Loop Capital Confirms Hold Rating on QUALCOMM Amid Increasing Institutional Interest
On November 11, 2024, Loop Capital began coverage of QUALCOMM (WBAG:QCOM) with a Hold recommendation.
Institutional Ownership Trends
Currently, 4,161 funds and institutions hold positions in QUALCOMM, marking an increase of 85 new owners, or 2.09%, in the past quarter. The average fund allocation to QCOM now stands at 0.65%, up by 2.27%. Overall, total shares owned by institutions rose by 2.93% over the last three months, reaching 950,664K shares.
The Vanguard Total Stock Market Index Fund Investor Shares (VTSMX) now owns 35,262K shares, which is a 3.17% ownership stake in QUALCOMM. This reflects an increase from 35,071K shares reported previously, highlighting a 0.54% growth. VTSMX boosted its portfolio allocation by 15.03% last quarter.
The Vanguard 500 Index Fund Investor Shares (VFINX) holds 28,694K shares, representing 2.58% ownership. Previously, this firm reported holding 28,124K shares, experiencing a 1.99% increase. VFINX raised its allocation in QCOM by 13.63% in the last quarter.
Geode Capital Management now possesses 27,128K shares, making up 2.44% of the company. This is up from 25,139K shares, which signifies a 7.33% increase; however, they reduced their QCOM allocation by 55.49% over the quarter.
Invesco QQQ Trust, Series 1, holds 21,494K shares for a 1.93% ownership. In their previous filing, they had reported 20,919K shares, showing an increase of 2.68%. Their portfolio allocation in QCOM grew by 8.82% last quarter.
Norges Bank made a significant move, now holding 18,255K shares, which represents 1.64% ownership. Previously, they had no reported shares, indicating a 100.00% increase in their holdings.
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