Intel (NASDAQ:INTC) Stock Price Down 0.7% – Time to Sell?

Intel Co. (NASDAQ:INTC) fell 0.7% during trading on Tuesday . The company traded as low as $19.03 and last traded at $19.06. 12,876,700 shares traded hands during trading, a decline of 76% from the average session volume of 52,631,926 shares. The stock had previously closed at $19.20.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on INTC shares. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research report on Friday, November 1st. Benchmark reiterated a “hold” rating on shares of Intel in a research report on Friday, November 1st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $25.00 target price (down from $28.00) on shares of Intel in a research note on Friday, October 25th. Northland Securities decreased their price target on shares of Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, Rosenblatt Securities reaffirmed a “sell” rating and set a $17.00 price objective on shares of Intel in a report on Tuesday, October 29th. Six research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $29.96.

Intel Trading Down 0.2 %

The firm has a market cap of $84.90 billion, a price-to-earnings ratio of -5.29, a P/E/G ratio of 8.53 and a beta of 1.07. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The business has a 50-day moving average of $21.78 and a 200-day moving average of $23.47.

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 analysts’ consensus estimates of ($0.02) by ($0.44). The company had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.28 earnings per share. Research analysts anticipate that Intel Co. will post -0.87 EPS for the current year.

Insider Buying and Selling at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the sale, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.04% of the company’s stock.

Institutional Investors Weigh In On Intel

A number of large investors have recently added to or reduced their stakes in the business. Bridgewater Advisors Inc. boosted its holdings in shares of Intel by 61.3% during the 4th quarter. Bridgewater Advisors Inc. now owns 24,774 shares of the chip maker’s stock worth $476,000 after buying an additional 9,414 shares during the period. Diversify Wealth Management LLC bought a new stake in shares of Intel during the fourth quarter worth approximately $206,000. Ballast Inc. grew its position in shares of Intel by 26.5% in the fourth quarter. Ballast Inc. now owns 42,831 shares of the chip maker’s stock valued at $859,000 after purchasing an additional 8,980 shares during the last quarter. Aaron Wealth Advisors LLC lifted its holdings in Intel by 3.1% during the 4th quarter. Aaron Wealth Advisors LLC now owns 20,595 shares of the chip maker’s stock worth $413,000 after purchasing an additional 611 shares during the last quarter. Finally, BNC Wealth Management LLC lifted its holdings in Intel by 40.4% during the 4th quarter. BNC Wealth Management LLC now owns 19,000 shares of the chip maker’s stock worth $381,000 after purchasing an additional 5,466 shares during the last quarter. 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.