Intel (NASDAQ:INTC) Trading Down 1.8% – What’s Next?

Intel Co. (NASDAQ:INTC) shares traded down 1.8% during mid-day trading on Friday . The stock traded as low as $20.30 and last traded at $20.41. 14,738,431 shares were traded during mid-day trading, a decline of 76% from the average session volume of 61,474,824 shares. The stock had previously closed at $20.78.

Analyst Ratings Changes

INTC has been the subject of several research reports. Mizuho increased their price target on Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Bank of America reiterated an “underperform” rating and set a $21.00 target price on shares of Intel in a research report on Tuesday, December 3rd. Daiwa America raised shares of Intel to a “hold” rating in a research report on Monday, August 26th. Robert W. Baird raised their price objective on shares of Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, Stifel Nicolaus reissued a “hold” rating and set a $25.00 target price (down previously from $28.00) on shares of Intel in a report on Friday, October 25th. Six analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $30.04.

Intel Trading Down 2.1 %

The stock has a market capitalization of $87.73 billion, a P/E ratio of -5.47 and a beta of 1.05. The stock’s fifty day moving average price is $23.12 and its two-hundred day moving average price is $25.19. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44.

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

Insider Buying and Selling

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the sale, the executive vice president now owns 273,258 shares of the company’s stock, valued at $7,104,708. This represents a 8.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.04% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Intel

Hedge funds and other institutional investors have recently modified their holdings of the company. Retirement Systems of Alabama raised its position in Intel by 0.8% during the 3rd quarter. Retirement Systems of Alabama now owns 946,906 shares of the chip maker’s stock valued at $22,214,000 after purchasing an additional 7,857 shares during the last quarter. Denver PWM LLC raised its holdings in shares of Intel by 752.1% during the third quarter. Denver PWM LLC now owns 26,425 shares of the chip maker’s stock valued at $620,000 after acquiring an additional 23,324 shares in the last quarter. World Investment Advisors LLC lifted its stake in Intel by 59.6% in the third quarter. World Investment Advisors LLC now owns 42,990 shares of the chip maker’s stock worth $1,009,000 after acquiring an additional 16,046 shares during the period. SOA Wealth Advisors LLC. boosted its holdings in Intel by 7.3% in the third quarter. SOA Wealth Advisors LLC. now owns 9,076 shares of the chip maker’s stock valued at $213,000 after acquiring an additional 615 shares in the last quarter. Finally, Advisory Resource Group increased its position in Intel by 6.7% during the 3rd quarter. Advisory Resource Group now owns 16,579 shares of the chip maker’s stock valued at $389,000 after purchasing an additional 1,034 shares during the period. 64.53% of the stock is owned by institutional investors.

Intel Company Profile

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.