What's Going On With Qualcomm Stock?

Qualcomm Inc QCOM shares are trading lower by 1.1% to $150.23 Wednesday afternoon. The stock is trading lower as traders and investors watch for NVIDIA Corp earnings scheduled for release Wednesday afternoon.

Nvidia is preparing to unveil its fiscal fourth-quarter earnings, which is eagerly awaited because of its impact on the company’s performance and the overall market. Being a prominent figure in the AI industry, Nvidia’s financial outcomes greatly influence investor confidence. Analysts anticipate a strong quarter, forecasting a non-GAAP EPS of $4.64 and revenue reaching $20.62 billion…Read More

Is QCOM A Good Stock To Buy?

An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages – like Qualcomm‘s page for example – there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.

These are known as capital allocation programs. Qualcomm does pay a dividend, which yields 2.57% per year as of the closing price on Feb. 21, 2024. Feel free to search Benzinga's dividend calendar for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.

For example, if you're looking to earn an annualized return of 11.56%, you'll need to buy a share of First Trust Senior by the March 1, 2024. Once done, you can expect to receive a nominal payout of $0.1 on 15th March, 2024.

Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on Qualcomm will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.

See Also: NVIDIA Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

QCOM has a 52-week high of $157.98 and a 52-week low of $101.47.