Intel (NASDAQ:INTC) Shares Down 0.6% – Should You Sell?

Intel Co. (NASDAQ:INTC)’s stock price traded down 0.6% during mid-day trading on Thursday . The stock traded as low as $19.71 and last traded at $19.88. 47,783,496 shares traded hands during trading, a decline of 17% from the average session volume of 57,634,414 shares. The stock had previously closed at $20.01.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Benchmark reiterated a “hold” rating on shares of Intel in a research report on Friday, November 1st. Mizuho cut their price objective on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Friday. Northland Securities lowered their price objective on shares of Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Bank of America reiterated an “underperform” rating and set a $21.00 target price on shares of Intel in a report on Tuesday, December 3rd. Finally, TD Cowen upgraded Intel to a “hold” rating in a report on Monday, September 16th. Six equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $29.96.

Intel Stock Down 3.7 %

The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. The company has a fifty day simple moving average of $22.03 and a 200 day simple moving average of $23.75. The firm has a market capitalization of $82.59 billion, a P/E ratio of -5.15 and a beta of 1.07.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) EPS 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 net margin of 29.42% and a negative return on equity of 1.71%. The business’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period last year, the company posted $0.28 earnings per share. On average, equities analysts expect that Intel Co. will post -0.87 EPS for the current fiscal year.

Insider Buying and Selling

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel 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 of the company’s stock, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.04% of the stock is owned by company insiders.

Hedge Funds Weigh In On Intel

A number of institutional investors and hedge funds have recently modified their holdings of INTC. Cyrus J. Lawrence LLC purchased a new position in shares of Intel during the 2nd quarter valued at about $27,000. Fairfield Financial Advisors LTD purchased a new position in Intel during the second quarter valued at approximately $35,000. Quest Partners LLC boosted its position in shares of Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after purchasing an additional 1,253 shares during the period. FSA Wealth Management LLC purchased a new stake in shares of Intel in the third quarter worth $34,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Intel during the 3rd quarter valued at $36,000. 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.