Flick through these two Nasdaq 100 stocks

2 min read | January 20, 2023 03:20 AM PST | By Mridul Gogoi

Highlights:

  • Qualcomm has a dividend yield of 2.458 per cent.
  • Applied Materials posted US$ 5.40 billion in cash from operations in Q4 2022.
  • AMAT stock jumped 12.65 per cent YTD.

The Nasdaq 100 company range from the largest to the smallest and comprises mainly technology companies but also companies from other sectors. The index is often seen as the reference point to gauge the health of the technology sector. The largest twenty companies occupy most of the chunk in the Nasdaq 100 index.

However, the volatility in 2022 also greatly impacted the companies in the index. Let’s dive into two Nasdaq 100 companies and see their performances in recent quarters:

QUALCOMM Incorporated (NASDAQ:QCOM)

Qualcomm is a leading wireless technology company that is primarily behind the proliferation of 5G. The company designs chips for smartphones apart from developing and licensing wireless technology. It has a dividend yield of 2.458 per cent and a three-year dividend growth of 4.73.

In the fourth quarter of 2022, Qualcomm clocked revenue of US$ 10,936 million compared to US$ 8,060 million in the same period in 2021.

Meanwhile, Qualcomm's net income in the reported quarter in 2022 was US$ 3,730 million versus US$ 2,027 million in the year-ago quarter. The basic earnings per share in Q4 2022 was US$ 3.32 compared to US$ 1.8 in Q4 2021.

The company has an EPS of 11.37 and a P/E ratio of 10.60. The QCOM stock gained 11 per cent YTD.

Qualcomm Q4 revenue and net incomeSource: ©2023 Krish Capital Pty. Ltd; © Canva Creative Studio via Canva.com

Applied Materials Inc. (NASDAQ:AMAT)

Applied Materials is a market leader in supplying materials for manufacturing semiconductors globally. The company also offers engineering solutions helping enterprises to make every chip in the world. Applied Materials paid a quarterly dividend of US$ 0.26 with a dividend yield of 0.948 per cent.

In the fourth quarter of 2022, Applied Materials achieved US$ 857 million in cash from operations and returned US$ 1.72 billion to shareholders of which US$ 1.5 billion was through share repurchases and US$ 223 million in dividends.

The net sales amounted to US$ 6,749 million in Q4 2022, up 10 per cent year-over-year (YoY). The net income of Applied Materials in Q4 2022 was US$ 1,591 million versus US$ 1,712 million in Q4 2021. The AMAT stock jumped 12.65 per cent YTD.

Bottom line

To protect your portfolio in a volatile market, stay calm and remain well-informed about what is happening. You can look for the longer term and wait for the market to return to normal.


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