Legal & General Group Plc Increases Stake in Qualcomm Incorporated

Institutional investor boosts position in wireless tech company

Published on Mar. 10, 2026

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Legal & General Group Plc, a major institutional investor, has increased its stake in Qualcomm Incorporated, a leading global semiconductor and telecommunications equipment company, by 0.4% in the third quarter. The firm now owns approximately 9.2 million shares, or 0.86% of Qualcomm's outstanding stock, worth over $1.5 billion.

Why it matters

Qualcomm is a key player in the wireless technology industry, powering many of the world's smartphones and connected devices. Legal & General Group's increased investment signals confidence in Qualcomm's long-term growth prospects, as the company continues to innovate and expand its product portfolio.

The details

According to a recent SEC filing, Legal & General Group Plc acquired an additional 38,452 shares of Qualcomm during the third quarter, bringing its total holdings to 9,207,183 shares. This represents a 0.4% increase in the firm's stake in the wireless technology company. Legal & General Group is now one of Qualcomm's largest institutional investors, owning approximately 0.86% of the company's outstanding shares.

  • Legal & General Group Plc increased its stake in Qualcomm during the third quarter of 2026.

The players

Legal & General Group Plc

A major global investment management firm based in the United Kingdom, with over $1.5 trillion in assets under management.

Qualcomm Incorporated

A leading global semiconductor and telecommunications equipment company headquartered in San Diego, California, known for its development of wireless technologies and central role in the evolution of digital cellular standards.

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The takeaway

Legal & General Group's increased investment in Qualcomm reflects the institutional investor's confidence in the wireless technology company's long-term growth potential, as Qualcomm continues to innovate and expand its product offerings in the rapidly evolving global telecommunications market.