Intel (NASDAQ:INTC) Trading Down 0.9% – Should You Sell?

Intel Co. (NASDAQ:INTC)’s stock price fell 0.9% during trading on Monday . The stock traded as low as $20.56 and last traded at $20.65. 25,974,096 shares were traded during mid-day trading, a decline of 60% from the average session volume of 64,282,875 shares. The stock had previously closed at $20.83.

Analysts Set New Price Targets

A number of analysts have weighed in on INTC shares. Bank of America reaffirmed an “underperform” rating and set a $21.00 target price on shares of Intel in a research note on Tuesday, December 3rd. Mizuho lowered their target price on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Stifel Nicolaus reissued a “hold” rating and set a $25.00 price target (down from $28.00) on shares of Intel in a research note on Friday, October 25th. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Finally, HSBC upgraded shares of Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Five investment analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $27.88.

Intel Stock Performance

The company’s 50 day moving average price is $21.06 and its 200-day moving average price is $22.65. The stock has a market cap of $85.25 billion, a P/E ratio of -5.31, a price-to-earnings-growth ratio of 9.72 and a beta of 1.07. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.44). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The firm had revenue of $13.30 billion during the quarter, compared to analysts’ expectations of $13.02 billion. During the same quarter last year, the business posted $0.28 EPS. The company’s quarterly revenue was down 6.3% on a year-over-year basis. Equities analysts forecast that Intel Co. will post -0.87 EPS for the current fiscal year.

Insider Activity

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the sale, the executive vice president now directly owns 273,258 shares in the company, valued at $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.04% of the company’s stock.

Institutional Investors Weigh In On Intel

Several large investors have recently added to or reduced their stakes in the company. Quest Partners LLC increased its position in shares of Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after buying an additional 1,253 shares during the period. Finley Financial LLC purchased a new stake in Intel in the 4th quarter worth approximately $25,000. Keystone Financial Group Inc. bought a new position in Intel in the 4th quarter valued at $29,000. FSA Wealth Management LLC purchased a new stake in shares of Intel in the third quarter worth $34,000. Finally, Capital Performance Advisors LLP bought a new position in Intel in the 3rd quarter worth about $36,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

About Intel

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.