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

Intel Co. (NASDAQ:INTC)’s stock price fell 0.9% on Wednesday . The stock traded as low as $19.90 and last traded at $19.97. 18,046,598 shares changed hands during trading, a decline of 71% from the average session volume of 61,363,793 shares. The stock had previously closed at $20.16.

Analysts Set New Price Targets

INTC has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Intel from $27.00 to $25.00 and set a “hold” rating for the company in a research note on Thursday, October 3rd. Truist Financial boosted their price objective on Intel from $25.00 to $26.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research report on Friday, November 1st. Northland Securities lowered their price target on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, The Goldman Sachs Group reduced their price objective on shares of Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a research report on Thursday, October 17th. Six investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Intel has an average rating of “Hold” and a consensus price target of $30.04.

Intel Price Performance

The stock has a 50 day moving average of $23.17 and a 200-day moving average of $25.30. The stock has a market capitalization of $87.73 billion, a P/E ratio of -5.49 and a beta of 1.05. 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) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. During the same quarter in the previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, equities research analysts anticipate that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were 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 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.04% of the company’s stock.

Hedge Funds Weigh In On Intel

A number of large investors have recently bought and sold shares of INTC. America First Investment Advisors LLC purchased a new stake in shares of Intel during the second quarter valued at about $25,000. Cyrus J. Lawrence LLC purchased a new stake in Intel during the second quarter valued at approximately $27,000. Quest Partners LLC boosted its stake in Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after acquiring an additional 1,253 shares in the last quarter. Spartan Fund Management Inc. purchased a new position in Intel in the second quarter worth $31,000. Finally, Financial Connections Group Inc. acquired a new position in shares of Intel during the second quarter worth $32,000. 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.