Intel (NASDAQ:INTC) Trading Down 3.6% - Should You Sell?

Intel Co. (NASDAQ:INTC - Get Free Report)'s share price dropped 3.6% on Wednesday . The company traded as low as $20.49 and last traded at $20.56. Approximately 32,985,692 shares were traded during trading, a decline of 66% from the average daily volume of 97,783,758 shares. The stock had previously closed at $21.33.

Analysts Set New Price Targets

INTC has been the subject of a number of research reports. Cantor Fitzgerald upped their price target on shares of Intel from $22.00 to $29.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 18th. Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a research report on Friday, January 31st. HSBC raised shares of Intel from a "reduce" rating to a "hold" rating in a research report on Tuesday, January 21st. Citigroup decreased their price target on shares of Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a research report on Tuesday, January 21st. Finally, Bank of America reaffirmed an "underperform" rating and set a $21.00 price target on shares of Intel in a research report on Tuesday, December 3rd. Five analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $26.88.

Intel Stock Down 0.5 %

The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The firm's 50-day moving average price is $21.30 and its 200 day moving average price is $21.81. The firm has a market cap of $89.37 billion, a P/E ratio of -4.71 and a beta of 1.02.

Remove Ads

Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) 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 expect that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Intel

A number of large investors have recently bought and sold shares of the business. QSM Asset Management Ltd bought a new position in Intel in the fourth quarter worth about $7,011,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Intel in the fourth quarter worth about $70,850,000. Yoffe Investment Management LLC bought a new position in Intel in the fourth quarter worth about $357,000. Lakeshore Capital Group Inc. bought a new position in Intel in the fourth quarter worth about $230,000. Finally, Ameriflex Group Inc. acquired a new stake in shares of Intel in the fourth quarter valued at approximately $139,000. 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.