Intel (NASDAQ:INTC) Shares Down 2.5% – Time to Sell?

Intel Co. (NASDAQ:INTC) shares fell 2.5% during mid-day trading on Friday . The company traded as low as $25.39 and last traded at $25.45. 34,847,180 shares traded hands during trading, a decline of 64% from the average session volume of 95,607,469 shares. The stock had previously closed at $26.09.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on INTC. Rosenblatt Securities reiterated a “sell” rating and set a $20.00 price objective on shares of Intel in a research note on Thursday, January 30th. JPMorgan Chase & Co. dropped their price objective on shares of Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. Stifel Nicolaus dropped their price objective on shares of Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research note on Friday, January 31st. Finally, Wells Fargo & Company dropped their price objective on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Intel presently has a consensus rating of “Hold” and a consensus price target of $26.88.

Intel Trading Down 4.7 %

The company has a market cap of $107.67 billion, a price-to-earnings ratio of -5.68 and a beta of 1.08. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The firm’s fifty day moving average price is $20.84 and its 200-day moving average price is $21.66.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. On average, equities analysts expect that Intel Co. will post -0.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Intel

Several hedge funds and other institutional investors have recently modified their holdings of INTC. Finley Financial LLC acquired a new stake in Intel in the fourth quarter worth about $25,000. Synergy Investment Management LLC acquired a new stake in Intel in the fourth quarter worth about $27,000. Vermillion Wealth Management Inc. acquired a new stake in Intel in the fourth quarter worth about $27,000. BankPlus Trust Department acquired a new stake in Intel in the fourth quarter worth about $28,000. Finally, Keystone Financial Group Inc. acquired a new stake in Intel in the fourth quarter worth about $29,000. Institutional investors and hedge funds 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.