceremony</a> to mark the initial phase of land preparation for the joint venture's first semiconductor lab in Dresden, Germany.
With this new venture, TSM would be able to expand its market exposure and business operations.
TSM's net revenue increased 40.1% year-over-year to $20.82 billion for the fiscal 2024 second quarter that ended June 30. Its gross profit grew 37.6% from the year-ago value to $11.07 billion. The company's income from operations of $8.86 billion indicates growth of 41.9% from the prior year's quarter.
In addition, the company's <a href="https://www.investopedia.com/terms/n/netincome.asp">net income</a> and EPS rose 36.3% and 36.4% year-over-year to $7.66 billion and $0.30, respectively.
Analysts expect TSM's revenue for the fiscal third quarter ending in September 2024 to increase 38.1% year-over-year to $23.33 billion. Its EPS for the ongoing quarter is expected to grow 37.9% from the prior year's period to $1.78. Moreover, the company topped the consensus revenue and EPS estimates in all four trailing quarters.
TSM's shares have gained 32.1% over the past six months and 118.1% over the past year to close the last trading session at $188.19.
TSM's strong fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
It has an A grade for Quality and a B for Sentiment. TSM is ranked #11 out of 91 stocks in the <a href="https://stocknews.com/category/semiconductor-wireless-chip/">Semiconductor &amp; Wireless Chip</a> industry.
In addition to the POWR Ratings we've stated above, we also have TSM's ratings for Growth, Momentum, Value, and Stability. Get all TSM ratings <a href="https://stocknews.com/stock/TSM/">here</a>.
Stock #2: Qorvo, Inc. (<a href="https://stocknews.com/stock/QRVO/">QRVO</a>)
QRVO develops and commercializes technologies for wireless, wired, and power markets. The company's operations span three segments: High Performance Analog (HPA); Connectivity and Sensors Group (CSG); and Advanced Cellular Group (ACG). It also offers foundry services for defense and aerospace clients.
On January 31, QRVO <a href="https://ir.qorvo.com/news-releases/news-release-details/qorvor-acquire-anokiwave">announced a definitive agreement</a> to acquire Anokiwave, a supplier of high-performance silicon integrated circuits for intelligent active array antennas used in defense, SATCOM, and 5G applications. Anokiwave's high-frequency beamforming and IF-to-RF conversion ICs would complement QRVO's existing RF front-end portfolio.
The combination of QRVO's capabilities with Anokiwave's technology would enable QRVO to deliver highly integrated solutions and SiPs for defense, aerospace, and network infrastructure.
QRVO's revenue for the fiscal 2025 first quarter, which ended on June 29, 2024, increased 36.2% year-over-year to $886.67 million. Its non-GAAP operating income rose 110.1% year-over-year to $98.13 million.
Additionally, the company's non-GAAP net income amounted to $83.52 million, or $0.87 per share, up 148.5% and 155.9% year-over-year, respectively.
QRVO <a href="https://ir.qorvo.com/news-releases/news-release-details/qorvor-announces-fiscal-2025-first-quarter-financial-results">exceeded its June quarterly guidance</a> for revenue, gross margin, and EPS. Looking forward, the company expects sequential increases for the same.
For the September 2024 quarter, QRVO projects revenue of approximately $1.025 billion, with a potential leeway of $25 million. Non-GAAP gross margin is expected to be between 46% and 47%, while non-GAAP diluted earnings per share are forecasted to be between $1.75 and $1.95.
Street expects QRVO's revenue and EPS for the next fiscal year ending in March 2026 to increase 8% and 28.3% year-over-year to $4.27 billion and $7.97, respectively. Moreover, the company has surpassed the consensus revenue and EPS estimates in each of the trailing four quarters.
Shares of QRVO have gained 7.8% over the past year to close the last trading session at $104.05.
QRVO's promising outlook is reflected in its POWR Ratings. It has an overall rating of B, equating to a Buy in our proprietary rating system.
QRVO has a B grade for Growth, Sentiment, Value, and Quality. It is ranked #3 out of 91 stocks within the same industry.
Beyond what we stated above, we have also given QRVO grades for Momentum and Stability. Get all the QRVO's ratings <a href="https://stocknews.com/stock/QRVO/">here</a>.
Stock #1: QUALCOMM Incorporated (<a href="https://stocknews.com/stock/QCOM/">QCOM</a>)
QCOM develops and commercializes wireless technologies like 3G, 4G, and 5G, as well as high-performance computing and artificial intelligence. Its segments include Qualcomm CDMA Technologies; Qualcomm Technology Licensing; and Qualcomm Strategic Initiatives.
On September 11, QCOM's subsidiary Qualcomm Technologies, Inc. <a href="https://www.qualcomm.com/news/releases/2024/09/qualcomm--aramco-and-rdia-plan-design-in-saudi-arabia-startup-pr">announced the launch</a> of Design in Saudi Arabia (DISA) along with Aramco and Saudi Arabia's Research, Development, and Innovation Authority (RDIA).
With the help of QCOM's utilities, DISA is aimed at supporting startups that are adopting AI, the Internet of Things (IoT), and wireless technologies for industrial use cases. The development would help QCOM spread its business worldwide and gather more market exposure.
QCOM's revenues for the fiscal 2024 third quarter, which ended June 23, increased 11.2% year-over-year to $9.39 billion. The company reported a non-GAAP operating income of $3.02 billion, indicating a 19.7% growth from the prior year's quarter.
QCOM's non-GAAP net income came in at $2.65 billion, up 25.8% year-over-year, while its non-GAAP EPS grew 24.6% from the prior-year quarter to $2.33.
The consensus revenue and EPS estimates of $9.86 billion and $2.55 for the fiscal fourth quarter ending September 2024 reflect a rise of 13.8% and 26.1% year-over-year, respectively. Furthermore, the company topped the consensus revenue and EPS estimates in all of the four trailing quarters.
QCOM shares have surged 19.8% over the past nine months and 55.6% over the past year to close the last trading session at $171.78.
QCOM's bright prospects are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
QCOM has an A grade for Quality. It has topped the 91-stock Semiconductor &amp; Wireless Chip industry.
<a href="https://stocknews.com/stock/QCOM/">Click here</a> to see QCOM's ratings for Growth, Value, Momentum, Stability, and Sentiment.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
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<hr />
TSM shares were trading at $186.68 per share on Thursday morning, up $4.33 (+2.37%). Year-to-date, TSM has gained 81.05%, versus a 21.87% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/tsm-qcom-qrvo-3-semiconductor-stocks-to-buy-before-the-next-chip-shortage/>3 Semiconductor Stocks to Buy Before the Next Chip Shortage</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Semiconductor Stocks to Buy Before the Next Chip Shortage

The semiconductor industry is thriving due to rising chip requirements from different sectors and conducive government policies. Amid this, let's compare semiconductor stocks QUALCOMM (QCOM) and Texas Instruments (TXN) to analyze which semiconductor stock offers more chip power. Read on to find out… The extensive usage of semiconductors in a wide range of end-use applications such as electronics, industrial equipment, automotive, networking and communications, and data processing is the major factor that boosts the growth of the global semiconductors market. The global semiconductor market is poised to grow at a <a href="https://www.precedenceresearch.com/semiconductor-market">CAGR of 7.6%</a> by 2033.
Since introducing the CHIPS Act in Congress, companies within the semiconductor industry have unveiled over 90 new manufacturing projects in the United States, representing <a href="https://www.semiconductors.org/2024-state-of-the-industry-report-underscores-opportunities-and-challenges-for-u-s-chip-industry/">nearly $450 billion in investments across 28 states</a>.
These projects are expected to generate tens of thousands of direct jobs and support hundreds of thousands more across the U.S. economy. This shows how important semiconductor chips have become in the modern economic backdrop.
Against this backdrop, let's compare two established semiconductor stocks to analyze which semiconductor stock offers more chip power: QUALCOMM Incorporated (<a href="https://stocknews.com/stock/QCOM/">QCOM</a>) and Texas Instruments Incorporated (<a href="https://stocknews.com/stock/TXN/">TXN</a>).
The Case for QUALCOMM Incorporated Stock
With a $184.88 billion market cap, QUALCOMM Incorporated (<a href="https://stocknews.com/stock/QCOM/">QCOM</a>) engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). 
QCOM's stock has gained 15.7% over the past nine months and 54.1% over the past year to close the last trading session at $165.96.
QCOM's forward <a href="https://www.investopedia.com/terms/e/ev-ebitda.asp">EV/EBITDA</a> of 12.77x is 11% lower than the industry average of 14.35x. Its forward EV/EBIT multiple of 14.51 is 27.8% lower than the industry average of 20.11.
QCOM's total revenues for the fiscal third quarter that ended on June 30, 2024, amounted to $9.39 billion, increased 11.1% year-over-year, while the company's net income and EPS came in at $2.13 billion and $1.88, increased 18.3% and 17.5%, respectively.
Analysts expect QCOM's revenue for the fourth quarter (ending September 2024) to increase 13.8% year-over-year to $9.86 billion. Likewise, its EPS for the same quarter is projected to grow 26.1% year-over-year to $2.55. Moreover, the company has topped consensus revenue and EPS estimates in each of the trailing four quarters, which is excellent.
QCOM's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its promising outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
The stock has an A grade for Quality. SKX is ranked first out of 91 stocks in the <a href="https://stocknews.com/category/semiconductor-wireless-chip/">Semiconductor &amp; Wireless Chip</a> industry.
In addition to the POWR Ratings I've just highlighted, you can see QCOM's ratings for Growth, Momentum, Value, Sentiment, and Stability <a href="https://stocknews.com/stock/QCOM/">here</a>.
The Case for Texas Instruments Incorporated Stock
Valued at $186.12 billion by market cap, Texas Instruments Incorporated (<a href="https://stocknews.com/stock/TXN/">TXN</a>) designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments.
TXN's stock has gained 18.2% over the past six months to close the last trading session at $203.85. However, over the past month, the stock has declined 2.9%.
TXN's forward EV/EBIT of 34.98x is 74% higher than the industry average of 20.11x.
TXN's revenues for the fiscal second quarter ended June 30, 2024, decreased 15.6% year-over-year to $3.82 billion. its gross profit declined 24% year-over-year to $2.22 billion. Additionally, the company's net income and EPS decreased 34.6% and 34.8% over the year-ago quarter, reaching $1.13 billion and $1.22, respectively.
Analysts expect TXN's EPS for the quarter ending September 2024 to decrease 23.8% year-over-year to $1.41, while its revenue for fiscal 2025 is expected to increase 14.2% year-over-year to $17.97 billion.
TXN's mixed fundamentals are reflected in its POWR Ratings. The stock has an overall C rating, translating to Neutral in our proprietary rating system.
TXN has a C grade for Stability and Momentum. It is ranked #60 among 91 stocks in the same industry.
<a href="https://stocknews.com/stock/TXN/">Click here</a> for the additional POWR Ratings for TXN (Quality, Value, Sentiment, and Growth).
QUALCOMM (QCOM) vs. Texas Instruments (TXN): Which Semiconductor Stock Offers More Chip Power?
As semiconductors become more advanced, they enable greater performance in critical technologies like AI, 5G, cloud computing, and electric vehicles. These chips power everything from smartphones to data centers, making them essential for technological innovation.
As demand for faster, smaller, and more energy-efficient devices grows, the semiconductor industry expands to meet these needs, driving both technological and economic growth.
Leading semiconductor companies QCOM and TXN stand to capitalize on the optimistic industry outlook. However, QCOM's strong financial performance, lower valuation, and promising near-term outlook favor it as the better semiconductor stock pick.
Our research shows that the odds of success increase when one invests in stocks with an Overall Rating of Strong Buy or Buy. View all the top-rated stocks in the Semiconductor &amp; Wireless Chip industry <a href="https://stocknews.com/category/semiconductor-wireless-chip/">here</a>.
What To Do Next?
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<hr />
QCOM shares were trading at $166.74 per share on Tuesday afternoon, up $0.78 (+0.47%). Year-to-date, QCOM has gained 16.95%, versus a 20.78% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/qcom-txn-qualcomm-qcom-vs-texas-instruments-txn-which-semiconductor-stock-offers/>QUALCOMM (QCOM) vs. Texas Instruments (TXN): Which Semiconductor Stock Offers More Chip Power?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

QUALCOMM (QCOM) vs. Texas Instruments (TXN): Which Semiconductor Stock Offers More Chip Power?

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