Intel (NASDAQ:INTC) Trading Down 3.2% - Should You Sell?

Intel Co. (NASDAQ:INTC - Get Free Report)'s stock price dropped 3.2% during mid-day trading on Wednesday . The company traded as low as $23.36 and last traded at $23.44. Approximately 20,339,076 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 71,871,972 shares. The stock had previously closed at $24.20.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on INTC shares. Citigroup decreased their price objective on Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a research note on Tuesday, January 21st. Cantor Fitzgerald increased their price target on shares of Intel from $22.00 to $29.00 and gave the company a "neutral" rating in a research report on Tuesday, February 18th. Rosenblatt Securities restated a "sell" rating and issued a $20.00 price target on shares of Intel in a report on Thursday, January 30th. UBS Group reduced their price objective on shares of Intel from $26.00 to $23.00 and set a "neutral" rating for the company in a research note on Tuesday, January 21st. Finally, Wells Fargo & Company decreased their target price on shares of Intel from $28.00 to $25.00 and set an "equal weight" rating for the company in a research report on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, Intel has a consensus rating of "Hold" and an average price target of $27.04.

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Intel Stock Performance

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 company has a market capitalization of $98.33 billion, a PE ratio of -5.18 and a beta of 1.02. The stock has a 50-day simple moving average of $22.33 and a 200 day simple moving average of $22.12.

Intel (NASDAQ:INTC - Get Free Report) last announced its 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%. Equities analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Prostatis Group LLC increased its position in Intel by 78.8% during the fourth quarter. Prostatis Group LLC now owns 44,426 shares of the chip maker's stock worth $891,000 after purchasing an additional 19,573 shares during the last quarter. 111 Capital acquired a new stake in shares of Intel during the 4th quarter worth $855,000. PKO Investment Management Joint Stock Co purchased a new position in shares of Intel in the 4th quarter worth $1,865,000. QSM Asset Management Ltd acquired a new position in Intel in the fourth quarter valued at $7,011,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Intel during the fourth quarter valued at about $70,850,000. 64.53% of the stock is currently 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.