|Bid||108.70 x 1100|
|Ask||109.62 x 1000|
|Day's range||107.43 - 110.81|
|52-week range||101.47 - 139.94|
|Beta (5Y monthly)||1.25|
|PE ratio (TTM)||14.29|
|Earnings date||31 Oct 2023 - 06 Nov 2023|
|Forward dividend & yield||3.20 (2.93%)|
|Ex-dividend date||30 Aug 2023|
|1y target est||134.95|
Qualcomm (QCOM) closed at $109.20 in the latest trading session, marking a -0.47% move from the prior day.
US chip-major Qualcomm (NASDAQ:QCOM) has refuted claims of shutting down its research and development (R&D) facility in Shanghai, China, despite admitting to plans for downsizing due to economic uncertainties and wavering demand. The company clarified its position on Monday, emphasizing that there are no plans for large-scale job cuts at the Shanghai facility, which employs nearly 393 employees.
Qualcomm (NASDAQ:QCOM), the American semiconductor giant, is set to reduce its workforce at its research and development (R&D) facility in Shanghai, China, as it navigates a challenging period marked by ongoing technology tensions between the US and China, as well as a slump in smartphone sales. The planned downsizing measures are expected to be implemented primarily in the fiscal fourth quarter, according to Chinese news service Yicai Global on Monday.