Intel (NASDAQ:INTC) Shares Down 1.8% – Should You Sell?

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday. Barclays lowered their price target on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. The Goldman Sachs Group cut their price objective on shares of Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a report on Thursday, October 17th. Mizuho lowered their target price 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. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a research report on Thursday, October 3rd. Five equities research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Intel currently has an average rating of “Hold” and a consensus price target of $28.81.

Intel Trading Down 3.4 %

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 business’s 50-day moving average price is $21.23 and its 200 day moving average price is $23.02. The company has a market cap of $89.84 billion, a P/E ratio of -5.60, a P/E/G ratio of 9.72 and a beta of 1.07.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS 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 firm posted $0.28 earnings per share. The business’s revenue was down 6.3% compared to the same quarter last year. As a group, analysts expect that Intel Co. will post -0.87 earnings per share for the current year.

Insider Transactions at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction dated 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. The trade was a 8.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.04% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in INTC. 1832 Asset Management L.P. raised its stake in Intel by 23.7% in the second quarter. 1832 Asset Management L.P. now owns 3,977 shares of the chip maker’s stock valued at $123,000 after purchasing an additional 762 shares in the last quarter. AXA S.A. raised its position in shares of Intel by 23.4% in the 2nd quarter. AXA S.A. now owns 1,107,223 shares of the chip maker’s stock valued at $34,291,000 after buying an additional 209,710 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Intel by 44.6% during the 2nd quarter. AQR Capital Management LLC now owns 3,774,633 shares of the chip maker’s stock worth $116,844,000 after acquiring an additional 1,164,725 shares during the period. APG Asset Management N.V. boosted its position in shares of Intel by 1.2% during the 2nd quarter. APG Asset Management N.V. now owns 2,774,904 shares of the chip maker’s stock worth $80,185,000 after acquiring an additional 32,319 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Intel by 2.3% in the second quarter. The Manufacturers Life Insurance Company now owns 3,298,169 shares of the chip maker’s stock valued at $102,144,000 after acquiring an additional 75,685 shares during the last quarter. 64.53% of the stock is owned by 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.