Intel (NASDAQ:INTC) Trading Down 1.8% – Here’s Why

Intel Co. (NASDAQ:INTC) shares were down 1.8% on Tuesday . The company traded as low as $19.74 and last traded at $19.92. Approximately 20,066,584 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 64,901,277 shares. The stock had previously closed at $20.29.

Analyst Ratings Changes

Several analysts have recently issued reports on INTC shares. Barclays lowered their price objective on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Rosenblatt Securities restated a “sell” rating and set a $20.00 price target on shares of Intel in a research note on Thursday. Northland Securities reduced their price objective on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Mizuho decreased 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. Finally, Robert W. Baird raised their price target on shares of Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Five investment analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Intel presently has a consensus rating of “Hold” and a consensus price target of $28.00.

Intel Price Performance

The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. The firm has a market cap of $86.30 billion, a P/E ratio of -5.38, a PEG ratio of 9.72 and a beta of 1.07. The company has a 50 day moving average of $20.97 and a two-hundred day moving average of $22.63.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. Sell-side analysts expect that Intel Co. will post -0.87 EPS for the current year.

Insider Activity at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the sale, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. This represents a 8.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.04% of the stock is currently owned by corporate insiders.

Institutional Trading of Intel

A number of hedge funds have recently made changes to their positions in the stock. Csenge Advisory Group increased its stake in Intel by 10.0% in the 4th quarter. Csenge Advisory Group now owns 41,739 shares of the chip maker’s stock valued at $837,000 after buying an additional 3,780 shares during the period. Strategic Financial Concepts LLC bought a new position in shares of Intel in the 4th quarter valued at approximately $782,000. Allworth Financial LP lifted its holdings in Intel by 9.2% in the 4th quarter. Allworth Financial LP now owns 253,820 shares of the chip maker’s stock worth $5,549,000 after purchasing an additional 21,425 shares during the last quarter. Principal Securities Inc. boosted its holdings in shares of Intel by 19.6% during the 4th quarter. Principal Securities Inc. now owns 40,722 shares of the chip maker’s stock worth $816,000 after buying an additional 6,668 shares during the period. Finally, Roxbury Financial LLC acquired a new position in Intel during the 4th quarter worth $38,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

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.