Intel (NASDAQ:INTC) Shares Down 2% – Should You Sell?

Intel Co. (NASDAQ:INTC) shares were down 2% during mid-day trading on Thursday . The company traded as low as $21.30 and last traded at $21.54. Approximately 41,557,413 shares were traded during trading, a decline of 44% from the average daily volume of 74,749,912 shares. The stock had previously closed at $21.98.

Wall Street Analyst Weigh In

INTC has been the topic of a number of recent analyst reports. Rosenblatt Securities reaffirmed a “sell” rating and issued a $20.00 target price on shares of Intel in a research note on Thursday, January 30th. Citigroup reduced their target price on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Stifel Nicolaus cut 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 upgraded Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Finally, Bank of America raised shares of Intel from an “underperform” rating to a “neutral” rating and increased their target price for the company from $19.00 to $25.00 in a report on Thursday, March 13th. Four research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $27.04.

Intel Price Performance

The firm’s fifty day simple moving average is $22.36 and its 200-day simple moving average is $22.20. 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 firm has a market capitalization of $97.81 billion, a PE ratio of -5.12 and a beta of 1.13.

Intel (NASDAQ:INTC) last released its quarterly 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%. On average, research analysts forecast that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Intel

Several institutional investors and hedge funds have recently bought and sold shares of INTC. Finley Financial LLC bought a new position in shares of Intel during the 4th quarter valued at approximately $25,000. Synergy Investment Management LLC purchased a new stake in shares of Intel in the fourth quarter worth $27,000. Vermillion Wealth Management Inc. purchased a new position in shares of Intel during the 4th quarter valued at $27,000. BankPlus Trust Department purchased a new position in shares of Intel in the fourth quarter valued at about $28,000. Finally, Keystone Financial Group Inc. bought a new position in Intel in the 4th quarter worth approximately $29,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

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.