Intel (NASDAQ:INTC) Stock Price Down 0.9% - What's Next?

Intel Co. (NASDAQ:INTC - Get Free Report) shares fell 0.9% during mid-day trading on Thursday . The company traded as low as $19.40 and last traded at $19.54. 12,605,993 shares were traded during mid-day trading, a decline of 76% from the average session volume of 52,502,574 shares. The stock had previously closed at $19.72.

Wall Street Analysts Forecast Growth

Several research analysts have commented on INTC shares. Mizuho dropped their price target on Intel from $23.00 to $21.00 and set a "neutral" rating on the stock in a research report on Friday, January 10th. Rosenblatt Securities reiterated a "sell" rating and set a $17.00 target price on shares of Intel in a research note on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Intel from $27.00 to $25.00 and set a "hold" rating on the stock in a report on Thursday, October 3rd. Barclays decreased their target price on Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Friday. Finally, Stifel Nicolaus restated a "hold" rating and set a $25.00 price target (down from $28.00) on shares of Intel in a research note on Friday, October 25th. Six research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $29.88.

Intel Stock Up 9.3 %

The firm's 50-day moving average is $21.55 and its two-hundred day moving average is $23.32. The stock has a market cap of $92.69 billion, a P/E ratio of -5.78, a PEG ratio of 8.53 and a beta of 1.07. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31.

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

Insiders Place Their Bets

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 value of $650,000.00. Following the completion of the transaction, the executive vice president now 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 hyperlink. Company insiders own 0.04% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Finley Financial LLC acquired a new position in shares of Intel in the 4th quarter valued at approximately $25,000. Cyrus J. Lawrence LLC bought a new position in Intel in the second quarter valued at approximately $27,000. Quest Partners LLC boosted its holdings in shares of Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock valued at $30,000 after buying an additional 1,253 shares during the period. West Financial Advisors LLC bought a new stake in shares of Intel during the fourth quarter worth $31,000. Finally, Groupama Asset Managment raised its holdings in shares of Intel by 6.3% during the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker's stock worth $32,000 after acquiring an additional 8,084 shares during the period. 64.53% of the stock is 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.