Intel (NASDAQ:INTC) Shares Down 7.9% - Time to Sell?

Intel Co. (NASDAQ:INTC - Get Free Report) shares dropped 7.9% on Friday . The stock traded as low as $20.02 and last traded at $20.66. Approximately 63,218,261 shares were traded during mid-day trading, a decline of 16% from the average daily volume of 75,468,788 shares. The stock had previously closed at $22.43.

Analyst Ratings Changes

A number of equities analysts recently commented on INTC shares. Rosenblatt Securities reaffirmed a "sell" rating and set a $20.00 price target on shares of Intel in a research note on Thursday, January 30th. Cantor Fitzgerald boosted their target price on Intel from $22.00 to $29.00 and gave the company a "neutral" rating in a research report on Tuesday, February 18th. Truist Financial reduced their price target on Intel from $22.00 to $21.00 and set a "hold" rating on the stock in a report on Friday, January 31st. UBS Group dropped their price objective on Intel from $26.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, January 21st. Finally, Wells Fargo & Company reduced their target price on Intel from $28.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Friday, January 31st. Four research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $25.58.

Intel Trading Down 7.8 %

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 stock has a market cap of $86.59 billion, a PE ratio of -4.54 and a beta of 1.13. The stock has a 50-day moving average of $22.35 and a 200 day moving average of $22.14.

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Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. As a group, sell-side analysts anticipate that Intel Co. will post -0.11 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Finley Financial LLC acquired a new position in Intel during the fourth quarter worth about $25,000. Synergy Investment Management LLC acquired a new stake in shares of Intel in the 4th quarter worth $27,000. Vermillion Wealth Management Inc. purchased a new position in shares of Intel during the 4th quarter worth $27,000. BankPlus Trust Department acquired a new position in shares of Intel during the 4th quarter valued at about $28,000. Finally, Keystone Financial Group Inc. purchased a new stake in shares of Intel in the fourth quarter valued at about $29,000. 64.53% of the stock is owned by institutional investors and hedge funds.

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.