Qualcomm president & CEO Amon sells $2 million in stock

Qualcomm's CEO Amon sold 10,000 shares of the company's stock on September 25, 2026, generating $2 million from the transaction. The company's shares were trading at $201.97 at the time, reflecting a 14% increase over the past week and a 66% rise from its 52-week low of $121.99. Amon's sale was conducted under a pre-approved Rule 10b5-1 trading plan adopted on December 12, 2025.

Following the sale, Amon indirectly owns 177,568 shares of QUALCOMM common stock through his family trust, of which he and his spouse are trustees with Amon and his immediate family as the sole beneficiaries. Despite this sale, Qualcomm remains undervalued according to InvestingPro, which gives the company a P/E ratio of 23.63 and a market cap of $216.6 billion.

Recent developments include Qualcomm renewing its licensing agreement with Apple and receiving positive ratings and price targets from several analysts, indicating confidence in the company's growth prospects, particularly in the data center AI segment.