Lanark Financial 13F: Cuts QUALCOMM (QCOM) Stake by $1M
Key Points
- Lanark Financial's stake in Qualcomm decreased by 5,673 shares, a 36.9% reduction, now holding 9,693 shares worth approximately $1.78 million.
- As of October 27, 2026, Qualcomm shares recently traded around $179.63, about equal to the closing price of $179.60 on October 26.
- Analysts have a consensus rating of 'hold' on Qualcomm, with a mean price target of $196.30, suggesting potential upside from current levels.
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In a filing on October 26, 2026, Lanark Financial cut its stake in QUALCOMM Incorporated (QCOM) by 5,673 shares, bringing its total to 9,693 shares valued at about $1.78 million. This reduction represents a 36.9% decrease in their position, as the fund's reported value for the stock is now approximately $1.78 million out of a total portfolio value of $273.3 million.
QCOM
QUALCOMM Incorporated
Where QUALCOMM Fits in Lanark Financial's Portfolio
QUALCOMM makes up 0.65% of Lanark Financial's overall portfolio, ranking 28th among its 2,480 reported positions.
QUALCOMM Incorporated Stock Up 2.1%
As of October 27, 2026, QUALCOMM shares recently traded around $179.63, which is about equal to the closing price of $179.60 on October 26. The stock is currently above its 50-day moving average by 1.8% and above its 200-day moving average by 6.1%, but it is 30.9% below its 52-week high of $259.92.
Recent Earnings
QUALCOMM reported trailing twelve-month revenue of $44.1 billion, with an earnings per share (EPS) of $8.46. The next earnings report is scheduled for November 4, 2026.
Dividend
QUALCOMM pays an annual dividend of $3.68 per share, resulting in a dividend yield of 2.05% based on current share prices.
Insider Buying and Selling at QUALCOMM Incorporated
Several insiders have sold shares recently. Cristiano Renno Amon, the CEO, sold 10,000 shares at $195.00 on September 21, 2026. Ann C. Chaplin, General Counsel and Corporate Secretary, sold 1,827 shares at $174.75 on October 16, 2026, and Akash J. Palkhiwala, CFO and COO, sold 2,500 shares at $175.06 on October 20, 2026. These transactions indicate that insiders are adjusting their stakes ahead of the earnings report.
Analysts Set New Price Targets
On October 19, 2026, TD Cowen maintained a 'Buy' rating on Qualcomm with a price target of $200.00, while Susquehanna also maintained a 'Neutral' rating with a target of $185.00 on October 21. The average price target among analysts is $196.30, reflecting a consensus view on the stock's potential.
About QUALCOMM Incorporated
QUALCOMM Incorporated develops technologies for the wireless industry, operating in segments such as Qualcomm CDMA Technologies and Qualcomm Technology Licensing. The company's innovations play a crucial role in the growth of mobile communications globally.
Bottom Line
Investors should keep an eye on QUALCOMM's upcoming earnings report on November 4, 2026, as well as any further adjustments from institutional investors like Lanark Financial. The recent insider selling and analyst ratings may also provide insight into the stock's direction moving forward.
Related Filing Alerts
Source: Lanark Financial's 13F filing on $QCOM (Oct 26, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts