Qualcomm (NASDAQ:QCOM) Shares Down 2.2% - Time to Sell?

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Qualcomm (QCOM) shares dropped 2.2% to $142.36, trading below their 50-day and 200-day moving averages, with a consensus analyst rating of “Hold” and a price target of $168.48. Despite beating Q1 earnings and revenue estimates and providing Q2 guidance, insiders have sold shares totaling $7.8 million recently. Institutions, however, still own a significant 74% of the stock, while the company maintains a quarterly dividend of $0.89.

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