Intel (NASDAQ:INTC) Shares Gap Down - What's Next?

Intel Co. (NASDAQ:INTC - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $25.92, but opened at $24.90. Intel shares last traded at $24.48, with a volume of 19,626,843 shares changing hands.

Analysts Set New Price Targets

INTC has been the topic of several research reports. Mizuho decreased their price target on shares of Intel from $23.00 to $21.00 and set a "neutral" rating on the stock in a research note on Friday, January 10th. Benchmark reissued a "hold" rating on shares of Intel in a research note on Friday, January 31st. Rosenblatt Securities restated a "sell" rating and set a $20.00 price target on shares of Intel in a research report on Thursday, January 30th. Truist Financial decreased their price target on Intel from $22.00 to $21.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. Finally, Wells Fargo & Company dropped their price objective on Intel from $28.00 to $25.00 and set an "equal weight" rating for the company in a research note on Friday, January 31st. Four analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $27.04.

Intel Stock Down 0.2 %

The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The company's fifty day moving average price is $22.05 and its 200-day moving average price is $22.04. The stock has a market capitalization of $104.87 billion, a PE ratio of -5.53 and a beta of 1.02.

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Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data 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 net margin of 35.32% and a negative return on equity of 3.27%. Analysts forecast that Intel Co. will post -0.11 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Quest Partners LLC raised its holdings in Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock worth $30,000 after acquiring an additional 1,253 shares during the last quarter. Finley Financial LLC bought a new stake in shares of Intel in the 4th quarter worth $25,000. Vermillion Wealth Management Inc. purchased a new position in shares of Intel in the fourth quarter worth $27,000. Synergy Investment Management LLC bought a new position in shares of Intel during the fourth quarter valued at $27,000. Finally, BankPlus Trust Department purchased a new stake in shares of Intel during the fourth quarter valued at $28,000. 64.53% of the stock is owned by hedge funds and other 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.