Intel (NASDAQ:INTC) Shares Down 2.3% - Should You Sell?

Intel Co. (NASDAQ:INTC - Get Free Report) shares dropped 2.3% during mid-day trading on Friday . The stock traded as low as $20.87 and last traded at $21.07. Approximately 21,834,080 shares were traded during trading, a decline of 66% from the average daily volume of 63,873,793 shares. The stock had previously closed at $21.57.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on INTC. Hsbc Global Res raised shares of Intel from a "moderate sell" rating to a "hold" rating in a report on Tuesday. UBS Group lowered their price target on shares of Intel from $26.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday. Stifel Nicolaus reaffirmed a "hold" rating and issued a $25.00 price objective (down from $28.00) on shares of Intel in a research note on Friday, October 25th. HSBC upgraded Intel from a "reduce" rating to a "hold" rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Intel from $27.00 to $25.00 and set a "hold" rating on the stock in a research note on Thursday, October 3rd. Five equities research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $28.81.

Intel Stock Down 3.4 %

The stock has a market capitalization of $89.84 billion, a PE ratio of -5.60, a price-to-earnings-growth ratio of 9.72 and a beta of 1.07. 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 fifty day moving average price is $21.30 and its two-hundred day moving average price is $23.11.

Intel (NASDAQ:INTC - Get Free Report) last announced 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 firm had revenue of $13.30 billion during the quarter, compared to analysts' expectations of $13.02 billion. During the same quarter in the previous year, the business earned $0.28 earnings per share. The company's revenue for the quarter was down 6.3% compared to the same quarter last year. On average, equities research analysts forecast that Intel Co. will post -0.87 EPS for the current fiscal year.

Insider Activity at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company's stock in a transaction that occurred 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 sale, the executive vice president now owns 273,258 shares in the company, valued at approximately $7,104,708. This represents a 8.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.04% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. 1832 Asset Management L.P. boosted its position in Intel by 23.7% during the second quarter. 1832 Asset Management L.P. now owns 3,977 shares of the chip maker's stock worth $123,000 after purchasing an additional 762 shares in the last quarter. AlTi Global Inc. increased its holdings in Intel by 1.3% in the 2nd quarter. AlTi Global Inc. now owns 62,568 shares of the chip maker's stock worth $1,938,000 after acquiring an additional 818 shares in the last quarter. AXA S.A. raised its position in Intel by 23.4% during the second quarter. AXA S.A. now owns 1,107,223 shares of the chip maker's stock worth $34,291,000 after acquiring an additional 209,710 shares during the period. AQR Capital Management LLC grew its position in shares of Intel by 44.6% in the second quarter. AQR Capital Management LLC now owns 3,774,633 shares of the chip maker's stock valued at $116,844,000 after purchasing an additional 1,164,725 shares during the period. Finally, APG Asset Management N.V. increased its stake in shares of Intel by 1.2% during the second quarter. APG Asset Management N.V. now owns 2,774,904 shares of the chip maker's stock worth $80,185,000 after purchasing an additional 32,319 shares in the last quarter. Hedge funds and other institutional investors 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.