Advisors Capital Management LLC raised its stake in QUALCOMM Incorporated ( NASDAQ:QCOM – Free Report ) by 10.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 348,109 shares of the wireless technology company's stock after purchasing an additional 32,791 shares during the period. QUALCOMM comprises 1.2% of Advisors Capital Management LLC's investment portfolio, making the stock its 16th biggest position.

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