Intel (NASDAQ:INTC) Trading Down 0.6% – Here’s Why

Intel Co. (NASDAQ:INTC) shares traded down 0.6% on Thursday . The stock traded as low as $19.71 and last traded at $19.88. 47,783,496 shares changed 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.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on INTC. Northland Securities cut their price objective on shares of Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Rosenblatt Securities restated a “sell” rating and issued a $17.00 price objective on shares of Intel in a report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft dropped their target price on Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a report on Thursday, October 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research report on Friday, November 1st. Finally, TD Cowen raised Intel to a “hold” rating in a report on Monday, September 16th. Six research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $30.04.

Intel Trading Down 0.6 %

The business’s 50-day moving average price is $22.15 and its two-hundred day moving average price is $23.86. The company has a market capitalization of $85.74 billion, a price-to-earnings ratio of -5.34 and a beta of 1.07. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97.

Intel (NASDAQ:INTC) last posted its quarterly earnings results 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 firm had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The business’s revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.28 EPS. Research analysts predict that Intel Co. will post -0.87 earnings per share for the current year.

Insiders Place Their Bets

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 transaction 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. This represents a 8.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.04% of the company’s stock.

Institutional Trading of Intel

A number of institutional investors have recently bought and sold shares of the company. Dunhill Financial LLC boosted its position in shares of Intel by 22.6% during the 3rd quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock valued at $56,000 after purchasing an additional 438 shares in the last quarter. MKT Advisors LLC boosted its holdings in shares of Intel by 4.8% during the 3rd quarter. MKT Advisors LLC now owns 10,762 shares of the chip maker’s stock worth $241,000 after buying an additional 490 shares in the last quarter. Beaton Management Co. Inc. grew its position in shares of Intel by 2.2% during the 3rd quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock worth $544,000 after buying an additional 500 shares during the period. Everpar Advisors LLC increased its stake in shares of Intel by 5.1% in the 3rd quarter. Everpar Advisors LLC now owns 10,326 shares of the chip maker’s stock valued at $242,000 after acquiring an additional 504 shares in the last quarter. Finally, Lavaca Capital LLC lifted its position in shares of Intel by 4.7% during the 2nd quarter. Lavaca Capital LLC now owns 11,796 shares of the chip maker’s stock valued at $365,000 after acquiring an additional 530 shares during the period. Institutional investors own 64.53% of the company’s stock.

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.