BlackRock Amends Qualcomm Stake, Remains Key Institutional Holder
Ticker: QCOM · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 804328
| Field | Detail |
|---|---|
| Company | Qualcomm Inc/De (QCOM) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still owns a big chunk of Qualcomm, signaling institutional confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, indicating its ownership of QUALCOMM INC/DE common stock as of December 31, 2023. This amendment, the 13th for BlackRock regarding Qualcomm, shows that BlackRock continues to be a significant institutional holder. This matters to investors because large institutional ownership by firms like BlackRock can signal confidence in the company's long-term prospects and can influence stock stability due to their typically long holding periods.
Why It Matters
BlackRock's continued significant ownership in Qualcomm suggests institutional confidence, which can be a positive signal for current and prospective shareholders.
Risk Assessment
Risk Level: low — This filing indicates stable institutional ownership, which generally reduces volatility and risk for the stock.
Analyst Insight
Investors should note BlackRock's continued presence as a major shareholder, which can be a sign of stability, but should also conduct their own due diligence on Qualcomm's fundamentals.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- QUALCOMM INC/DE (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A amendment
Forward-Looking Statements
- BlackRock will maintain a significant stake in Qualcomm throughout 2024. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., a large institutional asset manager based in New York, NY.
What is the subject company whose securities are being reported?
The subject company is QUALCOMM INC/DE, a company in the radio & TV broadcasting & communications equipment industry, based in San Diego, CA.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which requires filing of this statement was December 31, 2023.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of QUALCOMM INC is 747525103.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding QUALCOMM INC/DE (QCOM).