Intel (NASDAQ:INTC) Trading Down 1.7% – Here’s What Happened

Intel Co. (NASDAQ:INTC) shares were down 1.7% during mid-day trading on Monday . The stock traded as low as $18.56 and last traded at $19.51. Approximately 51,915,965 shares traded hands during mid-day trading, a decline of 32% from the average daily volume of 75,927,601 shares. The stock had previously closed at $19.85.

Analyst Upgrades and Downgrades

A number of research analysts have commented on INTC shares. UBS Group decreased their price objective on Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Rosenblatt Securities reiterated a “sell” rating and issued a $20.00 price objective on shares of Intel in a research note on Thursday, January 30th. Truist Financial lowered their target price on shares of Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Barclays cut their price target on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Finally, 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 note on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $25.58.

Intel Stock Up 18.8 %

The company’s 50-day simple moving average is $22.28 and its 200 day simple moving average is $22.15. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The firm has a market cap of $93.88 billion, a P/E ratio of -4.92 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) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Research analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Intel

A number of hedge funds have recently added to or reduced their stakes in INTC. Finley Financial LLC purchased a new stake in Intel in the fourth quarter worth about $25,000. Synergy Investment Management LLC purchased a new stake in shares of Intel in the 4th quarter worth approximately $27,000. Vermillion Wealth Management Inc. bought a new position in shares of Intel during the fourth quarter valued at approximately $27,000. BankPlus Trust Department purchased a new position in Intel during the fourth quarter valued at approximately $28,000. Finally, Keystone Financial Group Inc. bought a new position in Intel in the fourth quarter worth approximately $29,000. 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.