Intel (NASDAQ:INTC) Shares Down 0.7% – What’s Next?

Intel Co. (NASDAQ:INTC) shares traded down 0.7% during trading on Friday . The stock traded as low as $24.17 and last traded at $24.27. 6,993,094 shares traded hands during trading, a decline of 88% from the average session volume of 59,783,711 shares. The stock had previously closed at $24.44.

Analyst Ratings Changes

Several equities research analysts have issued reports on INTC shares. Robert W. Baird lifted their price target on shares of Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. New Street Research lowered Intel from a “buy” rating to a “neutral” rating in a report on Friday, August 2nd. Barclays decreased their price target on Intel from $40.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, August 2nd. Wedbush dropped their price objective on Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Finally, Argus downgraded shares of Intel from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Six analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $30.12.

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 company has a market capitalization of $105.67 billion, a P/E ratio of -6.59 and a beta of 1.03. The company’s fifty day moving average price is $23.19 and its 200 day moving average price is $26.11.

Intel (NASDAQ:INTC) last announced its quarterly earnings data 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 net margin of 29.42% and a negative return on equity of 1.71%. The company had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. During the same period in the prior year, the firm earned $0.28 earnings per share. Intel’s revenue was down 6.3% on a year-over-year basis. As a group, sell-side analysts forecast that Intel Co. will post -0.83 EPS for the current year.

Insider Activity

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was 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 directly owns 273,258 shares in the company, valued at $7,104,708. This represents a 8.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in INTC. America First Investment Advisors LLC bought a new stake in shares of Intel during the second quarter worth $25,000. Cyrus J. Lawrence LLC bought a new stake in shares of Intel during the second quarter worth about $27,000. Quest Partners LLC boosted its position in Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after buying an additional 1,253 shares during the period. Spartan Fund Management Inc. bought a new stake in Intel during the 2nd quarter worth approximately $31,000. Finally, Financial Connections Group Inc. acquired a new position in Intel in the 2nd quarter valued at approximately $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.