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

Shares of Intel Co. (NASDAQ:INTC - Get Free Report) dropped 0.9% during trading on Wednesday . The company traded as low as $21.70 and last traded at $21.86. Approximately 12,461,145 shares were traded during trading, a decline of 83% from the average daily volume of 74,507,667 shares. The stock had previously closed at $22.05.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Rosenblatt Securities reissued a "sell" rating and issued a $20.00 price objective on shares of Intel in a research report on Thursday, January 30th. Roth Mkm decreased their price target on shares of Intel from $25.00 to $20.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. JPMorgan Chase & Co. dropped their price objective on shares of Intel from $26.00 to $23.00 and set an "underweight" rating on the stock in a report on Friday, January 31st. Benchmark restated a "hold" rating on shares of Intel in a research report on Friday, January 31st. Finally, Hsbc Global Res raised shares of Intel from a "moderate sell" rating to a "hold" rating in a report on Tuesday, January 21st. Four research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $27.04.

Intel Stock Up 2.0 %

The stock has a market cap of $97.81 billion, a P/E ratio of -5.12 and a beta of 1.13. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The firm's 50-day moving average is $22.38 and its two-hundred day moving average is $22.20.

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Intel (NASDAQ:INTC - Get Free Report) last released its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. On average, equities research analysts anticipate that Intel Co. will post -0.11 earnings per share for the current year.

Institutional Investors Weigh In On Intel

Institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank acquired a new stake in Intel during the 4th quarter worth $1,246,569,000. Two Sigma Advisers LP bought a new position in shares of Intel in the 4th quarter worth $289,752,000. Assenagon Asset Management S.A. grew its stake in shares of Intel by 264.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker's stock worth $393,323,000 after purchasing an additional 14,227,458 shares during the period. Two Sigma Investments LP bought a new position in Intel during the fourth quarter worth about $237,457,000. Finally, Toronto Dominion Bank grew its position in shares of Intel by 286.8% during the 4th quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock worth $211,114,000 after buying an additional 7,806,882 shares during the period. 64.53% of the stock is 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.