Understanding the Tailwind Behind QUALCOMM Shares.

QUALCOMM stock is trading -12.99% below its average target price of $134.38 after marking a 3.1% during today's afternoon session. Analysts are giving the large-cap Broadcasting company an average rating of buy and target prices ranging from $95.0 to $183.0 per share.

The stock has a very low short interest at 0.9%, and a short ratio of 0.97. At 0.08%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation. Finally, we also note that an average number of institutional investors are invested in the stock, with 76.0% of QUALCOMM's shares being owned by this investor type.

Institutions Invested in QUALCOMM

Date Reported Holder Percentage Shares Value
2023-03-31 Vanguard Group, Inc. (The) 10% 109,833,332 $12,841,734,763
2023-03-31 Blackrock Inc. 8% 83,897,355 $9,809,295,235
2023-03-31 State Street Corporation 4% 48,492,351 $5,669,735,209
2023-03-31 FMR, LLC 2% 24,198,455 $2,829,288,114
2023-03-31 Geode Capital Management, LLC 2% 21,033,199 $2,459,205,760
2023-03-31 Morgan Stanley 2% 20,258,921 $2,368,677,024
2023-03-31 Alliancebernstein L.p. 2% 16,864,387 $1,971,787,442
2023-03-31 Price (T.Rowe) Associates Inc 1% 16,355,914 $1,912,336,679
2023-03-31 Wellington Management Group, LLP 1% 15,650,740 $1,829,887,596
2023-03-31 Ameriprise Financial, Inc. 1% 14,807,519 $1,731,298,031

Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on QUALCOMM.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.