Loop Capital Initiates Coverage of QUALCOMM with a Hold Recommendation
On November 11, 2024, Loop Capital began its coverage of QUALCOMM (SNSE:QCOMCL), recommending a Hold rating for investors.
Current Institutional Sentiment Around QUALCOMM
A total of 4,161 funds now report holding positions in QUALCOMM. This marks an increase of 85 funds, or 2.09%, in the last quarter. The average portfolio weight for all funds invested in QCOMCL is 0.65%, reflecting a rise of 2.27%. Institutions collectively increased their shares by 2.93% in the past three months, bringing the total to 950,664K shares owned.
The Vanguard Total Stock Market Index Fund Investor Shares (VTSMX) holds 35,262K shares, giving it a 3.17% stake in QUALCOMM. This is up from 35,071K shares reported previously, indicating an increase of 0.54%. VTSMX has raised its portfolio allocation in QCOMCL by 15.03% over the last quarter.
The Vanguard 500 Index Fund Investor Shares (VFINX) owns 28,694K shares, which represents 2.58% of the company. Previously, it reported 28,124K shares, marking a 1.99% increase. The allocation in QCOMCL was raised by 13.63% in the last quarter.
Geode Capital Management holds 27,128K shares for a 2.44% ownership stake. Their previous holdings were 25,139K shares, reflecting a 7.33% increase. However, they reduced their portfolio allocation in QCOMCL by 55.49% during the last quarter.
The Invesco QQQ Trust, Series 1, currently holds 21,494K shares, representing 1.93% ownership. This is an increase from their prior 20,919K shares, showing a 2.68% rise. They have upped their portfolio allocation in QCOMCL by 8.82% recently.
Norges Bank now owns 18,255K shares, which is 1.64% of the company, having reported no prior holdings. This marks a remarkable 100% increase in ownership.
Fintel provides one of the most extensive investing research platforms available to individual investors, traders, and small hedge funds.
The platform features a wide range of data including fundamentals, analyst reports, ownership data, fund sentiment, insider trading, and much more, powered by advanced quantitative models to help inform better investment decisions.
This article originally appeared on Fintel.
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
