Intel (NASDAQ:INTC) Trading Down 1.9% – Time to Sell?

Intel Co. (NASDAQ:INTC) was down 1.9% during mid-day trading on Monday . The stock traded as low as $21.75 and last traded at $22.28. Approximately 20,695,945 shares changed hands during trading, a decline of 72% from the average daily volume of 74,446,300 shares. The stock had previously closed at $22.71.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Wells Fargo & Company lowered their target price on Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. UBS Group reduced their price target on Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Roth Mkm lowered their price objective on Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Finally, Benchmark reissued a “hold” rating on shares of Intel in a report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Intel currently has a consensus rating of “Hold” and an average target price of $27.04.

Intel Stock Performance

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 stock has a market cap of $95.48 billion, a P/E ratio of -5.03 and a beta of 1.02. The business has a 50 day moving average price of $22.36 and a 200 day moving average price of $22.20.

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

Hedge Funds Weigh In On Intel

A number of hedge funds have recently added to or reduced their stakes in INTC. Norges Bank bought a new position in Intel in the fourth quarter worth approximately $1,246,569,000. Two Sigma Advisers LP bought a new position in shares of Intel during the 4th quarter worth $289,752,000. Assenagon Asset Management S.A. raised its holdings in shares of Intel by 264.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker’s stock valued at $393,323,000 after acquiring an additional 14,227,458 shares in the last quarter. Two Sigma Investments LP purchased a new stake in Intel in the fourth quarter worth about $237,457,000. Finally, Toronto Dominion Bank lifted its stake in Intel by 286.8% in the fourth quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker’s stock worth $211,114,000 after acquiring an additional 7,806,882 shares during the period. 64.53% of the stock is currently owned by institutional investors.

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.