Is Qualcomm shares ready for penetration?

shares Qualcomm Inc. Nasdak: qcom It was closed at $ 160 on Tuesday night, as it hovers again above the main support level of about $ 150. This area has worked as a platform for a share technology several times since last summer, and it seems that it may do it again. Each post tested this level during the past year, wore higher.

This type of frequent support, especially when it carries a firm through the volatile markets, tends to attract institutional interests. It is a sign that the sellers have exhausted themselves and buyers ready to enter. With the transformation of technical momentum and a wave of building upward feelings, Qualcomm began to appear as if they were tightly wrapped, ready to go out.

Qualcomm basics quietly admired

Qualcomm may not release the largest number of headlines Nvidia Corp Nasdak: nvda or Advanced Micro Devices Inc Nasdak: AMDBut her financial performance was constantly strong. For several quarters, the company has achieved strong profits results that exceeded expectations for both revenues and EPS.

Qualcomm has deliberately pushed to diversify away from smartphones, intense in car chips, and the edge and processors driven by AI. These parts not only grow; They help in stabilizing profits, even as the demand for mobile devices.

The division of cars, in particular, acquires strength. The Qualcomm vehicle’s vehicle revenue is expected to grow steadily in the coming years, as it put it as one of the main suppliers in space. Meanwhile, its chips that focus on artificial intelligence designed for inference and edge devices are well to take advantage of the wider consumer and industrial adoption trends.

Qualcomm evaluation adds more fuel

You often find a semiconductor company with consistent performance, long -term growth capabilities and the price rate to profits from only 17 years. But this is the place where Qualcomm sits today.

Compare this by NVIDIA PE, or AMD’s 114, and it is clear that Qualcomm provides a rare value in a sector with high Sky complications. While NVIDIA and AMD definitely imagine installment assessments due to its dominance in the units of graphics processing and infrastructure of Amnesty International, Qualcomm’s low complications, associated with strong basics, make them prominent for value -real investors.

At current levels, Qualcomm looks less than its value, and the evaluation gap alone can serve as an incentive to rotate in stocks while restoring the broader technological morale.

Analysts began talking about Qualcomm

It is also worth noting the fact that Wall Street did not miss the bullish preparation. Benchmark repeated the buying rating last month, along with a $ 240 price goal, which, since the end of Tuesday night of $ 160, means 50 %.

Analysts in all fields referred to the flexible business model in Qualcomm and the expansion of the exposure of the final markets as major reasons for survival. There is an increasing recognition that Qualcomm’s diversification efforts have begun to bear fruit and that the market may be very fast in its ascending opponent. With the attention that still focuses on the names of the huge gains in the area of ​​the chips, the Qualcomm collapse can convert some heads.

The technical Qualcomm is in line with the upscale issue

The technical background also turns into increased support. The Qualcomm Relative Power Index increases from previously excessive sales levels, and it is now sitting comfortably in the direction of ascension. More importantly, MACD has just completed the first rise in the months. This is often one of the most reliable technical signals to reflect the direction, especially when confirming it through strong reservation.

The level of $ 150 has now been tested several times, and each test has been met with a purchase pressure. Besides the positive MACD momentum and the improvement of RSI, this creates an environment as the collapse above the last altitudes becomes a very real possibility.

Evil at Qualcomm stocks

Qualcomm may not have a stir of artificial intelligence for some of its peers, but its case for the collapse is rooted with solid power. The basics are strong, the evaluation is attractive, and technical preparation is increasingly ignoring it.

For investors who want to be exposed to the chips sector without paying honest complications, this may be one of the best opportunities in the market now. If a level of $ 150 persists, all signs indicate that it will, Qualcomm can prepare for its next leg.

Before you think about Qualcomm, you will want to hear this.

Marketbeat follows the best research analyst at Wall Street, the best performance in Wall Street and the stocks they recommend to their customers on a daily basis. Marketbeat has identified the five shares whom the top analysts quietly whispered to their customers to buy now before hunting the broader market … Koalalum was not in the list.

While Qualcomm currently has a moderate purchase classification between analysts, analysts from the top rankings believe that these five stocks buy better.

Show the five stocks here

Enter your email address and we will send you the Marketbeat menu that includes seven shares and why their long -term expectations are very promising.

Get this free report

Such an article? Share it with a colleague.

Copy to the portfolio.