Intel (NASDAQ:INTC) Trading Down 0.2% – Time to Sell?

Intel Co. (NASDAQ:INTC) dropped 0.2% during trading on Friday . The stock traded as low as $20.66 and last traded at $20.76. Approximately 24,450,903 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 61,158,254 shares. The stock had previously closed at $20.80.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on INTC shares. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Intel from $27.00 to $25.00 and set a “hold” rating for the company in a research report on Thursday, October 3rd. Robert W. Baird increased their price target on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. TD Cowen raised Intel to a “hold” rating in a report on Monday, September 16th. Truist Financial upped their price objective on Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research note on Friday, November 1st. Six analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $30.04.

Intel Stock Up 0.6 %

The business’s 50 day simple moving average is $23.34 and its 200 day simple moving average is $25.55. The company has a market capitalization of $90.23 billion, a PE ratio of -5.62 and a beta of 1.05. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last posted 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). The firm 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%. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 earnings per share. As a group, analysts forecast that Intel Co. will post -0.87 EPS for the current year.

Insider Buying and Selling

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value 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. This represents a 8.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.04% of the company’s stock.

Institutional Trading of Intel

Several hedge funds and other institutional investors have recently modified their holdings of INTC. America First Investment Advisors LLC acquired a new position in Intel in the 2nd quarter worth about $25,000. Cyrus J. Lawrence LLC acquired a new position in Intel in the second quarter worth approximately $27,000. Quest Partners LLC raised its position in Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after acquiring an additional 1,253 shares in the last quarter. Spartan Fund Management Inc. acquired a new stake in Intel in the second quarter valued at approximately $31,000. Finally, Financial Connections Group Inc. bought a new stake in Intel in the second quarter worth approximately $32,000. 64.53% of the stock is currently owned by hedge funds and other 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.