QUALCOMM stock is trading -7.34% below its average target price of $152.79 after dropping -4.7% during today's afternoon session. Analysts are giving the large-cap Broadcasting company an average rating of buy and target prices ranging from $120.0 to $175.0 per share.
QUALCOMM's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.3%. The stock's short ratio is 1.9. The company's insiders own 0.13% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 77.3%. In conclusion, we believe there is mixed market sentiment regarding QUALCOMM.
Institutions Invested in QUALCOMM
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Vanguard Group Inc | 10% | 110,717,388 | $15,675,367,995 |
| 2023-09-30 | Blackrock Inc. | 8% | 85,759,259 | $12,141,796,046 |
| 2023-09-30 | State Street Corporation | 4% | 46,363,168 | $6,564,097,410 |
| 2023-09-30 | Price (T.Rowe) Associates Inc | 2% | 23,427,471 | $3,316,861,387 |
| 2023-09-30 | Geode Capital Management, LLC | 2% | 22,122,131 | $3,132,051,347 |
| 2023-09-30 | Morgan Stanley | 2% | 20,767,489 | $2,940,261,130 |
| 2023-09-30 | Alliancebernstein L.P. | 2% | 18,798,646 | $2,661,512,335 |
| 2023-09-30 | Wellington Management Group, LLP | 1% | 15,048,852 | $2,130,616,493 |
| 2023-09-30 | Ameriprise Financial, Inc. | 1% | 14,249,123 | $2,017,390,860 |
| 2022-12-31 | Norges Bank Investment Management | 1% | 13,346,831 | $1,889,644,357 |
