Summary by Futu AI
The Vanguard Group has filed an amended Schedule 13G/A with the SEC, indicating a significant ownership stake in Qualcomm Inc. As of May 31, 2024, The Vanguard Group reported a 10.03% ownership in Qualcomm, translating to 111,912,584 shares. This filing, required under the Securities Exchange Act of 1934, reflects changes in the investment firm's holdings and is not intended to influence control of the issuer. The Vanguard Group, headquartered in Pennsylvania, has shared voting power over 1,469,705 shares and sole dispositive power over 106,780,789 shares, with an additional shared dispositive power over 5,131,795 shares. The filing, signed by Ashley Grim, Head of Global Fund Administration, on June 10, 2024, asserts that the shares were acquired in the ordinary course of business.