Qualcomm CFO Palkhiwala sells $437,646 in company stock

Akash J. Palkhiwala, Executive Vice President, Chief Financial Officer, and Chief Operating Officer of QUALCOMM INC/DE (NASDAQ:QCOM), sold a total of $437,646 worth of common stock on October 20, 2026.

These sales included shares valued at $412,571, transacted at prices ranging from $171.8844 to $176.5777. These particular dispositions were made pursuant to a Rule 10b5-1 trading plan, which Mr. Palkhiwala adopted on December 8, 2025. An additional block of shares, totaling $25,075, was sold at a price of $174.1337.

Following these transactions, Mr. Palkhiwala directly holds 20,799 shares of QUALCOMM common stock.The insider sale comes as QUALCOMM shares trade at $175.71, up over 30% in the past six months. According to InvestingPro analysis, the stock appears undervalued relative to its Fair Value, placing it among undervalued opportunities in the semiconductor sector. The platform offers 12 additional ProTips for QCOM investors seeking deeper insights.

In other recent news, Qualcomm Inc. announced the renewal of its licensing agreement with Apple Inc., effective April 1. This renewal comes after previous disputes over licensing terms between the two companies. StoneX reiterated a Buy rating for Qualcomm, highlighting the company’s expanding data center exposure despite uneven demand. The firm set a price target of $270, expressing increased confidence in Qualcomm’s strategic position. Piper Sandler initiated coverage with a Neutral rating and a $190 price target, noting Qualcomm’s design wins with hyperscale customers and opportunities in the AI growth cycle. Qualcomm also announced a partnership with Amazon, focusing on customized silicon for AI inference and optical connectivity. StoneX reiterated its Buy rating and $270 price target following this collaboration. Meanwhile, RBC Capital raised its price target to $180 from $160, citing the Amazon deal as a strategic move into the data center AI segment.