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

Intel Co. (NASDAQ:INTC - Get Free Report)'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $27.39, but opened at $25.98. Intel shares last traded at $25.80, with a volume of 35,658,448 shares changing hands.

Analysts Set New Price Targets

Several brokerages recently issued reports on INTC. Bank of America reissued an "underperform" rating and issued a $21.00 price target on shares of Intel in a research report on Tuesday, December 3rd. Rosenblatt Securities reissued a "sell" rating and set a $20.00 price target on shares of Intel in a research report on Thursday, January 30th. HSBC upgraded shares of Intel from a "reduce" rating to a "hold" rating in a report on Tuesday, January 21st. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a research note on Friday, January 31st. Finally, Mizuho cut their target price on Intel from $23.00 to $21.00 and set a "neutral" rating on the stock in a research note on Friday, January 10th. 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 stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $26.88.

Intel Stock Performance

The business has a 50 day moving average of $20.75 and a 200-day moving average of $21.62. The company has a market capitalization of $108.54 billion, a P/E ratio of -5.71 and a beta of 1.08. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly 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, sell-side analysts predict that Intel Co. will post -0.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Cornerstone Advisory LLC increased its stake in Intel by 4.3% in the 4th quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker's stock worth $198,000 after acquiring an additional 409 shares during the last quarter. Evergreen Capital Management LLC increased its position in shares of Intel by 1.0% in the fourth quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker's stock worth $840,000 after purchasing an additional 419 shares during the last quarter. Dunhill Financial LLC raised its stake in Intel by 22.6% in the third quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker's stock valued at $56,000 after purchasing an additional 438 shares in the last quarter. Federated Hermes Inc. lifted its position in Intel by 0.3% during the fourth quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker's stock valued at $3,263,000 after purchasing an additional 456 shares during the last quarter. Finally, Beaton Management Co. Inc. grew its stake in Intel by 2.2% in the 3rd quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker's stock worth $544,000 after buying an additional 500 shares in the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

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.