最新ニュース Qualcomm (NASDAQ:QCOM) 株価情報

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.

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Shares of semiconductor and chip stocks are trading higher following Wednesday's rate cut, which has lifted growth stocks and rate-sensitive sectors such as tech.

Investors with a lot of money to spend have taken a bearish stance on Qualcomm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with QCOM, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 49 uncommon options trades for Qualcomm.
This isn't normal.
The overall sentiment of these big-money traders is split between 26% bullish and 65%, bearish.
Out of all of the special options we uncovered, 38 are puts, for a total amount of $4,232,650, and 11 are calls, for a total amount of $544,412.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $115.0 to $280.0 for Qualcomm over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
In terms of liquidity and interest, the mean open interest for Qualcomm options trades today is 1739.69 with a total volume of 18,730.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Qualcomm's big money trades within a strike price range of $115.0 to $280.0 over the last 30 days.
<h3>Qualcomm Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726682774_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</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>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>QCOM</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$1.45</td>
<td>$1.24</td>
<td>$1.35</td>
<td>$115.00</td>
<td>$1.3M</td>
<td>14.5K</td>
<td>10.0K</td>
</tr>
<tr>
<td>QCOM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$10.4</td>
<td>$10.2</td>
<td>$10.35</td>
<td>$160.00</td>
<td>$1.1M</td>
<td>3.0K</td>
<td>1.1K</td>
</tr>
<tr>
<td>QCOM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$20.0</td>
<td>$19.8</td>
<td>$20.0</td>
<td>$155.00</td>
<td>$176.0K</td>
<td>1.5K</td>
<td>88</td>
</tr>
<tr>
<td>QCOM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$20.2</td>
<td>$20.0</td>
<td>$20.2</td>
<td>$180.00</td>
<td>$96.9K</td>
<td>3.4K</td>
<td>123</td>
</tr>
<tr>
<td>QCOM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$20.2</td>
<td>$20.15</td>
<td>$20.15</td>
<td>$180.00</td>
<td>$96.7K</td>
<td>3.4K</td>
<td>171</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.
Following our analysis of the options activities associated with Qualcomm, we pivot to a closer look at the company's own performance.
<h3>Present Market Standing of Qualcomm</h3>
<ul>
<li>With a volume of 2,167,982, the price of QCOM is up 0.46% at $169.48. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 42 days.</li>
</ul>
<h3>Expert Opinions on Qualcomm</h3>
In the last month, 1 experts released ratings on this stock with an average target price of $210.0.
<ul>
<li>An analyst from JP Morgan persists with their Overweight rating on Qualcomm, maintaining a target price of $210. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Qualcomm with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Qualcomm Unusual Options Activity

Qualcomm Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) shares are trading marginally <a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">higher on Wednesday in the premarket session</a>.
Qualcomm&#8217;s EU antitrust fine was largely upheld by Europe&#8217;s second-highest Court, with a slight reduction from 242 million euros to 238.7 million euros ($265.58 million), the Luxembourg-based General Court <a target="_blank" href="https://curia.europa.eu/jcms/upload/docs/application/pdf/2024-09/cp240142en.pdf" rel="noreferrer noopener">said</a>.
Qualcomm, a U.S. company known for its cellular and wireless technologies, was found to have abused its dominant market position from 2009 to 2011.
This conclusion followed a complaint from British firm Icera against Qualcomm, which alleged the tech behemoth of practicing &#8216;predatory pricing&#8217; to eliminate competition.
The Commission concluded that Qualcomm had abused its dominant position by supplying certain quantities of its UMTS chipsets to two of its key customers, Huawei and ZTE, at below-cost prices during the relevant period, with the intention of eliminating Icera, its main competitor at the time.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40898388/qualcomm-analyst-sees-opportunity-in-regaining-share-with-samsung-after-apple-reven" rel="noreferrer noopener">Qualcomm Analyst Sees Opportunity In &#8216;Regaining Share With Samsung&#8217; After Apple Revenue Squeeze</a>
The U.S. company NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) acquired Icera in May 2011.
Despite Qualcomm&#8217;s attempts to contest the fine, citing procedural irregularities and errors in the Commission&#8217;s assessment, the Court rejected most of its claims.
In terms of calculating the fine amount, the Court concluded that the Commission had unjustifiably deviated from the methodology established in its 2006 guidelines in the contested decision.
Consequently, exercising its unlimited jurisdiction, the Court has determined the fine imposed on Qualcomm to be 238.73 million euros, not 242.042 million euros.
Price Action: QCOM shares are trading higher by 0.21% to $169.05 premarket at last check Wednesday.
Photo: Shutterstock
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Qualcomm's EU Fine Reduced Slightly But Court Upholds Antitrust Violations

<a href="https://apnews.com/article/european-union-qualcomm-antitrust-court-01dfc49c8de0cb792ea2eb7e4327cd10#:~:text=The%20European%20Union's%20General%20Court,competitor%20out%20of%20the%20market">https://apnews.com/article/european-union-qualcomm-antitrust-court-01dfc49c8de0cb792ea2eb7e4327cd10#:~:text=The%20European%20Union's%20General%20Court,competitor%20out%20of%20the%20market</a>
&nbsp;
Qualcomm lost its bid on Wednesday to get a European Union antitrust penalty thrown out after a top court largely rebuffed the technology company's arguments in the case involving cellphone chipsets.
The European Union's General Court said it was rejecting most of Qualcomm's appeal against the 242 million euro ($269 million) fine that the bloc's regulators <a href="https://apnews.com/general-news-e5c0f3a3df684d56b8bcf50e75982735">issued in 2019</a>, accusing the company of "predatory pricing" to drive a competitor out of the market.
The European Commission, the 27-nation bloc's executive branch and top antitrust enforcer, said five years ago that Qualcomm abused its market dominance in 3G baseband chipsets, selling them below the cost of production to force startup Icera out of the market a decade prior.
The court <a href="https://curia.europa.eu/jcms/upload/docs/application/pdf/2024-09/cp240142en.pdf">said in a press release</a> that after examining Qualcomm's arguments, it was "rejecting them all in their entirety," except for the company's plea that the commission didn't follow guidelines in calculating the fine. Therefore the court trimmed the fine to 238.7 million euros.
In a <a href="https://apnews.com/article/technology-european-commission-union-luxembourg-a371ec97007dd049c5b396c4ff242b42">separate case</a> the European Commission fined Qualcomm $1.23 billion after concluding it bribed Apple to stifle competition, but the General Court overturned that decision in 2022 after the company appealed.

'Qualcomm Loses Court Appeal Against European Union Antitrust Penalty In Chipset Case From 2019' - AP

A possible strike by thousands of dockworkers at <a href="https://www.benzinga.com/government/24/09/40713418/retailers-plea-for-deal-us-ports-union-start-two-day-talk-in-effort-to-prevent-disruptive-strike">East and Gulf coast ports</a> in October could result in major disruptions in the supply chain of goods coming in and out of the U.S., according to an export on container trade.
The International Longshoremen's Association (ILA), representing more than 85,000 dockworkers, may go on strike on Oct. 1 as the union&#8217;s contract expires on Sept. 30 and negotiations between the ILA and U.S. Maritime Alliance of terminal operators show signs of breaking down, said Christian Roeloffs, CEO of online container leasing platform Container xChange.
&#8220;A strike now appears increasingly likely, threatening to disrupt nearly half of the nation&#8217;s ocean trade,&#8221; he said on Tuesday.
&#8220;The uncertainty is compounded by the fact that the duration of these strikes is unclear — it could be resolved within weeks or drag on for months, as seen with the West Coast strike last year.
&#8220;September is traditionally one of the busiest months for U.S. containerized imports, driven by the peak shipping season as businesses prepare for the holiday rush.&#8221;
Read Also: <a href="https://www.benzinga.com/news/global/24/08/40451543/transatlantic-container-shipping-volumes-rise-as-possible-strike-at-u-s-ports-hovers">Transatlantic Container Shipping Volumes Rise As Possible Strike At U.S. Ports Hovers</a>
But it isn&#8217;t just a strike that threatens to disrupt the shipment of goods for the retail, automotive and other sectors, he said.
&#8220;This year presents an unprecedented combination of challenges that could heavily impact supply chains. Potential labor strikes, natural disasters, and tariff uncertainties are converging, creating a highly volatile environment for global trade,&#8221; he said. 
&#8220;This also led to the pulling forward of orders by retailers, which led to strong inventories in the U.S.&#8221;
A strike could also cause havoc for container leasing and trading companies by causing major delays, port congestion and rerouted cargo, Roeloffs said.
"Companies should anticipate short-term spikes in demand for leased containers as retailers rush to secure goods ahead of potential disruptions, particularly for seasonal inventory and industrial shipments," he said.
&#8220;While the threat of strikes looms large, it's important to note that U.S. inventories are currently strong due to the pulling forward of orders earlier this year to avoid existing disruptions. 
The retail, automotive and semiconductor industries, all of which could be impacted by a port strike, saw gains and losses into Tuesday&#8217;s mid-day trading.
<h1 class="wp-block-heading">Retail</h1>
<ul>
<li>Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) fell 1.18% to $79.61</li>
<li>Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) slipped 0.26% to $152.45</li>
<li>Home Depot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) gained 0.89% to $385.42</li>
</ul>
<h1 class="wp-block-heading">Automotive</h1>
<ul>
<li>Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) gained 1.30% to $10.94</li>
<li>General Motors Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) picked up 1.59% to $47.62</li>
<li>Stellantis N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) slipped 0.18% to $15.16</li>
</ul>
<h1 class="wp-block-heading">Semiconductor</h1>
<ul>
<li>Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) fell 0.43% to $168.35</li>
<li>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) declined 0.87% to $162.59</li>
<li>Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) rose 1.13% to $68.50</li>
</ul>
<h1 class="wp-block-heading">Indexes that follow the retail and automotive sectors trended upward</h1>
<ul>
<li>Dow Jones Transportation Average, which is tracked by the iShares Transportation Average ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>), rose 1.2% to 16,032.91 points</li>
<li>S&amp;P Retail Select Industry Index, which is tracked by the SPDR S&amp;P Retail ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XRT#NYSE">XRT</a>), gained 1.4% to 10,375.45 points</li>
<li>S&amp;P 500 Automobiles &amp; Components Index&nbsp;rose 2.7% to 130.02 points. There is no exchanmge-traded fund that closely follows this index, but First Trust S-Network Future Vehicles &amp; Tech ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CARZ#NASDAQ">CARZ</a>) provides broad exposure to global automobile manufacturers and related companies, including those in the S&amp;P 500 Automobiles &amp; Components Index.</li>
</ul>
Read Now:
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<li><a href="https://www.benzinga.com/news/global/24/08/40497103/strikes-at-us-ports-canadas-railways-may-cause-container-freight-rate-volatility">Strikes At US Ports, Canada&#8217;s Railways May Cause Container Freight Rate Volatility</a></li>
</ul>
Photo: Shutterstock

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US Port Strike In October Could Lead To Major Supply-Chain Disruptions, Says Container Trade Expert

During the last three months, 14 analysts shared their evaluations of Qualcomm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), revealing diverse outlooks from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<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;">2</td>
<td style="text-align: right;">6</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;">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>1M 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>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</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;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $216.43, a high estimate of $270.00, and a low estimate of $170.00. This current average has increased by 9.99% from the previous average price target of $196.77. 
<img src="https://www.benzinga.com/files/images/story/2024/1726596015_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive 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>
<tr>
<td>John Vinh</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$225.00</td>
<td>$205.00</td>
</tr>
<tr>
<td>Ivan Feinseth</td>
<td>Tigress Financial</td>
<td>Raises</td>
<td>Buy</td>
<td>$270.00</td>
<td>$238.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Qualcomm. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect 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>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Qualcomm's market position. Stay informed and make well-informed 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: Delving into Financials</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to 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. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Qualcomm's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 22.67% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Qualcomm's ROE stands out, surpassing industry averages. With an impressive ROE of 8.67%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Qualcomm's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 4.02%, the company showcases efficient use of assets and strong financial health.
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>Understanding the Relevance of Analyst Ratings</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

What 14 Analyst Ratings Have To Say About Qualcomm

JP Morgan analyst Samik Chatterjee maintains Qualcomm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) with a Overweight and lowers the price target from $230 to $210.

Price Target

JP Morgan Maintains Overweight on Qualcomm, Lowers Price Target to $210

Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) is bracing for the impact of losing a significant portion of its Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) revenue, but JPMorgan analyst Samik Chatterjee believes the company has opportunities elsewhere, <a href="https://www.benzinga.com/quote/QCOM/news">particularly with Samsung</a>.
Chatterjee sees "the likelihood of displacement of revenue from Apple's in-sourcing of the modem increasing," as Apple continues its efforts to develop an in-house modem. Initially, this could affect the iPhone SE, which Chatterjee estimates "contributes only 1% of revenue for Qualcomm's QCT business." 
While the immediate impact is small, Apple's potential to use its modems across its entire iPhone lineup looms large. If Apple moves to fully in-house modems for the iPhone 17, Chatterjee warns this could result in "14% of revenue and 12% of EPS headwinds in Year 1."
Read Also: <a href="https://www.benzinga.com/news/24/09/40745239/apple-supplier-qualcomm-eyes-intel-units-to-bolster-product-line-report">Apple Supplier Qualcomm Eyes Intel Units To Bolster Product Line: Report</a>
<h2 class="wp-block-heading">Qualcomm&#8217;s Opportunity With Samsung</h2>
Despite the challenges posed by Apple, Chatterjee sees a significant opportunity for Qualcomm to regain market share with Samsung. He notes that Samsung's flagship smartphones could provide a new source of growth for the company, stating that "winning back share with Samsung flagships could be a revenue/EPS tailwind of ~5% each in FY25."
This potential to increase business with Samsung is key to offsetting losses from Apple, particularly in light of Qualcomm&#8217;s focus on expanding in other areas like automotive, IoT, and PCs. 
These sectors, according to Chatterjee, are "positioned to eclipse the decline in revenue attributable to one of Qualcomm's largest customers."
<h2 class="wp-block-heading">Automotive, IoT Lend Optimism To Qualcomm&#8217;s Future</h2>
Chatterjee is optimistic about Qualcomm's long-term outlook, emphasizing the company&#8217;s &#8220;technology leadership in mobile SOC (and modem) technology.&#8221; He projects a "healthy, although modest relative to expectations, revenue CAGR of 6%" from FY24 to FY27, bolstered by growth in non-smartphone segments like automotive and IoT.
Even with the expectation that Apple-related revenue could decline by 87% by FY27, Chatterjee believes Qualcomm's diversification efforts will more than compensate for this. The analyst concludes that, while near-term risks from Apple are real, the opportunity to regain share with Samsung and expand in other sectors positions Qualcomm for long-term success.
Read Next: 
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Qualcomm office. Photo via Shutterstock.

Analyst Color

Long Ideas

Qualcomm Analyst Sees Opportunity In 'Regaining Share With Samsung' After Apple Revenue Squeeze

MASI

Reported Saturday, Masimo And Qualcomm Partner To Launch Next-Generation Smartwatch Platform For OEMs, Expanding Wear OS Capabilities

According to investors and recent financial reports, the technology sector is experiencing broad weakness despite the buzz around artificial intelligence (AI). Many companies are still struggling with <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40767784/nvidia-microsofts-ai-rally-hides-tech-sectors-underlying-weakness-warn-experts-ther" rel="noreferrer noopener">the recession that started in 2022</a>.
Gaming, Streaming Platform &amp; TV
Seven of the gaming industry&#8217;s biggest names—Epic Games, Electronic Arts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>), Roblox Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>), Microsoft Corp.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Activision Blizzard, Mojang Studios,&nbsp;Tencent Holding Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) Supercell, and UbiSoft Entertainment Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/UBSFF#OTC">UBSFF</a>) —are facing new accusations from the European Consumer Organisation (BEUC) of deceiving players into <a target="_blank" href="https://www.benzinga.com/general/gaming/24/09/40843191/epic-ea-ubisoft-face-accusations-of-deceit-over-in-game-purchases-eu-complaint-filed" rel="noreferrer noopener">overspending on&nbsp;in-game purchases</a>.
UbiSoft faces pressure from a minority shareholder to go private following the <a target="_blank" href="https://www.benzinga.com/general/gaming/24/09/40801168/ubisoft-is-mismanaged-shareholders-are-hostages-investor-demands-video-game-company-go-private-aft" rel="noreferrer noopener">release of&nbsp;Star Wars Outlaws</a>.
Martyn Ware, co-founder of the synth-pop band Heaven 17, has publicly rejected an offer from&nbsp;Take-Two Interactive Software, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) Rockstar Games to license the group&#8217;s hit song &#8220;Temptation&#8221; in <a target="_blank" href="https://www.benzinga.com/general/entertainment/24/09/40779329/grand-theft-auto-6-licensing-dispute-martyn-ware-slams-rockstars-extremely-low-7-500-offer" rel="noreferrer noopener">the upcoming&nbsp;Grand Theft Auto 6 (GTA 6)</a>.
Netflix Inc&#8217;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>)&nbsp;mobile gaming catalog has surpassed 210 million downloads, marking a notable milestone in the streaming company&#8217;s <a target="_blank" href="https://www.benzinga.com/general/gaming/24/09/40802898/netflix-games-hit-210m-downloads-which-game-took-the-no-1-spot" rel="noreferrer noopener">expansion into the&nbsp;gaming industry</a>.
Microsoft recent overhaul of Xbox Game Pass has brought significant changes to the subscription service, impacting how gamers access <a target="_blank" href="https://www.benzinga.com/24/09/40840369/microsofts-new-xbox-game-pass-tiers-which-games-will-you-lose" rel="noreferrer noopener">some of the industry&#8217;s&nbsp;anticipated titles</a>.
Pay-TV provider DirecTV lodged a complaint against Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>)&nbsp;with the&nbsp;Federal Communications Commission, accusing <a target="_blank" href="https://www.benzinga.com/general/entertainment/24/09/40765624/disney-accused-of-bad-faith-negotiations-by-directv-in-fcc-complaint-ahead-of-trump-harris-" rel="noreferrer noopener">the mouse house of &#8220;bad faith&#8221; negotiations</a>.
Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40808078/directv-and-disneys-couldnt-even-agree-on-bringing-abc-temporarily-back-for-the-trump-harris-debate" rel="noreferrer noopener">DirecTV And Disney&#8217;s Couldn&#8217;t Even Agree On Bringing ABC Temporarily Back For The Trump-Harris Debate</a>
Smartphones
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) introduced the&nbsp;iPhone 16&nbsp;series, which is &#8220;designed for Apple <a target="_blank" href="https://www.benzinga.com/news/24/09/40780100/apple-intelligence-ready-iphone-16-with-faster-processor-dedicated-camera-button-announced-check-pri" rel="noreferrer noopener">Intelligence from the ground up,&#8221;</a>
The&nbsp;iPhone 16&nbsp;series will be powered by&nbsp;ARM&nbsp;Holdings&#8217; (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) latest chip technology, <a target="_blank" href="https://www.benzinga.com/news/24/09/40766753/iphone-16-to-feature-arms-next-gen-ai-chip-technology-what-you-should-know-about-apples-move" rel="noreferrer noopener">designed to improve AI capabilities</a>.
Related: <a target="_blank" href="https://www.benzinga.com/news/24/09/40767418/iphone-16-series-production-data-unveiled-by-top-apple-analyst-9m-to-16m-units-shipments-for-august" rel="noreferrer noopener">iPhone 16 Series Production Data Unveiled By Top Apple Analyst: 9M To 16M Units Shipments For August And September Expected</a>
Apple&nbsp;has commenced the production of its newly launched iPhone 16 series in India, reflecting <a target="_blank" href="https://www.benzinga.com/news/24/09/40826717/apples-iphone-production-move-to-india-signals-broader-tech-exodus-from-china-with-microsoft-and-ama" rel="noreferrer noopener">a broader trend among tech giants</a>.
Apple unveiled the Apple Watch Series 10, featuring <a target="_blank" href="https://www.benzinga.com/news/24/09/40779019/apple-watch-series-10-announced-with-larger-display-thinner-design" rel="noreferrer noopener">a larger display and thinner design</a>. The company also announced the AirPods 4, with the price starting at $129, while the <a target="_blank" href="https://www.benzinga.com/news/24/09/40779374/apple-announces-airpods-4-with-wireless-charging-along-with-a-new-anc-variant-prices-start-at-129" rel="noreferrer noopener">AirPods 4 ANC is priced at $179</a>.
Apple is reportedly in discussions with&nbsp;Micron, Tata Group and other Indian chip manufacturers to procure <a target="_blank" href="https://www.benzinga.com/news/24/09/40785446/apple-in-talks-with-micron-tata-group-to-secure-india-made-chips-for-locally-made-iphones" rel="noreferrer noopener">semiconductors for its locally-produced&nbsp;</a><a target="_blank" href="https://www.benzinga.com/news/24/09/40785446/apple-in-talks-with-micron-tata-group-to-secure-india-made-chips-for-locally-made-iphones" rel="noreferrer noopener">iPhones</a>.
Chinese tech heavyweight&nbsp;Huawei Technologies&#8217;&nbsp;newest tri-fold smartphone, the&nbsp;Mate XT, attracted 1.3 million orders <a target="_blank" href="https://www.benzinga.com/news/24/09/40765746/apples-iphone-16-launch-parade-on-monday-gets-rained-on-by-huawei-chinese-companys-tri-fold-phone-ge" rel="noreferrer noopener">within seven hours of opening reservations</a>.
Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40765900/apple-watch-ultra-3-announcement-unlikely-at-mondays-glowtime-event-says-top-analyst-i-also-wouldnt" rel="noreferrer noopener">Apple Watch Ultra 3 Announcement Unlikely At Monday&#8217;s &#8216;Glowtime&#8217; Event, Says Top Analyst: &#8216;I Also Wouldn&#8217;t Rule Out…&#8217;</a>
Apple seems to have silently phased out its controversial FineWoven iPhone cases, as they are no longer <a target="_blank" href="https://www.benzinga.com/news/24/09/40809459/apple-quietly-phases-out-categorically-terrible-finewoven-iphone-cases-report" rel="noreferrer noopener">available on the company's website</a>.
Technology
Meta Platforms, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>),&nbsp;Snap&nbsp;Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>), and&nbsp;ByteDance-owned&nbsp;TikTok have announced a joint initiative to combat&nbsp;the spread of <a target="_blank" href="https://www.benzinga.com/news/24/09/40846628/meta-snap-and-tiktok-come-together-to-combat-suicide-and-self-harm-content-online-will-share-signals" rel="noreferrer noopener">suicide and&nbsp;self-harm content online</a>.
In a strategic move to enhance its product offerings,&nbsp;Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) is reportedly contemplating the acquisition of certain <a target="_blank" href="https://www.benzinga.com/news/24/09/40745239/apple-supplier-qualcomm-eyes-intel-units-to-bolster-product-line-report" rel="noreferrer noopener">segments of&nbsp;</a><a target="_blank" href="https://www.benzinga.com/news/24/09/40745239/apple-supplier-qualcomm-eyes-intel-units-to-bolster-product-line-report" rel="noreferrer noopener">Intel Corp. </a><a target="_blank" href="https://www.benzinga.com/news/24/09/40745239/apple-supplier-qualcomm-eyes-intel-units-to-bolster-product-line-report" rel="noreferrer noopener">(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)</a>.
Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) rival&nbsp;Groq&nbsp;announced on Tuesday that it will deploy AI in Saudi Arabia in 2024, in partnership with&nbsp;Aramco Digital, at the ongoing Global <a target="_blank" href="https://www.benzinga.com/news/24/09/40796193/groq-to-deploy-ai-in-saudi-arabia-with-aramco-aims-to-match-2023-microsoft-openai-capacity-by-2025" rel="noreferrer noopener">AI Summit (GAIN) in Riyadh, Saudi Arabia</a>.
Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) subsidiary&nbsp;Google&nbsp;underscored the importance of empowering users with fact-check tools amid the rising use of AI, at the third edition of the Global AI Summit <a target="_blank" href="https://www.benzinga.com/news/24/09/40788721/google-underscores-importance-of-empowering-users-with-fact-check-tools-amid-rising-use-of-ai" rel="noreferrer noopener">(GAIN) in Riyadh, Saudi Arabia</a>.
In response to a global IT outage triggered by a faulty software update,&nbsp;Microsoft has announced <a target="_blank" href="https://www.benzinga.com//node/40791329" rel="noreferrer noopener">plans to host a cybersecurity summit</a>.
Microsoft has reportedly laid off 650 employees in its gaming division, months after the company laid off 1,900 employees following its&nbsp;$68.7 <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40829756/microsoft-cuts-650-xbox-jobs-amid-restructuring-following-activision-blizzard-deal-report" rel="noreferrer noopener">billion acquisition&nbsp;of&nbsp;</a><a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40829756/microsoft-cuts-650-xbox-jobs-amid-restructuring-following-activision-blizzard-deal-report" rel="noreferrer noopener">Activision Blizzard</a>.
Samsung Electronics&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) instructed its global subsidiaries to decrease sales and marketing staff by around 15% <a target="_blank" href="https://www.benzinga.com/news/24/09/40812318/samsung-to-reportedly-slash-global-workforce-by-up-to-30-in-certain-divisions-amid-intense-competiti" rel="noreferrer noopener">and administrative staff by up to 30%</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40826639/mark-zuckerberg-live-event-sold-out-stadium-meta-ceo-attracted-thousands-eager-to-hear-him-speak-on" rel="noreferrer noopener">Mark Zuckerberg Live Event Sold Out Stadium: Meta CEO Attracted Thousands Eager To Hear Him Speak On &#8216;The Next Decade Of Social, Technology, And AI&#8217;</a>
Elon Musk
Tesla&nbsp;and&nbsp;SpaceX&nbsp;CEO&nbsp;Elon Musk&nbsp;has expressed his astonishment at&nbsp;YouTube&#8217;s&nbsp;decision to restrict teenagers&#8217;&nbsp;access <a target="_blank" href="https://www.benzinga.com/news/24/09/40766389/elon-musk-expresses-disbelief-over-youtubes-restriction-on-fitness-videos-for-teens-globally-serious" rel="noreferrer noopener">to certain health and&nbsp;fitness videos</a>.
Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40784773/elon-musk-liked-the-camera-on-iphone-15-but-iphone-16-doesnt-get-much-love-from-the-techno-king-here" rel="noreferrer noopener">Elon Musk Liked The Camera On iPhone 15, But iPhone 16 Doesn&#8217;t Get Much Love From The Techno King: Here&#8217;s What He Said</a>
Musk revealed that Tesla's Dojo 2 supercomputer should be&nbsp;in volume production by the&nbsp;end of 2025. The tech mogul expressed confidence in Dojo's potential but noted that its true capabilities would only be known after the third <a target="_blank" href="https://www.benzinga.com/news/24/09/40787336/elon-musk-reveals-timeline-for-teslas-dojo-supercomputer-upgrade-comparable-to-a-nvidia-b200-type-sy" rel="noreferrer noopener">major iteration, expected in late 2026</a>.
Artificial Intelligence
OpenAI,&nbsp;the AI research lab,&nbsp;has launched a new model, ‘o1', which is the first in a series of "reasoning" models. This model can answer complex questions faster than a human. The company has also introduced a <a target="_blank" href="https://www.benzinga.com/top-stories/24/09/40842891/openai-unveils-o1-model-a-step-closer-to-human-like-ai-but-not-without-flaws" rel="noreferrer noopener">smaller, more affordable version, ‘o1-mini'</a>.
ChatGPT-parent&nbsp;OpenAI&nbsp;is reportedly in discussion to raise $6.5 billion in equity financing, which <a target="_blank" href="https://www.benzinga.com/news/24/09/40825072/openais-valuation-could-skyrocket-to-150b-in-new-fundraising-positioning-it-among-the-worlds-most-va" rel="noreferrer noopener">could&nbsp;bring its valuation&nbsp;to $150 billion</a>.
OpenAI CEO&nbsp;Sam Altman faced backlash from&nbsp;ChatGPT&nbsp;subscribers after he responded to a user's<a target="_blank" href="https://www.benzinga.com/news/24/09/40846309/sam-altman-wants-chatgpt-users-to-have-gratitude-for-magic-intelligence-in-the-sky-after-they-ask-ab" rel="noreferrer noopener"> question about&nbsp;new voice features</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40825968/bipartisan-coalition-of-42-state-ags-urges-congress-to-mandate-surgeon-general-warnings-on-social-me" rel="noreferrer noopener">Bipartisan Coalition Of 42 State AGs Urges Congress To Mandate Surgeon General Warnings On Social Media Apps Like TikTok, X, And Meta&#8217;s Instagram To Address Growing Mental Health Concerns</a>
Google's artificial intelligence model,&nbsp;PaLM2, has come under the radar of Europe's privacy watchdog over concerns <a target="_blank" href="https://www.benzinga.com/news/24/09/40824870/google-ai-model-palm2-under-probe-for-data-regulations-breach-by-european-privacy-watchdog" rel="noreferrer noopener">related to the handling of personal data</a>.
Mark Cuban, the&nbsp;billionaire entrepreneur&nbsp;and&nbsp;part-owner of the&nbsp;Dallas Mavericks, has publicly praised&nbsp;Elon Musk&#8217;s AI chatbot,&nbsp;Grok, to Vice President&nbsp;Kamala Harris&#8217; immigration <a target="_blank" href="https://www.benzinga.com/news/24/09/40767860/mark-cuban-praises-elon-musks-ai-chatbot-grok-for-answering-kamala-harris-pov-on-immigration-i-think" rel="noreferrer noopener">viewpoint, terming it as &#8220;accurate&#8221;</a>.

GOOG

MSFT

RBLX

SNAP

SSNLF

TCEHY

UBSFF

Consumer Tech News (Sep 8-Sep 14): Gaming Industry Biggies Facing Accusations For Decieving Players, Apple Launches iPhone 16 & More

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 3.03% on an annualized basis producing an average annual return of 16.34%. Currently, Qualcomm has a market capitalization of $186.65 billion. 
Buying $1000 In QCOM: If an investor had bought $1000 of QCOM stock 5 years ago, it would be worth $2,149.28 today based on a price of $167.55 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/2024/1726261210_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.

$1000 Invested In This Stock 5 Years Ago Would Be Worth $2,100 Today

ALAB

CRDO

INDI

Maxeon Solar Technologies, Ltd. - Ordinary Shares

MAXN

MKSI

ONTO

SITM

SMTK

Semiconductor shares are trading higher amid possible sympathy with NVIDIA. At the ABC 2024 Presidential Debate, Vice President Harris said she wants to invest in American-based technology to win the race on AI and quantum computing.

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 32 extraordinary options activities for Qualcomm. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 43% leaning bullish and 37% bearish. Among these notable options, 23 are puts, totaling $2,056,485, and 9 are calls, amounting to $457,310.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $125.0 to $210.0 for Qualcomm over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Qualcomm stands at 715.72, with a total volume reaching 3,243.00. 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 $125.0 to $210.0, throughout the last 30 days.
<h3>Qualcomm Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725998427_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>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$34.85</td>
<td>$34.45</td>
<td>$34.73</td>
<td>$185.00</td>
<td>$347.1K</td>
<td>1.4K</td>
<td style="text-align: right;">120</td>
</tr>
<tr>
<td>QCOM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$29.55</td>
<td>$29.0</td>
<td>$29.02</td>
<td>$185.00</td>
<td>$290.2K</td>
<td>2.0K</td>
<td style="text-align: right;">120</td>
</tr>
<tr>
<td>QCOM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$34.8</td>
<td>$34.7</td>
<td>$34.7</td>
<td>$185.00</td>
<td>$208.2K</td>
<td>1.4K</td>
<td style="text-align: right;">180</td>
</tr>
<tr>
<td>QCOM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$3.95</td>
<td>$3.9</td>
<td>$3.9</td>
<td>$157.50</td>
<td>$158.3K</td>
<td>679</td>
<td style="text-align: right;">430</td>
</tr>
<tr>
<td>QCOM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$3.1</td>
<td>$3.05</td>
<td>$3.1</td>
<td>$145.00</td>
<td>$155.0K</td>
<td>1.5K</td>
<td style="text-align: right;">518</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>Current Position of Qualcomm</h3>
<ul>
<li>Currently trading with a volume of 4,834,298, the QCOM's price is up by 0.49%, now at $161.55. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 50 days.</li>
</ul>
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.

Decoding Qualcomm's Options Activity: What's the Big Picture?

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. 
Here's the list of options activity happening in today's session: 
<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>BULLISH</td>
<td>09/13/24</td>
<td>$108.00</td>
<td>$86.9K</td>
<td>10.9K</td>
<td>37.6K</td>
</tr>
<tr>
<td>AAPL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/13/24</td>
<td>$220.00</td>
<td>$48.6K</td>
<td>15.6K</td>
<td>26.9K</td>
</tr>
<tr>
<td>ORCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$135.00</td>
<td>$36.3K</td>
<td>6.7K</td>
<td>3.6K</td>
</tr>
<tr>
<td>CLSK</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/13/24</td>
<td>$8.50</td>
<td>$37.1K</td>
<td>679</td>
<td>3.3K</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/13/24</td>
<td>$410.00</td>
<td>$38.5K</td>
<td>443</td>
<td>3.0K</td>
</tr>
<tr>
<td>CLS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/13/24</td>
<td>$43.00</td>
<td>$80.3K</td>
<td>2.2K</td>
<td>1.9K</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$110.00</td>
<td>$56.1K</td>
<td>19.0K</td>
<td>1.3K</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$120.00</td>
<td>$55.0K</td>
<td>3.6K</td>
<td>920</td>
</tr>
<tr>
<td>TSM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$167.50</td>
<td>$135.0K</td>
<td>1.8K</td>
<td>804</td>
</tr>
<tr>
<td>QCOM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$145.00</td>
<td>$47.4K</td>
<td>2.0K</td>
<td>726</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created 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 bullish sentiment. It expires in 4 day(s) on September 13, 2024. Parties traded 521 contract(s) at a $108.00 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 $86.9K, with a price of $166.0 per contract. There were 10935 open contracts at this strike prior to today, and today 37679 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 bearish sentiment. It expires in 4 day(s) on September 13, 2024. Parties traded 150 contract(s) at a $220.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $48.6K, with a price of $324.0 per contract. There were 15653 open contracts at this strike prior to today, and today 26947 contract(s) were bought and sold. 
• For ORCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), we notice a put option sweep that happens to be bearish, expiring in 11 day(s) on September 20, 2024. This event was a transfer of 143 contract(s) at a $135.00 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 $36.3K, with a price of $254.0 per contract. There were 6744 open contracts at this strike prior to today, and today 3639 contract(s) were bought and sold. 
• For CLSK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>), we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on September 13, 2024. This event was a transfer of 1000 contract(s) at a $8.50 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $37.1K, with a price of $37.0 per contract. There were 679 open contracts at this strike prior to today, and today 3347 contract(s) were bought and sold. 
• For SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we notice a call option trade that happens to be neutral, expiring in 4 day(s) on September 13, 2024. This event was a transfer of 20 contract(s) at a $410.00 strike. The total cost received by the writing party (or parties) was $38.5K, with a price of $1925.0 per contract. There were 443 open contracts at this strike prior to today, and today 3092 contract(s) were bought and sold. 
• For CLS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLS#NYSE">CLS</a>), we notice a put option sweep that happens to be bearish, expiring in 4 day(s) on September 13, 2024. This event was a transfer of 765 contract(s) at a $43.00 strike. This particular put needed to be split into 52 different trades to become filled. The total cost received by the writing party (or parties) was $80.3K, with a price of $105.0 per contract. There were 2231 open contracts at this strike prior to today, and today 1958 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 284 day(s) on June 20, 2025. Parties traded 62 contract(s) at a $110.00 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 $56.1K, with a price of $905.0 per contract. There were 19087 open contracts at this strike prior to today, and today 1389 contract(s) were bought and sold. 
• For DELL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), we notice a call option trade that happens to be bullish, expiring in 39 day(s) on October 18, 2024. This event was a transfer of 250 contract(s) at a $120.00 strike. The total cost received by the writing party (or parties) was $55.0K, with a price of $220.0 per contract. There were 3628 open contracts at this strike prior to today, and today 920 contract(s) were bought and sold. 
• For TSM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), we notice a call option trade that happens to be bullish, expiring in 11 day(s) on September 20, 2024. This event was a transfer of 500 contract(s) at a $167.50 strike. The total cost received by the writing party (or parties) was $135.0K, with a price of $270.0 per contract. There were 1832 open contracts at this strike prior to today, and today 804 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 put option trade with bearish sentiment. It expires in 11 day(s) on September 20, 2024. Parties traded 608 contract(s) at a $145.00 strike. The total cost received by the writing party (or parties) was $47.4K, with a price of $78.0 per contract. There were 2025 open contracts at this strike prior to today, and today 726 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.

CLSK

DELL

ORCL

SMCI

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

Editor&#8217;s Note: The article has been updated with Intel&#8217;s response.
In a strategic move to enhance its product offerings, Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) is reportedly contemplating the acquisition of certain segments of Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), according to insider sources.
What Happened: Qualcomm has been reportedly investigating the potential purchase of sections of Intel&#8217;s design business, Reuters reported on Friday. This is seen as a strategic move to strengthen Qualcomm&#8217;s product portfolio. Intel, currently grappling with cash generation issues, is considering divesting business units and selling other assets.
Qualcomm has shown particular interest in Intel's client PC design business, but is also considering other design units of the company. However, other Intel segments, such as the server segment, are less likely to be acquired by Qualcomm, according to another source familiar with Qualcomm&#8217;s operations.
Despite these explorations, Qualcomm has not yet approached Intel about a potential acquisition. An intel spokesperson clarified to Reuters that the team remains &#8220;deeply committed&#8221; to their PC business.
See Also: <a href="https://www.benzinga.com/news/24/09/40678873/cathie-wood-congratulates-elon-musk-on-xai-milestone-after-ai-firm-brings-100k-nvidia-gpu-colossus-c?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Cathie Wood Congratulates Elon Musk On xAI Milestone After AI Firm Brings 100K Nvidia GPU Colossus Cluster Online In Just 122 Days: &#8216;Many Big Announcements Ahead&#8217;</a>
Qualcomm, a $184 billion company known for its smartphone chips and a key supplier to Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), has been strategizing the purchase of Intel units for several months. However, these plans are not yet finalized and could change, the sources said.
Intel, which recently reported a challenging second quarter including a 15% staff reduction and a halt on dividend payments, is set to meet next week to discuss potential operational trims to save cash.
Intel declined to &#8220;comment on other companies&#8221; and added that the company is &#8220;deeply committed&#8221; to their business which includes their PC category. Qualcomm have yet to respond to Benzinga&#8217;s queries.
Why It Matters: This potential acquisition comes in the wake of a heated debate ignited by the launch of Microsoft Corp&#8217;s first laptop running on Qualcomm&#8217;s ARM-based microprocessor. The debate among<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/05/38993201/traders-weigh-in-on-qualcomm-vs-amd-vs-intel-as-microsoft-embraces-arm"> tech enthusiasts and investors</a> on Reddit has been focusing on the competitive dynamics between Qualcomm, AMD, and Intel.
Furthermore, <a href="https://www.benzinga.com/news/24/06/39137795/qualcomm-promises-new-chips-will-power-unprecedented-pc-battery-life">Qualcomm recently promised</a> that its new chips will power unprecedented battery life for AI PCs, a move that could be bolstered by the acquisition of Intel&#8217;s design units.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40722123/openai-co-founder-ilya-sutskevers-ai-startup-raises-1b-from-andreessen-horowitz-sequoia-as-sam-altma?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">OpenAI Co-Founder Ilya Sutskever&#8217;s AI Startup Raises $1B From Andreessen Horowitz, Sequoia As Sam Altman-Led Company Faces Exodus</a></li>
</ul>
Image via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Apple Supplier Qualcomm Eyes Intel Units To Bolster Product Line: Report (UPDATED)

Qualcomm's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NYSE">QCOM</a>) short percent of float has risen 6.25% since its last report. The company recently reported that it has 30.22 million shares sold short, which is 2.72% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.88 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Qualcomm Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725894916_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Qualcomm has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Qualcomm's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Qualcomm's peer group average for short interest as a percentage of float is 5.51%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into Qualcomm's Recent Short Interest

PRKR

ParkerVision Earlier Announced United States Court Of Appeals For The Federal Circuit Overturned District Court, Sending ParkerVision v Qualcomm Back To Florida For Trial

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>09/13/24</td>
<td>$105.00</td>
<td>$26.8K</td>
<td>4.6K</td>
<td>49.8K</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/13/24</td>
<td>$120.00</td>
<td>$35.1K</td>
<td>1.6K</td>
<td>21.9K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/13/24</td>
<td>$227.50</td>
<td>$43.7K</td>
<td>10.9K</td>
<td>7.3K</td>
</tr>
<tr>
<td>DOCN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$37.50</td>
<td>$33.3K</td>
<td>897</td>
<td>3.8K</td>
</tr>
<tr>
<td>AI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/13/24</td>
<td>$21.00</td>
<td>$35.0K</td>
<td>656</td>
<td>2.5K</td>
</tr>
<tr>
<td>QCOM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/06/24</td>
<td>$160.00</td>
<td>$30.2K</td>
<td>1.9K</td>
<td>2.1K</td>
</tr>
<tr>
<td>ORCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/13/24</td>
<td>$140.00</td>
<td>$25.2K</td>
<td>1.0K</td>
<td>1.2K</td>
</tr>
<tr>
<td>ON</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>03/21/25</td>
<td>$60.00</td>
<td>$26.2K</td>
<td>15</td>
<td>1.0K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$31.00</td>
<td>$138.6K</td>
<td>6.0K</td>
<td>704</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$128.00</td>
<td>$26.2K</td>
<td>930</td>
<td>607</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 7 day(s) on September 13, 2024. Parties traded 112 contract(s) at a $105.00 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 $26.8K, with a price of $240.0 per contract. There were 4670 open contracts at this strike prior to today, and today 49821 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 put option sweep that happens to be neutral, expiring in 7 day(s) on September 13, 2024. This event was a transfer of 652 contract(s) at a $120.00 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 $35.1K, with a price of $54.0 per contract. There were 1660 open contracts at this strike prior to today, and today 21988 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 trade with bullish sentiment. It expires in 7 day(s) on September 13, 2024. Parties traded 250 contract(s) at a $227.50 strike. The total cost received by the writing party (or parties) was $43.7K, with a price of $175.0 per contract. There were 10957 open contracts at this strike prior to today, and today 7387 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 sweep that happens to be bullish, expiring in 42 day(s) on October 18, 2024. This event was a transfer of 145 contract(s) at a $37.50 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $33.3K, with a price of $230.0 per contract. There were 897 open contracts at this strike prior to today, and today 3857 contract(s) were bought and sold. 
• Regarding AI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AI#NYSE">AI</a>), we observe a put option sweep with bearish sentiment. It expires in 7 day(s) on September 13, 2024. Parties traded 500 contract(s) at a $21.00 strike. This particular put needed to be split into 38 different trades to become filled. The total cost received by the writing party (or parties) was $35.0K, with a price of $70.0 per contract. There were 656 open contracts at this strike prior to today, and today 2593 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 sweep that happens to be bullish, is expiring today. Parties traded 179 contract(s) at a $160.00 strike. This particular put needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $30.2K, with a price of $169.0 per contract. There were 1915 open contracts at this strike prior to today, and today 2159 contract(s) were bought and sold. 
• For ORCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), we notice a put option sweep that happens to be bearish, expiring in 7 day(s) on September 13, 2024. This event was a transfer of 49 contract(s) at a $140.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $25.2K, with a price of $515.0 per contract. There were 1005 open contracts at this strike prior to today, and today 1282 contract(s) were bought and sold. 
• Regarding ON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>), we observe a put option trade with neutral sentiment. It expires in 196 day(s) on March 21, 2025. Parties traded 50 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $26.2K, with a price of $525.0 per contract. There were 15 open contracts at this strike prior to today, and today 1091 contract(s) were bought and sold. 
• For PLTR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), we notice a call option sweep that happens to be bearish, expiring in 70 day(s) on November 15, 2024. This event was a transfer of 467 contract(s) at a $31.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $138.6K, with a price of $297.0 per contract. There were 6084 open contracts at this strike prior to today, and today 704 contract(s) were bought and sold. 
• Regarding MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we observe a call option trade with bearish sentiment. It expires in 14 day(s) on September 20, 2024. Parties traded 75 contract(s) at a $128.00 strike. The total cost received by the writing party (or parties) was $26.2K, with a price of $350.0 per contract. There were 930 open contracts at this strike prior to today, and today 607 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.

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Shares of semiconductor, hardware and AI-linked companies are trading lower as the sector continues to pull back. Chip stocks may also be down in sympathy with Broadcom, which fell after reporting earnings.

In the ever-evolving and intensely competitive business landscape, conducting a thorough company analysis is of utmost importance for investors and industry followers. In this article, we will carry out an in-depth industry comparison, assessing Qualcomm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) alongside its primary competitors in the Semiconductors &amp; Semiconductor Equipment industry. By meticulously examining key financial metrics, market positioning, and growth prospects, we aim to offer valuable insights to investors and shed light on company's performance within the industry.
<h3>Qualcomm Background</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.
<table>
<thead>
<tr>
<th>Company</th>
<th>P/E</th>
<th>P/B</th>
<th>P/S</th>
<th>ROE</th>
<th>EBITDA (in billions)</th>
<th>Gross Profit (in billions)</th>
<th>Revenue Growth</th>
</tr>
</thead>
<tbody>
<tr>
<td>Qualcomm Inc</td>
<td>20.93</td>
<td>7.39</td>
<td>4.95</td>
<td>8.67%</td>
<td>$2.87</td>
<td>$5.22</td>
<td>11.15%</td>
</tr>
<tr>
<td>NVIDIA Corp</td>
<td>50.28</td>
<td>45.23</td>
<td>27.73</td>
<td>30.94%</td>
<td>$19.71</td>
<td>$22.57</td>
<td>122.4%</td>
</tr>
<tr>
<td>Taiwan Semiconductor Manufacturing Co Ltd</td>
<td>29.02</td>
<td>7.17</td>
<td>11.15</td>
<td>6.67%</td>
<td>$474.12</td>
<td>$358.12</td>
<td>40.07%</td>
</tr>
<tr>
<td>Broadcom Inc</td>
<td>123.74</td>
<td>10.84</td>
<td>15.14</td>
<td>3.02%</td>
<td>$5.58</td>
<td>$7.78</td>
<td>42.99%</td>
</tr>
<tr>
<td>Advanced Micro Devices Inc</td>
<td>166.01</td>
<td>3.99</td>
<td>9.81</td>
<td>0.47%</td>
<td>$1.12</td>
<td>$2.86</td>
<td>8.88%</td>
</tr>
<tr>
<td>Texas Instruments Inc</td>
<td>34.94</td>
<td>10.69</td>
<td>11.49</td>
<td>6.59%</td>
<td>$1.76</td>
<td>$2.21</td>
<td>-15.65%</td>
</tr>
<tr>
<td>ARM Holdings PLC</td>
<td>304.44</td>
<td>22.79</td>
<td>36.91</td>
<td>4.07%</td>
<td>$0.23</td>
<td>$0.91</td>
<td>39.11%</td>
</tr>
<tr>
<td>Analog Devices Inc</td>
<td>65.98</td>
<td>3.09</td>
<td>11.27</td>
<td>1.11%</td>
<td>$1.04</td>
<td>$1.31</td>
<td>-24.84%</td>
</tr>
<tr>
<td>Intel Corp</td>
<td>80.83</td>
<td>0.72</td>
<td>1.50</td>
<td>-1.46%</td>
<td>$0.86</td>
<td>$4.55</td>
<td>-0.9%</td>
</tr>
<tr>
<td>Microchip Technology Inc</td>
<td>30.58</td>
<td>6.43</td>
<td>6.36</td>
<td>1.98%</td>
<td>$0.41</td>
<td>$0.74</td>
<td>-45.76%</td>
</tr>
<tr>
<td>Monolithic Power Systems Inc</td>
<td>100.28</td>
<td>18.70</td>
<td>21.74</td>
<td>4.66%</td>
<td>$0.13</td>
<td>$0.28</td>
<td>15.03%</td>
</tr>
<tr>
<td>ON Semiconductor Corp</td>
<td>16.01</td>
<td>3.61</td>
<td>3.97</td>
<td>4.11%</td>
<td>$0.58</td>
<td>$0.78</td>
<td>-17.15%</td>
</tr>
<tr>
<td>STMicroelectronics NV</td>
<td>7.76</td>
<td>1.49</td>
<td>1.81</td>
<td>3.51%</td>
<td>$1.31</td>
<td>$1.15</td>
<td>-25.29%</td>
</tr>
<tr>
<td>First Solar Inc</td>
<td>19.18</td>
<td>3.17</td>
<td>6.13</td>
<td>4.94%</td>
<td>$0.48</td>
<td>$0.5</td>
<td>24.65%</td>
</tr>
<tr>
<td>GLOBALFOUNDRIES Inc</td>
<td>28.28</td>
<td>2.02</td>
<td>3.34</td>
<td>1.38%</td>
<td>$0.56</td>
<td>$0.4</td>
<td>-11.54%</td>
</tr>
<tr>
<td>United Microelectronics Corp</td>
<td>12.84</td>
<td>1.91</td>
<td>3</td>
<td>3.76%</td>
<td>$27.9</td>
<td>$19.98</td>
<td>0.89%</td>
</tr>
<tr>
<td>ASE Technology Holding Co Ltd</td>
<td>18.51</td>
<td>2.11</td>
<td>1.10</td>
<td>2.62%</td>
<td>$26.08</td>
<td>$23.07</td>
<td>2.91%</td>
</tr>
<tr>
<td>Skyworks Solutions Inc</td>
<td>20.95</td>
<td>2.56</td>
<td>3.74</td>
<td>1.9%</td>
<td>$0.25</td>
<td>$0.36</td>
<td>-15.47%</td>
</tr>
<tr>
<td>Universal Display Corp</td>
<td>40.20</td>
<td>5.82</td>
<td>14.32</td>
<td>3.47%</td>
<td>$0.07</td>
<td>$0.12</td>
<td>8.15%</td>
</tr>
<tr>
<td>Cirrus Logic Inc</td>
<td>25.71</td>
<td>4</td>
<td>4.18</td>
<td>2.3%</td>
<td>$0.07</td>
<td>$0.19</td>
<td>17.98%</td>
</tr>
<tr>
<td>MACOM Technology Solutions Holdings Inc</td>
<td>100.06</td>
<td>6.62</td>
<td>10.63</td>
<td>1.88%</td>
<td>$0.04</td>
<td>$0.1</td>
<td>28.25%</td>
</tr>
<tr>
<td>Lattice Semiconductor Corp</td>
<td>31.54</td>
<td>8.46</td>
<td>9.50</td>
<td>3.28%</td>
<td>$0.04</td>
<td>$0.08</td>
<td>-34.72%</td>
</tr>
<tr>
<td>Average</td>
<td>62.24</td>
<td>8.16</td>
<td>10.23</td>
<td>4.34%</td>
<td>$26.78</td>
<td>$21.34</td>
<td>7.62%</td>
</tr>
</tbody>
</table>
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 </style>By conducting a comprehensive analysis of Qualcomm, the following trends become evident: 
<ul>
<li>
With a Price to Earnings ratio of 20.93, which is 0.34x less than the industry average, the stock shows potential for growth at a reasonable price, making it an interesting consideration for market participants.
</li>
<li>
The current Price to Book ratio of 7.39, which is 0.91x the industry average, is substantially lower than the industry average, indicating potential undervaluation.
</li>
<li>
Based on its sales performance, the stock could be deemed undervalued with a Price to Sales ratio of 4.95, which is 0.48x the industry average.
</li>
<li>
The Return on Equity (ROE) of 8.67% is 4.33% above the industry average, highlighting efficient use of equity to generate profits.
</li>
<li>
The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of $2.87 Billion is 0.11x below the industry average, suggesting potential lower profitability or financial challenges.
</li>
<li>
With lower gross profit of $5.22 Billion, which indicates 0.24x below the industry average, the company may experience lower revenue after accounting for production costs.
</li>
<li>
The company's revenue growth of 11.15% exceeds the industry average of 7.62%, indicating strong sales performance and market outperformance.
</li>
</ul>
<h3>Debt To Equity Ratio</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725634849_0.png" alt="debt to equity" />
The debt-to-equity (D/E) ratio is a measure that indicates the level of debt a company has taken on relative to the value of its assets net of liabilities.
Considering the debt-to-equity ratio in industry comparisons allows for a concise evaluation of a company's financial health and risk profile, aiding in informed decision-making.
By considering the Debt-to-Equity ratio, Qualcomm can be compared to its top 4 peers, leading to the following observations:
<ul>
<li>
In the context of the debt-to-equity ratio, Qualcomm holds a middle position among its top 4 peers.
</li>
<li>
This indicates a moderate level of debt relative to its equity with a debt-to-equity ratio of 0.59, which implies a relatively balanced financial structure with a reasonable debt-equity mix.
</li>
</ul>
<h3>Key Takeaways</h3>
For Qualcomm, the PE, PB, and PS ratios are all low compared to industry peers, indicating potential undervaluation. On the other hand, Qualcomm's high ROE and revenue growth, along with low EBITDA and gross profit, suggest strong profitability and growth prospects relative to competitors in the Semiconductors &amp; Semiconductor Equipment industry.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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