QUALCOMM Stock Soars 5.33%, Hits Intraday High of $162.39

QUALCOMM, Inc. has experienced a notable surge today, gaining 5.33% and reaching an intraday high of USD 162.39. This performance stands in contrast to the S&P 500, which has declined by 2.71% on the same day. Despite a challenging week with a 4.06% drop, QUALCOMM's year-to-date performance remains positive at 5.31%, outperforming the S&P 500's 11.41% gain.
The company, operating within the Other Electrical Equipment industry, boasts a market capitalization of USD 172,899 million. QUALCOMM's financial metrics reflect strong fundamentals, including a robust Return on Capital Employed (ROCE) of 53.38% and a low Debt to EBITDA ratio of 0.32 times, indicating a solid ability to manage debt. Additionally, the company has shown healthy long-term growth, with net sales increasing at an annual rate of 16.68%.

With high institutional holdings at 80.2%, QUALCOMM demonstrates a strong market position and an attractive valuation, trading at a discount compared to its peers. The stock's P/E ratio stands at 15.00, complemented by a dividend yield of 2.25%, further highlighting its financial stability.