Akash Palkhiwala, the Chief Financial Officer and Chief Operating Officer of Qualcomm Inc (QCOM, Financial), sold 3,000 shares of the company on November 14, 2024. The transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 51,778 shares of Qualcomm Inc.
Qualcomm Inc is a leader in the development and commercialization of foundational technologies for the wireless industry. The company's products and services are used in mobile devices and other wireless products, including network equipment, broadband gateway equipment, and consumer electronic devices.
Over the past year, Akash Palkhiwala has sold a total of 31,000 shares and has not purchased any shares. This recent sale is part of a broader trend within Qualcomm Inc, where there have been 35 insider sells and no insider buys over the past year.
On the day of the sale, shares of Qualcomm Inc were trading at $163.78, giving the company a market cap of approximately $178.32 billion. The price-earnings ratio of the stock stands at 17.85, which is below both the industry median of 32.63 and the company's historical median.
According to the GF Value, the intrinsic value of Qualcomm Inc is estimated at $146.77 per share, making the stock Fairly Valued with a price-to-GF-Value ratio of 1.12.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates provided by Morningstar analysts.
This insider sale might be of interest to investors tracking insider behaviors and evaluating the stock's valuation metrics.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
