Summary: Qualcomm is a multinational technology company and one of the global leaders in the production of semiconductors and telecommunications. This guide will detail step-by-step instructions on how to buy Qualcomm stock using an online investing platform like eToro.
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About Qualcomm
About
Founded in 1985 in San Diego, California, Qualcomm is known for its tremendous contributions to mobile communication technologies, notably the Snapdragon system-on-chip series with widespread application in smartphones. Furthermore, Qualcomm has developed and works on 5G technology, wireless communication, and Internet of Things solutions. It holds patents vital to mobile communications standards, such as the 5G, 4G, CDMA200, TD-SCDMA, and WCDMA.
Qualcomm plays an integral role in furthering mobile connectivity research and production by providing a diverse range of products and devices. It has left a substantial impact on the telecoms industry and the digital sector as a whole.
The company is trading on the Nasdaq under the ticker QCOM. It constitutes both the Nasdaq-100 index and the S&P 100 indices.
Additional investing
How to buy Qualcomm stock: step-by-step
Using a regulated online brokerage, investors can buy Qualcomm stock on the Nasdaq exchange under the ticker QCOM in several minutes. Follow these steps to invest in Qualcomm:
Step 1: Choose a broker
To buy Qualcomm stock, investors must first secure access to the stock market by simply using a third-party investing service. The most straightforward method is an online brokerage.
To securely buy Qualcomm stock, we recommend you consider eToro:
- Commission-free stock and ETF trading;
- 2,000+ stocks from 17 exchanges;
- Fractional shares available;
- User-friendly platform.
Highly Rated Stock Trading & Investing Platform
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Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
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0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
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Copy top-performing traders in real time, automatically.
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eToro USA is registered with FINRA for securities trading.
Step 2: Open and fund your account
After deciding on an investing platform, you should create and verify your account. Shortly after registering, the broker should email you the precise instructions.
Once you conclude profile verification, you should prepare to buy Qualcomm stock by transferring money into your account. Commonly available funding methods include bank transfers, debit or credit cards, and transaction services like PayPal.
Step 3: Decide how much you want to spend on buying Qualcomm stock
Defining the limits of your budget prior to buying Qualcomm stock is vital to success. Spending within the budget limits on this investment should protect you from the most dangerous financial outcomes. To enable a stable and safe investment, make sure you have done the following:
- Paid off all high-interest debt, such as credit cards and personal loans;
- Created an emergency fund that covers at least three months of daily life expenses.
Remember
Step 4: Place your order and buy Qualcomm stock
The next step is to place an order and purchase shares in Qualcomm. Go through the following:
- Step 1: Log into your account and navigate to Qualcomm’s ticker symbol, QCOM;
- Step 2: Type in the amount or the number of Qualcomm shares you wish to purchase;
- Step 3: Select the order type (market order or limit order) and place it;
- Step 4: Confirm the trade order.
Step 5: Monitor and manage your investment
Whenever you invest in individual stocks, you should be ready to monitor and manage your portfolio regularly. For increased odds of the best outcome, investors should also track the ongoing market trends and frequently renew their information on Qualcomm and the global chipset industry’s overall performance.
Remember
QCOM stock price today
Pros and cons of buying Qualcomm stock
Pros
- Diversification between technologies: Beyond semiconductors and chipsets, Qualcomm deals in various technologies such as 5G, Internet of Things (IoT), and automotive solutions. This level of diversification mitigates risk for those with the intent to buy Qualcomm stock;
- Dominant mobile tech company: Qualcomm is among the leaders in mobile chipsets, especially with its Snapdragon processors, holding a significant portion of the market in the smartphone industry;
- Research and development: The company invests heavily in research and development, increasing the odds of remaining at the helm of technological advancements. Being ahead is crucial in the fast-paced semiconductors and technology industries;
- Patent portfolio: Qualcomm has a broad patent portfolio in wireless technologies, creating revenue through licensing agreements with other companies to ensure the stability of its income.
Cons
- Competition: The semiconductor sector is fiercely competitive, with other large companies and emerging players striving to develop more advanced technologies. Increased competition can impact Qualcomm’s market share and pricing power;
- Dependency on the smartphone industry: Qualcomm’s financial performance is bound to the status of the smartphone market. A potential decline in the smartphone industry could jeopardize its status;
- Legal challenges: Qualcomm faced legal challenges regarding its licensing practices in the past, resulting in fines and disputes. Further potential legal problems might affect the company’s financials and reputation.
- Dependency on China: A sizeable portion of Qualcomm’s revenue comes from China, exposing the company to potential regional geopolitical and regulatory risks.
Consider investing in additional semiconductor industry stocks
Common mistakes to avoid when buying Qualcomm stock
Make sure to avoid these common investing mistakes:
- Lack of research: Research Qualcomm and its stock in detail, along with the market state of the semiconductor industry, before investing;
- Lack of strategy: Set your goals before you spend any money;
- Staking everything on one asset: Always diversify your portfolio;
- Falling prey to scams: Avoid illegal platforms and suspicious deals.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy Qualcomm stock
Where is Qualcomm's stock listed?
Qualcomm is trading on the Nasdaq under the ticker QCOM.
How do I buy Qualcomm stock?
You can purchase shares in Qualcomm by using the services of an online brokerage like eToro.
Should I invest in Qualcomm?
Whether to invest in Qualcomm or not depends on your preferences, QCOM stock price predictions, and the current environment of the semiconductor market. Research Qualcomm and discover the relevant information before investing.
Does Qualcomm stock pay dividends?
Qualcomm stock has a long and stable tradition of paying dividends, with a dividend yield of 2.23% as of December 2023.
Is investing in Qualcomm safe?
By doing your own research, making sound investing decisions, and using a regulated brokerage like eToro, you maximize the safety and success chance of your investment.
What is Qualcomm share price forecast for 2025 based on its current growth rate?
The long-term Compound Annual Growth Rate (CAGR) for Qualcomm over the last five years is 8.7% as of November 24, 2023. Assuming Qualcomm continues to grow at a CAGR of 8.7%, the expected stock price in 2025, starting from the current price of $127.99, would be approximately $151.23. Keep in mind that this is a simplified projection, and actual future stock prices may vary due to a multitude of factors.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
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eToro USA is registered with FINRA for securities trading.
