Intel (NASDAQ:INTC) Trading Down 2.5% - Should You Sell?

Shares of Intel Co. (NASDAQ:INTC - Get Free Report) were down 2.5% on Friday . The company traded as low as $25.39 and last traded at $25.45. Approximately 34,847,180 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 95,607,469 shares. The stock had previously closed at $26.09.

Analysts Set New Price Targets

Several brokerages have recently issued reports on INTC. Roth Mkm reduced their price objective on Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Needham & Company LLC restated a "hold" rating on shares of Intel in a research note on Friday, January 31st. Rosenblatt Securities reaffirmed a "sell" rating and issued a $20.00 price objective on shares of Intel in a report on Thursday, January 30th. HSBC raised shares of Intel from a "reduce" rating to a "hold" rating in a report on Tuesday, January 21st. Finally, Northland Securities lowered their price target on shares of Intel from $42.00 to $28.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. Five analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $26.88.

Intel Stock Down 4.7 %

The business's 50 day moving average price is $20.84 and its 200-day moving average price is $21.65. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The firm has a market capitalization of $107.67 billion, a PE ratio of -5.68 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 return on equity of 3.27% and a negative net margin of 35.32%. As a group, equities research analysts forecast that Intel Co. will post -0.11 earnings per share for the current year.

Institutional Trading of Intel

Institutional investors and hedge funds have recently bought and sold shares of the business. Foundations Investment Advisors LLC raised its stake in shares of Intel by 5.4% in the third quarter. Foundations Investment Advisors LLC now owns 31,071 shares of the chip maker's stock valued at $729,000 after acquiring an additional 1,589 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Intel by 3,505.0% during the third quarter. International Assets Investment Management LLC now owns 2,923,684 shares of the chip maker's stock worth $68,590,000 after buying an additional 2,842,584 shares during the period. Hennion & Walsh Asset Management Inc. lifted its stake in Intel by 32.2% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 10,387 shares of the chip maker's stock worth $244,000 after acquiring an additional 2,531 shares during the last quarter. Legacy Capital Group California Inc. grew its holdings in Intel by 14.9% during the 3rd quarter. Legacy Capital Group California Inc. now owns 32,544 shares of the chip maker's stock worth $763,000 after acquiring an additional 4,228 shares in the last quarter. Finally, Silver Oak Securities Incorporated raised its holdings in shares of Intel by 12.1% in the 3rd quarter. Silver Oak Securities Incorporated now owns 28,598 shares of the chip maker's stock valued at $653,000 after purchasing an additional 3,087 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.