Intel (NASDAQ:INTC) Shares Down 3.6% – Should You Sell?

Intel Co. (NASDAQ:INTC)’s stock price dropped 3.6% during mid-day trading on Friday . The company traded as low as $22.56 and last traded at $22.77. Approximately 18,848,134 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 71,998,265 shares. The stock had previously closed at $23.62.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on INTC shares. Mizuho reduced their price objective on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Rosenblatt Securities reiterated a “sell” rating and issued a $20.00 target price on shares of Intel in a research report on Thursday, January 30th. Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Benchmark reiterated a “hold” rating on shares of Intel in a report on Friday, January 31st. Finally, Roth Mkm decreased their target price on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $27.04.

Intel Stock Down 3.7 %

The firm’s 50-day moving average price is $22.30 and its two-hundred day moving average price is $22.10. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The firm has a market cap of $98.49 billion, a PE ratio of -5.19 and a beta of 1.02.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) 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, equities research analysts expect that Intel Co. will post -0.11 EPS for the current fiscal year.

Institutional Trading of Intel

A number of hedge funds have recently added to or reduced their stakes in INTC. Prostatis Group LLC increased its position 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 during the period. 111 Capital acquired a new position in Intel during the fourth quarter worth $855,000. PKO Investment Management Joint Stock Co purchased a new position in Intel in the fourth quarter worth $1,865,000. QSM Asset Management Ltd acquired a new stake in Intel in the fourth quarter valued at $7,011,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Intel during the 4th quarter worth $70,850,000. 64.53% of the stock is owned by institutional investors and hedge funds.

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.