Qualcomm Inc (QCOM) Stock AnalysisQCOMQualcomm Inc

Qualcomm Incorporated is engaged in the development and commercialization of foundational technologies for the wireless industry, including third generation (3G), fourth generation (4G) and fifth generation (5G) wireless connectivity, and high-performance and low-power computing, including on-device artificial intelligence. Its segments include Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL) and Qualcomm Strategic Initiatives. QCT develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies, including radio frequency front-end, digital cockpit and advanced driver assistance and automated driving, Internet of things including consumer electronic devices, industrial devices and edge networking products. QTL grants licenses or otherwise provides rights to use portions of its intellectual property portfolio that includes certain patent rights essential to and/or useful in the manufacture and sale of certain wireless products. It operates in the Technology sector (RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT industry).

Qualcomm Inc is currently trading at $175.50, which is below the average analyst price target of $193.00. However, the stock has a low RSI of 29.77, indicating it is oversold, and the forward P/E ratio of 19.65 suggests it is reasonably valued compared to growth prospects. The main risk is the significant insider selling, which has increased by 1185.03% over the last month, indicating potential lack of confidence from insiders.

23 analysts cover QCOM: 10 rate it Buy, 13 Hold and 0 Sell. The average price target is 197.14.