Intel (NASDAQ:INTC) Stock Price Down 2.7% – Time to Sell?

Intel Co. (NASDAQ:INTC)’s stock price traded down 2.7% on Monday . The stock traded as low as $23.62 and last traded at $24.21. 40,613,108 shares changed hands during trading, a decline of 58% from the average session volume of 96,228,516 shares. The stock had previously closed at $24.87.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Bank of America reaffirmed an “underperform” rating and issued a $21.00 price target on shares of Intel in a report on Tuesday, December 3rd. Rosenblatt Securities reaffirmed a “sell” rating and set a $20.00 target price on shares of Intel in a report on Thursday, January 30th. Cantor Fitzgerald increased their price target on Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. Northland Securities cut their target price 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. Finally, Citigroup decreased their target price on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Intel presently has a consensus rating of “Hold” and an average target price of $26.88.

Intel Trading Down 1.7 %

The company has a market cap of $105.80 billion, a PE ratio of -5.56 and a beta of 1.08. The company’s 50 day simple moving average is $20.84 and its two-hundred day simple moving average is $21.68. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. As a group, sell-side analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Intel

Hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC lifted its holdings in Intel by 3,505.0% during the 3rd quarter. International Assets Investment Management LLC now owns 2,923,684 shares of the chip maker’s stock worth $68,590,000 after buying an additional 2,842,584 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in shares of Intel by 32.2% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 10,387 shares of the chip maker’s stock valued at $244,000 after acquiring an additional 2,531 shares in the last quarter. Silver Oak Securities Incorporated boosted its holdings in Intel by 12.1% in the third quarter. Silver Oak Securities Incorporated now owns 28,598 shares of the chip maker’s stock valued at $653,000 after purchasing an additional 3,087 shares during the period. Highland Capital Management LLC grew its stake in Intel by 7.6% during the 3rd quarter. Highland Capital Management LLC now owns 14,187 shares of the chip maker’s stock worth $333,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Osborne Partners Capital Management LLC increased its holdings in Intel by 3.9% during the 3rd quarter. Osborne Partners Capital Management LLC now owns 17,780 shares of the chip maker’s stock worth $417,000 after purchasing an additional 667 shares during the period. Institutional investors and hedge funds 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.