BB&T Securities LLC cut its holdings in QUALCOMM, Inc. (NASDAQ:QCOM) by 8.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 341,652 shares of the wireless technology company’s stock after selling 30,636 shares during the period. BB&T Securities LLC’s holdings in QUALCOMM were worth $19,443,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Lavaca Capital LLC bought a new position in shares of QUALCOMM in the fourth quarter valued at approximately $25,000. Csenge Advisory Group bought a new position in shares of QUALCOMM in the third quarter valued at approximately $28,000. Essex Savings Bank bought a new position in shares of QUALCOMM in the fourth quarter valued at approximately $48,000. Gradient Investments LLC grew its holdings in shares of QUALCOMM by 30.3% in the fourth quarter. Gradient Investments LLC now owns 1,259 shares of the wireless technology company’s stock valued at $72,000 after acquiring an additional 293 shares in the last quarter. Finally, Legacy Financial Advisors Inc. grew its holdings in shares of QUALCOMM by 102.3% in the fourth quarter. Legacy Financial Advisors Inc. now owns 1,299 shares of the wireless technology company’s stock valued at $74,000 after acquiring an additional 657 shares in the last quarter. 92.15% of the stock is owned by institutional investors.

Shares of NASDAQ QCOM opened at $51.59 on Thursday. QUALCOMM, Inc. has a 1-year low of $48.56 and a 1-year high of $76.50. The firm has a market cap of $62.52 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 1.58 and a beta of 1.17. The company has a debt-to-equity ratio of 4.25, a current ratio of 1.54 and a quick ratio of 1.38.

QUALCOMM (NASDAQ:QCOM) last posted its earnings results on Wednesday, January 30th. The wireless technology company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.11. The firm had revenue of $4.80 billion for the quarter, compared to the consensus estimate of $4.89 billion. QUALCOMM had a return on equity of 36.66% and a net margin of 10.03%. The business’s quarterly revenue was down 21.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.98 earnings per share. Analysts anticipate that QUALCOMM, Inc. will post 3.23 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th will be given a dividend of $0.62 per share. The ex-dividend date is Wednesday, March 6th. This represents a $2.48 annualized dividend and a dividend yield of 4.81%. QUALCOMM’s dividend payout ratio is currently 77.74%.

In other QUALCOMM news, EVP James H. Thompson sold 40,000 shares of the stock in a transaction on Monday, February 11th. The stock was sold at an average price of $50.75, for a total transaction of $2,030,000.00. Following the sale, the executive vice president now owns 62,301 shares in the company, valued at $3,161,775.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Cristiano R. Amon sold 18,323 shares of the stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $60.23, for a total value of $1,103,594.29. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,668 shares of company stock worth $4,006,189. Company insiders own 0.11% of the company’s stock.

Several research firms have recently issued reports on QCOM. Zacks Investment Research raised QUALCOMM from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a report on Wednesday. BidaskClub lowered QUALCOMM from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 29th. Raymond James set a $65.00 price objective on QUALCOMM and gave the company a “buy” rating in a report on Saturday, February 2nd. Barclays reissued a “buy” rating and set a $70.00 price objective on shares of QUALCOMM in a report on Friday, January 18th. Finally, Morgan Stanley raised QUALCOMM from an “underweight” rating to an “equal weight” rating in a report on Thursday, November 15th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company’s stock. QUALCOMM currently has a consensus rating of “Hold” and a consensus price target of $66.00.

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QUALCOMM Company Profile

QUALCOMM Incorporated designs, develops, manufactures, and markets digital communication products worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on code division multiple access (CDMA), orthogonal frequency division multiple access, and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products.

Further Reading: Quiet Period Expirations

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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