Intel (NASDAQ:INTC) Trading Down 1.8% – What’s Next?

Intel Co. (NASDAQ:INTC)’s share price traded down 1.8% during mid-day trading on Thursday . The company traded as low as $21.35 and last traded at $21.47. 13,464,894 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 63,790,090 shares. The stock had previously closed at $21.86.

Analyst Upgrades and Downgrades

INTC has been the subject of several research analyst reports. UBS Group lowered their target price on Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a report on Thursday, October 3rd. Stifel Nicolaus reissued a “hold” rating and issued a $25.00 price objective (down previously from $28.00) on shares of Intel in a research note on Friday, October 25th. Northland Securities decreased their target price 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, Mizuho lowered their price target on shares of Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Five equities research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $28.81.

Intel Trading Down 3.4 %

The firm has a market cap of $89.84 billion, a price-to-earnings ratio of -5.60, a P/E/G ratio of 9.72 and a beta of 1.07. The firm’s 50-day moving average is $21.23 and its 200-day moving average is $23.02. 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 issued its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. During the same quarter in the prior year, the business earned $0.28 earnings per share. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Intel Co. will post -0.87 EPS for the current fiscal year.

Insider Activity

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel 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 transaction, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at $7,104,708. The trade was a 8.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Optas LLC grew its position in Intel by 4.2% during the fourth quarter. Optas LLC now owns 24,852 shares of the chip maker’s stock valued at $498,000 after buying an additional 993 shares during the period. Rheos Capital Works Inc. boosted its stake in Intel by 12.1% in the fourth quarter. Rheos Capital Works Inc. now owns 277,000 shares of the chip maker’s stock valued at $5,554,000 after acquiring an additional 30,000 shares during the last quarter. Princeton Global Asset Management LLC grew its position in shares of Intel by 86.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 3,416 shares of the chip maker’s stock valued at $68,000 after acquiring an additional 1,585 shares during the period. HHM Wealth Advisors LLC increased its stake in shares of Intel by 18.2% during the 4th quarter. HHM Wealth Advisors LLC now owns 9,128 shares of the chip maker’s stock worth $183,000 after purchasing an additional 1,406 shares during the last quarter. Finally, Willis Investment Counsel increased its stake in shares of Intel by 0.8% during the 4th quarter. Willis Investment Counsel now owns 300,787 shares of the chip maker’s stock worth $6,031,000 after purchasing an additional 2,322 shares during the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

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.