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

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

Analyst Ratings Changes

Several research firms have weighed in on INTC. Robert W. Baird boosted their target price on shares of Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Bank of America reissued an “underperform” rating and set a $21.00 target price on shares of Intel in a report on Tuesday, December 3rd. Mizuho lowered their price target on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $25.00 price objective (down previously from $28.00) on shares of Intel in a report on Friday, October 25th. Finally, Northland Securities dropped their target price on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Six 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 stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $29.96.

Intel Price Performance

The business’s fifty day simple moving average is $21.89 and its 200 day simple moving average is $23.49. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The stock has a market cap of $85.42 billion, a price-to-earnings ratio of -5.33, a price-to-earnings-growth ratio of 8.53 and a beta of 1.07.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The business had revenue of $13.30 billion for the quarter, compared to analysts’ expectations of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. Intel’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 firm earned $0.28 earnings per share. Research analysts predict that Intel Co. will post -0.87 EPS for the current fiscal year.

Insider Buying and Selling at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s 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 in the company, valued at $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 Securities & Exchange Commission, which is available at this link. 0.04% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Bridgewater Advisors Inc. raised its position 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 purchasing an additional 9,414 shares during the period. Diversify Wealth Management LLC acquired a new stake in Intel in the fourth quarter worth $206,000. Ballast Inc. lifted its stake in 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 buying an additional 8,980 shares during the last quarter. Aaron Wealth Advisors LLC boosted its stake in Intel by 3.1% during the 4th quarter. Aaron Wealth Advisors LLC now owns 20,595 shares of the chip maker’s stock valued at $413,000 after purchasing an additional 611 shares during the period. Finally, BNC Wealth Management LLC grew its holdings in Intel by 40.4% in the 4th quarter. BNC Wealth Management LLC now owns 19,000 shares of the chip maker’s stock worth $381,000 after buying an additional 5,466 shares in the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

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.