Intel (NASDAQ:INTC) Stock Price Down 3.2% – Should You Sell?

Intel Co. (NASDAQ:INTC) shares traded down 3.2% during mid-day trading on Wednesday . The company traded as low as $23.36 and last traded at $23.44. 20,339,076 shares were traded during trading, a decline of 72% from the average session volume of 71,871,972 shares. The stock had previously closed at $24.20.

Wall Street Analyst Weigh In

INTC has been the subject of several recent research reports. Stifel Nicolaus decreased their price objective on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Barclays cut their price objective on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Benchmark restated a “hold” rating on shares of Intel in a report on Friday, January 31st. Finally, Mizuho dropped their target price on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Four investment analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Intel has an average rating of “Hold” and an average price target of $27.04.

Intel Stock Down 3.2 %

The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $101.40 billion, a price-to-earnings ratio of -5.37 and a beta of 1.02. The business’s 50-day moving average is $22.15 and its 200-day moving average is $22.08.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Prostatis Group LLC grew its stake in Intel by 78.8% during the 4th quarter. Prostatis Group LLC now owns 44,426 shares of the chip maker’s stock worth $891,000 after purchasing an additional 19,573 shares in the last quarter. 111 Capital acquired a new position in shares of Intel in the 4th quarter valued at $855,000. PKO Investment Management Joint Stock Co purchased a new position in shares of Intel in the 4th quarter valued at $1,865,000. QSM Asset Management Ltd acquired a new stake in Intel during the 4th quarter worth $7,011,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Intel in the fourth quarter valued at $70,850,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

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.