Intel (NASDAQ:INTC) Trading Down 0.2% - Should You Sell?

Intel Co. (NASDAQ:INTC - Get Free Report) shares were down 0.2% during trading on Thursday . The company traded as low as $19.19 and last traded at $19.27. Approximately 18,958,273 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 61,576,234 shares. The stock had previously closed at $19.30.

Analysts Set New Price Targets

Several research analysts have weighed in on INTC shares. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a report on Friday, November 1st. Truist Financial increased their target price on Intel from $25.00 to $26.00 and gave the stock a "hold" rating in a research note on Friday, November 1st. Bank of America reaffirmed an "underperform" rating and issued a $21.00 price target on shares of Intel in a research note on Tuesday, December 3rd. Stifel Nicolaus reiterated a "hold" rating and issued a $25.00 price target (down previously from $28.00) on shares of Intel in a report on Friday, October 25th. Finally, Northland Securities dropped their price objective on shares of Intel from $42.00 to $28.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. Six analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $30.04.

Intel Trading Down 1.2 %

The stock has a market cap of $82.21 billion, a price-to-earnings ratio of -5.12 and a beta of 1.05. The business has a 50-day simple moving average of $22.95 and a two-hundred day simple moving average of $24.97. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97.

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

Insider Transactions at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business's stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the sale, the executive vice president now directly owns 273,258 shares in the company, valued at $7,104,708. The trade was a 8.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.04% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Intel

A number of institutional investors have recently modified their holdings of the business. State Street Corp raised its stake in Intel by 2.8% in the 3rd quarter. State Street Corp now owns 197,958,739 shares of the chip maker's stock worth $4,644,112,000 after purchasing an additional 5,417,753 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Intel by 4.6% in the third quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker's stock valued at $2,162,891,000 after buying an additional 4,103,553 shares during the period. Primecap Management Co. CA boosted its stake in shares of Intel by 2.2% in the second quarter. Primecap Management Co. CA now owns 77,822,587 shares of the chip maker's stock valued at $2,410,166,000 after buying an additional 1,697,550 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Intel by 28.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 58,469,412 shares of the chip maker's stock worth $1,371,692,000 after acquiring an additional 12,865,308 shares during the period. Finally, Van ECK Associates Corp increased its stake in Intel by 27.2% during the 3rd quarter. Van ECK Associates Corp now owns 44,013,936 shares of the chip maker's stock worth $967,426,000 after acquiring an additional 9,422,136 shares during the period. Institutional investors own 64.53% of the company's stock.

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.