Intel (NASDAQ:INTC) Shares Down 5.4% - Should You Sell?

Intel Co. (NASDAQ:INTC - Get Free Report) shares traded down 5.4% on Wednesday . The stock traded as low as $25.46 and last traded at $25.91. 74,175,311 shares changed hands during mid-day trading, a decline of 21% from the average session volume of 93,443,813 shares. The stock had previously closed at $27.39.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Citigroup lowered their price objective on Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 21st. JPMorgan Chase & Co. cut their price objective on shares of Intel from $26.00 to $23.00 and set an "underweight" rating for the company in a report on Friday, January 31st. Stifel Nicolaus lowered their target price on shares of Intel from $25.00 to $21.00 and set a "hold" rating on the stock in a report on Friday, January 31st. Bank of America reiterated an "underperform" rating and issued a $21.00 price target on shares of Intel in a research report on Tuesday, December 3rd. Finally, UBS Group dropped their price objective on Intel from $26.00 to $23.00 and set a "neutral" rating on the stock in a report on Tuesday, January 21st. Five investment analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $26.88.

Intel Trading Down 3.4 %

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 $20.75 and its 200 day moving average price is $21.62. The stock has a market capitalization of $109.13 billion, a P/E ratio of -5.72 and a beta of 1.08.

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

Institutional Investors Weigh In On Intel

Large investors have recently modified their holdings of the stock. Finley Financial LLC purchased a new position in Intel during the fourth quarter valued at $25,000. Synergy Investment Management LLC purchased a new stake in Intel during the 4th quarter valued at about $27,000. Vermillion Wealth Management Inc. bought a new position in Intel in the 4th quarter valued at approximately $27,000. BankPlus Trust Department purchased a new stake in shares of Intel during the fourth quarter valued at $28,000. Finally, Keystone Financial Group Inc. bought a new stake in shares of Intel in the fourth quarter worth approximately $29,000. Institutional investors own 64.53% of the company's stock.

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.