Qualcomm (NASDAQ:QCOM) Shares Down 1.6% - Time to Sell?

Qualcomm (NASDAQ:QCOM) shares declined 1.6% intraday, trading around $133.95, following a pullback from recent highs and a negative analyst report from Barclays, which initiated coverage with an Underweight rating and a $130 price target due to handset weakness. Despite beating quarterly earnings estimates and announcing a $20 billion share repurchase program and a raised dividend, analysts expect a decline in earnings for the current fiscal year, increasing downside risk. Institutional investors made significant changes to their positions, while company insiders sold shares totaling over $1.2 million in the last 90 days.

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