Qualcomm executive sells shares worth $130,073

In a recent filing with the Securities and Exchange Commission, Martin Neil, Senior Vice President of Finance and Chief Accounting Officer at Qualcomm Inc . (NASDAQ:QCOM), reported selling 744 shares of common stock on February 21, 2025. The shares were sold at an average price of $174.83 each, totaling approximately $130,073. The transaction occurs as Qualcomm, currently valued at $183 billion, trades below its InvestingPro Fair Value with a P/E ratio of 17.5x and maintains a perfect Piotroski Score of 9, indicating exceptional financial strength.

The filing also disclosed that prior to this sale, Neil executed multiple transactions on February 20, 2025, involving the acquisition of common stock through the exercise of restricted stock units. These transactions did not involve any cash consideration, as the restricted stock units were converted on a one-for-one basis to common stock.

Additionally, Neil disposed of 595 shares at $173.7 per share to cover tax obligations, resulting in a transaction value of $103,351.

These transactions were made under a Rule 10b5-1 trading plan, which allows insiders to set up a predetermined plan to sell company stock in accordance with insider trading laws.

In other recent news, Apple (NASDAQ:AAPL) has announced its first custom-designed modem chip, which will be used in the new iPhone 16e, marking a shift from its reliance on Qualcomm for modem supplies. This development follows reports that Apple is planning to replace Qualcomm modems in its iPhones with its own, potentially reducing patent fees. Meanwhile, Qualcomm has reported strong financial results, with record handset revenue and positive guidance, leading TD Cowen to raise the company’s stock price target to $195 while maintaining a Buy rating.

Despite the positive financial performance, KeyBanc Capital Markets has maintained its Sector Weight rating on Qualcomm, citing the potential impact of Apple’s internal modem development. Piper Sandler also adjusted its price target for Qualcomm to $190 from $205, maintaining an Overweight rating, reflecting confidence in Qualcomm’s long-term prospects despite near-term challenges. Qualcomm’s management remains optimistic about growth opportunities, particularly in the Chinese market and AI PC design wins, while continuing its stable licensing relationship with ARM.

Overall, these recent developments highlight significant shifts in both Apple’s and Qualcomm’s strategic directions, with Apple moving towards greater self-reliance in modem technology and Qualcomm navigating competitive pressures while capitalizing on new growth areas.

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