Intel (NASDAQ:INTC) Trading Down 0.6% – Time to Sell?

Intel Co. (NASDAQ:INTC)’s share price fell 0.6% during trading on Thursday . The company traded as low as $19.71 and last traded at $19.88. 47,783,496 shares traded hands during mid-day trading, a decline of 17% from the average session volume of 57,634,414 shares. The stock had previously closed at $20.01.

Analysts Set New Price Targets

INTC has been the topic of a number of research reports. Robert W. Baird upped their target price on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Benchmark reiterated a “hold” rating on shares of Intel in a report on Friday, November 1st. Rosenblatt Securities restated a “sell” rating and issued a $17.00 target price on shares of Intel in a report on Tuesday, October 29th. Truist Financial lifted their price target on Intel from $25.00 to $26.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $25.00 price objective (down from $28.00) on shares of Intel in a research note on Friday, October 25th. Six research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Intel presently has a consensus rating of “Hold” and a consensus target price of $30.04.

Intel Price Performance

The firm has a market cap of $85.74 billion, a P/E ratio of -5.34 and a beta of 1.07. The business’s fifty day simple moving average is $22.15 and its 200-day simple moving average is $23.86. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). The company had revenue of $13.30 billion for the quarter, compared to analysts’ expectations of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period last year, the company posted $0.28 EPS. As a group, analysts forecast that Intel Co. will post -0.87 EPS for the current fiscal year.

Insider Buying and Selling

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the sale, the executive vice president now owns 273,258 shares of the company’s stock, valued at $7,104,708. This trade represents a 8.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.04% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Intel

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Headlands Technologies LLC bought a new stake in Intel during the second quarter worth about $2,742,000. America First Investment Advisors LLC bought a new position in Intel during the second quarter valued at approximately $25,000. Marco Investment Management LLC grew its position in Intel by 0.8% during the second quarter. Marco Investment Management LLC now owns 177,285 shares of the chip maker’s stock valued at $5,491,000 after acquiring an additional 1,462 shares during the last quarter. HHM Wealth Advisors LLC lifted its holdings in shares of Intel by 38.2% in the 2nd quarter. HHM Wealth Advisors LLC now owns 8,389 shares of the chip maker’s stock worth $260,000 after acquiring an additional 2,320 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. lifted its holdings in shares of Intel by 81.2% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 20,770 shares of the chip maker’s stock worth $640,000 after acquiring an additional 9,307 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other 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.