Intel (NASDAQ:INTC) Stock Price Down 6.1% – Should You Sell?

Intel Co. (NASDAQ:INTC) traded down 6.1% during trading on Thursday . The company traded as low as $19.85 and last traded at $20.21. 39,520,931 shares traded hands during mid-day trading, a decline of 49% from the average session volume of 77,124,208 shares. The stock had previously closed at $21.53.

Wall Street Analyst Weigh In

A number of research firms have issued reports on INTC. Bank of America raised shares of Intel from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $19.00 to $25.00 in a research report on Thursday, March 13th. Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Barclays reduced their price objective 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. Citigroup dropped their target price on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Finally, Truist Financial dropped their price objective on shares of Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Four research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $25.58.

Intel Stock Performance

The company has a market capitalization of $86.84 billion, a PE ratio of -4.54 and a beta of 1.13. The stock’s 50-day simple moving average is $22.35 and its 200 day simple moving average is $22.14. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Lakeshore Capital Group Inc. lifted its holdings in shares of Intel by 7.0% in the 1st quarter. Lakeshore Capital Group Inc. now owns 12,286 shares of the chip maker’s stock valued at $279,000 after purchasing an additional 808 shares during the last quarter. SS&H Financial Advisors Inc. acquired a new stake in shares of Intel in the first quarter valued at approximately $219,000. Apella Capital LLC boosted its holdings in shares of Intel by 20.1% in the first quarter. Apella Capital LLC now owns 14,362 shares of the chip maker’s stock valued at $309,000 after acquiring an additional 2,405 shares during the period. Hennion & Walsh Asset Management Inc. grew its position in shares of Intel by 32.7% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 18,455 shares of the chip maker’s stock worth $419,000 after acquiring an additional 4,549 shares during the last quarter. Finally, RFG Advisory LLC increased its holdings in shares of Intel by 53.6% in the 1st quarter. RFG Advisory LLC now owns 75,988 shares of the chip maker’s stock valued at $1,726,000 after acquiring an additional 26,527 shares during the period. 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.