Qualcomm EVP, CFO & COO Palkhiwala sells $457,129 in QCOM stock
Akash J. Palkhiwala, the Executive Vice President, CFO, and COO at Qualcomm Inc., sold 2,500 shares of the company's stock on September 11, 2026. The sale amounted to around $457,129, with prices fluctuating between $177.6169 and $185.315 per share. Currently, Qualcomm's stock is valued at $181.97, having generated a substantial 37% return over the past six months.
According to a recent analysis, Qualcomm Inc. appears to be undervalued, with the Fair Value suggesting a potential for further upside. These transactions were carried out under a Rule 10b5-1 trading plan that Palkhiwala established on December 8, 2025. Post these sales, Palkhiwala remains an owner of 18,184 shares of Qualcomm common stock.
Notably, Qualcomm has recently entered into a major partnership with Amazon, aimed at developing specialized silicon for AI inference and optical connectivity. This multi-generational collaboration is expected to bolster Qualcomm's position in the AI datacenter market, with Amazon now among Qualcomm's named customers. Analysts have responded positively to this development.
StoneX reaffirmed its buy rating on Qualcomm with a price target of $270, while RBC Capital increased its price target for the company to $180 from $160, citing the Amazon agreement as a positive move for Qualcomm's AI segment. Piper Sandler initiated coverage on Qualcomm with a Neutral rating and a price target of $190, praising the company's design wins with hyperscale customers and its entry into the datacenter market.
Barclays, however, kept an Underweight rating with a $180 price target, pointing out that Amazon Web Services has already utilized Qualcomm's AI100 in its EC2 instances. Bernstein SocGen Group also maintained a Market Perform rating with a $165 price target, highlighting the potential for Qualcomm's next-generation AI datacenter infrastructure through its partnership with Amazon.
These strategic moves in the AI and datacenter sectors, as reflected by various analyst firms, underscore Qualcomm's continued growth and innovation.
Written by urgent.news from Investing.com's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.