Why Qualcomm, ASML Holding, and Taiwan Semi Stocks Popped Today
It's Thursday, and semiconductor stocks are on the move again. As of 10:45 a.m. ET, investors in the chips industry are seeing mobile chips leader (NASDAQ: QCOM) stock score a 3.6% gain after "beating" on earnings last night.
Meanwhile, semiconductor equipment maker ASML Holding (NASDAQ: ASML) is adding 4.1% and contract chips manufacturer Taiwan Semiconductor Manufacturing Company (NYSE: TSM) is tacking on 2.6%, in response both to positive news on semiconductors in general and to Qualcomm's bullish report in particular.
Let's start with Qualcomm. Heading into last night's Q4 2023 report, analysts had forecast Qualcomm would earn $1.92 per share (after backing out one-time items) on sales of $8.5 billion. In fact, though, Qualcomm earned an adjusted $2.02 per share, and its sales approached $8.7 billion.
Source Fool.com
Qualcomm Inc. Stock
The stock is one of the favorites of our community with 36 Buy predictions and 1 Sell predictions.
With a target price of 172 € there is a slightly positive potential of 3.07% for Qualcomm Inc. compared to the current price of 166.88 €.
