Qualcomm Reaches New 52-Week High (QCOM)
NEW YORK (
) --
(Nasdaq:
) hit a new 52-week high Thursday as it is currently trading at $61.87, above its previous 52-week high of $59.84 with 5.7 million shares traded as of 9:35 a.m. ET. Average volume has been 13.8 million shares over the past 30 days.
Qualcomm has a market cap of $99.03 billion and is part of the
sector and
industry. Shares are up 8.9% year to date as of the close of trading on Wednesday.
QUALCOMM Incorporated designs, develops, manufactures, and markets digital telecommunications products and services. The company has a P/E ratio of 21.8, below the average telecommunications industry P/E ratio of 23.3 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Qualcomm as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and growth in earnings per share. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full
.
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