Intel (NASDAQ:INTC) Shares Gap Down - Time to Sell?

Shares of Intel Co. (NASDAQ:INTC - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $19.88, but opened at $19.25. Intel shares last traded at $18.92, with a volume of 37,296,479 shares trading hands.

Analyst Ratings Changes

A number of brokerages have commented on INTC. Barclays decreased their price objective on Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research report on Friday, January 17th. HSBC raised shares of Intel from a "reduce" rating to a "hold" rating in a research report on Tuesday, January 21st. Cantor Fitzgerald raised their price target on Intel from $22.00 to $29.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 18th. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a report on Friday, January 31st. Finally, Rosenblatt Securities reiterated a "sell" rating and set a $20.00 price target on shares of Intel in a report on Thursday, January 30th. Four equities research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $25.58.

Intel Trading Down 0.7 %

The company has a market cap of $86.08 billion, a price-to-earnings ratio of -4.51 and a beta of 1.13. The business's fifty day moving average price is $22.37 and its 200 day moving average price is $22.08. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98.

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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 the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Research analysts anticipate that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Intel

A number of large investors have recently added to or reduced their stakes in the company. Morse Asset Management Inc purchased a new position in Intel in the third quarter worth about $354,000. Arete Wealth Advisors LLC bought a new stake in shares of Intel during the third quarter valued at approximately $203,000. Advisory Resource Group boosted its holdings in shares of Intel by 6.7% during the 3rd quarter. Advisory Resource Group now owns 16,579 shares of the chip maker's stock valued at $389,000 after purchasing an additional 1,034 shares during the last quarter. SOA Wealth Advisors LLC. boosted its position in shares of Intel by 7.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 9,076 shares of the chip maker's stock valued at $213,000 after acquiring an additional 615 shares during the last quarter. Finally, World Investment Advisors LLC lifted its holdings in shares of Intel by 59.6% in the 3rd quarter. World Investment Advisors LLC now owns 42,990 shares of the chip maker's stock valued at $1,009,000 after acquiring an additional 16,046 shares during the last quarter. 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.