In its most recent 13F filing, AE Wealth Management LLC disclosed a 25.5% increase in its holdings of Qualcomm, raising its share count by 26,309 to 129,415 shares. As of the end of the third quarter, the position was valued at $21.53 million. This sizable accumulation underscores the firm’s confidence in Qualcomm’s wireless technology franchise and its ability to generate free cash flow amid ongoing 5G rollout and chipset demand.

Other leading asset managers have also adjusted their Qualcomm exposure. Vanguard Group modestly added 290,799 shares in the second quarter, bringing its total to 114.66 million shares valued at $18.26 billion. State Street Corp increased its holdings by 0.8%—an addition of 420,352 shares—to reach 53.67 million shares worth $8.55 billion. Meanwhile, Norges Bank initiated a new position estimated at $2.71 billion, and Amundi expanded its position by 38.2%, acquiring 3.19 million additional shares for a total stake valued around $1.87 billion. Institutional ownership now represents approximately 74.35% of the company’s outstanding shares.

During the quarter, two executive vice presidents executed stock sales totaling 19,250 shares. Akash J. Palkhiwala sold 3,333 shares on January 2nd for proceeds of $577,609, reducing his holding by 7.89% to 38,932 shares. Alexander H. Rogers disposed of 15,917 shares on December 16th, netting $2.83 million and trimming his direct stake by 37.91% to 26,071 shares. Collectively, insider sales amounted to 44,820 shares worth $7.88 million, representing 0.05% of total equity and signaling limited insider concern given the low ownership percentage.

Qualcomm’s latest quarterly report topped estimates with EPS of $3.00 and revenue of $11.27 billion—growth rates of 11.5% and 10.0% year-over-year, respectively. The company guided Q1 EPS to a range of 3.30–3.50. Among analysts, Piper Sandler reiterated an overweight stance and raised its target, while Citigroup, Mizuho and Cantor Fitzgerald maintained neutral ratings. Royal Bank of Canada initiated coverage with a sector-perform view. In aggregate, 10 brokers rate the stock a buy, eight a hold and two a sell, producing a consensus outlook of neutral with a target set near current trading levels.