Intel (NASDAQ:INTC) Stock Price Down 0.9% - Time to Sell?

Intel Co. (NASDAQ:INTC - Get Free Report)'s stock price dropped 0.9% during trading on Monday . The stock traded as low as $20.56 and last traded at $20.65. Approximately 25,974,096 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 64,282,875 shares. The stock had previously closed at $20.83.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on INTC. Truist Financial upped their target price on shares of Intel from $25.00 to $26.00 and gave the stock a "hold" rating in a report on Friday, November 1st. Citigroup dropped their price objective on shares of Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a report on Tuesday, January 21st. Northland Securities reduced their target price on Intel from $42.00 to $28.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. Rosenblatt Securities reaffirmed a "sell" rating and set a $17.00 price target on shares of Intel in a report on Tuesday, October 29th. Finally, Robert W. Baird boosted their price objective on Intel from $20.00 to $25.00 and gave the stock a "neutral" rating in a research note on Friday, November 1st. Five investment analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Intel currently has an average rating of "Hold" and an average price target of $27.88.

Intel Trading Down 2.6 %

The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The business's 50-day moving average price is $21.23 and its two-hundred day moving average price is $22.85. The company has a market capitalization of $87.51 billion, a P/E ratio of -5.45, a PEG ratio of 9.72 and a beta of 1.07.

Intel (NASDAQ:INTC - Get Free Report) last posted its earnings results 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 business had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The firm's revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.28 earnings per share. As a group, analysts forecast that Intel Co. will post -0.87 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business'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 directly owns 273,258 shares in the company, valued at $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.04% of the company's stock.

Institutional Investors Weigh In On Intel

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp grew its stake in Intel by 2.8% in the third quarter. State Street Corp now owns 197,958,739 shares of the chip maker's stock valued at $4,644,112,000 after purchasing an additional 5,417,753 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Intel by 4.6% during the 3rd quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker's stock worth $2,162,891,000 after buying an additional 4,103,553 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Intel by 28.2% during the third 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. Van ECK Associates Corp grew its holdings in Intel by 27.2% in the 3rd quarter. Van ECK Associates Corp now owns 44,013,936 shares of the chip maker's stock valued at $967,426,000 after buying an additional 9,422,136 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Intel by 7.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 31,690,418 shares of the chip maker's stock worth $743,457,000 after acquiring an additional 2,248,332 shares during the period. Institutional investors and hedge funds own 64.53% of the company's stock.

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.