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

Intel Co. (NASDAQ:INTC) shares were down 0.9% on Thursday . The stock traded as low as $19.40 and last traded at $19.54. Approximately 12,605,993 shares traded hands during trading, a decline of 76% from the average daily volume of 52,502,574 shares. The stock had previously closed at $19.72.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on INTC shares. Citigroup cut their price objective on shares of Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Tuesday. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research report on Friday, November 1st. Benchmark restated a “hold” rating on shares of Intel in a report on Friday, November 1st. Northland Securities dropped their target price on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Intel from $27.00 to $25.00 and set a “hold” rating for the company in a research note on Thursday, October 3rd. Five analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Intel presently has an average rating of “Hold” and a consensus target price of $28.81.

Intel Stock Down 1.7 %

The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $92.64 billion, a price-to-earnings ratio of -5.77, a PEG ratio of 9.59 and a beta of 1.07. The firm’s 50-day moving average price is $21.37 and its 200 day moving average price is $23.12.

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 return on equity of 1.71% and a negative net margin of 29.42%. The business had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. During the same quarter in the prior year, the company earned $0.28 earnings per share. Intel’s quarterly revenue was down 6.3% compared to the same quarter last year. On average, sell-side analysts forecast that Intel Co. will post -0.87 EPS for the current fiscal year.

Insider Activity at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the sale, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.04% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Intel

Institutional investors have recently added to or reduced their stakes in the business. Synergy Asset Management LLC bought a new position in shares of Intel during the fourth quarter worth about $92,000. Gries Financial LLC boosted its stake in shares of Intel by 43.5% in the 4th quarter. Gries Financial LLC now owns 18,648 shares of the chip maker’s stock valued at $374,000 after purchasing an additional 5,652 shares during the last quarter. Swedbank AB increased its position in shares of Intel by 8.9% during the fourth quarter. Swedbank AB now owns 1,814,865 shares of the chip maker’s stock worth $36,388,000 after buying an additional 147,976 shares during the period. Hantz Financial Services Inc. raised its stake in Intel by 7.3% during the fourth quarter. Hantz Financial Services Inc. now owns 18,455 shares of the chip maker’s stock worth $370,000 after buying an additional 1,253 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in Intel by 169.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,527,098 shares of the chip maker’s stock valued at $30,618,000 after buying an additional 960,585 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.