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

Intel Co. (NASDAQ:INTC - Get Free Report) fell 0.2% during trading on Friday . The stock traded as low as $20.66 and last traded at $20.76. 24,450,903 shares traded hands during mid-day trading, a decline of 60% from the average session volume of 61,158,254 shares. The stock had previously closed at $20.80.

Analyst Ratings Changes

Several brokerages recently weighed in on INTC. The Goldman Sachs Group cut their target price on shares of Intel from $22.00 to $21.00 and set a "sell" rating on the stock in a research note on Thursday, October 17th. Rosenblatt Securities reissued a "sell" rating and set a $17.00 price objective on shares of Intel in a report on Tuesday, October 29th. Benchmark reiterated a "hold" rating on shares of Intel in a research note on Friday, November 1st. Mizuho upped their price objective on shares of Intel from $22.00 to $23.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. Finally, Robert W. Baird lifted 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. Six research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, Intel has a consensus rating of "Hold" and an average target price of $30.04.

Intel Stock Up 0.7 %

The firm has a market cap of $90.31 billion, a PE ratio of -5.58 and a beta of 1.05. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. The firm's 50 day moving average is $23.40 and its 200-day moving average is $25.67.

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

Insider Transactions at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the sale, the executive vice president now directly owns 273,258 shares of the company's stock, valued at $7,104,708. The trade was a 8.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.04% of the company's stock.

Institutional Investors Weigh In On Intel

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. CX Institutional lifted its position in shares of Intel by 28.9% during the second quarter. CX Institutional now owns 22,691 shares of the chip maker's stock worth $703,000 after purchasing an additional 5,091 shares during the last quarter. Southland Equity Partners LLC bought a new position in Intel in the second quarter worth about $207,000. Sax Wealth Advisors LLC boosted its stake in Intel by 15.1% in the second quarter. Sax Wealth Advisors LLC now owns 12,332 shares of the chip maker's stock valued at $382,000 after acquiring an additional 1,621 shares during the period. Wolff Wiese Magana LLC grew its holdings in shares of Intel by 141.8% during the second quarter. Wolff Wiese Magana LLC now owns 2,072 shares of the chip maker's stock valued at $64,000 after purchasing an additional 1,215 shares during the last quarter. Finally, Twelve Points Wealth Management LLC raised its position in shares of Intel by 10.3% during the 2nd quarter. Twelve Points Wealth Management LLC now owns 17,382 shares of the chip maker's stock worth $538,000 after purchasing an additional 1,624 shares during the period. 64.53% of the stock is currently owned by institutional investors and hedge funds.

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.

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