Intel (NASDAQ:INTC) Stock Price Down 1.8% - Here's Why

Intel Co. (NASDAQ:INTC - Get Free Report)'s share price was down 1.8% on Tuesday . The company traded as low as $19.74 and last traded at $19.92. Approximately 20,066,584 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 64,901,277 shares. The stock had previously closed at $20.29.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Rosenblatt Securities reiterated a "sell" rating and issued a $20.00 target price on shares of Intel in a research note on Thursday. Hsbc Global Res upgraded shares of Intel from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, January 21st. Bank of America restated an "underperform" rating and issued a $21.00 target price on shares of Intel in a research note on Tuesday, December 3rd. Roth Mkm decreased their target price on shares of Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a research note on Friday. Finally, Mizuho dropped their target price on Intel from $23.00 to $21.00 and set a "neutral" rating on the stock in a research report on Friday, January 10th. Five research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $26.60.

Intel Stock Down 2.9 %

The stock has a market cap of $83.80 billion, a P/E ratio of -5.22, a P/E/G ratio of 9.64 and a beta of 1.07. The firm has a 50 day simple moving average of $20.78 and a two-hundred day simple moving average of $22.43. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31.

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 net margin of 29.42% and a negative return on equity of 1.71%. Equities research analysts predict that Intel Co. will post -0.87 earnings per share for the current year.

Insider Activity

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business's stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the sale, the executive vice president now directly owns 273,258 shares of the company's stock, valued at $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.04% of the company's stock.

Institutional Trading of Intel

Several institutional investors and hedge funds have recently bought and sold shares of INTC. Quest Partners LLC raised its holdings in shares of Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock valued at $30,000 after acquiring an additional 1,253 shares during the period. Finley Financial LLC acquired a new stake in Intel during the 4th quarter valued at $25,000. Keystone Financial Group Inc. acquired a new stake in shares of Intel in the fourth quarter worth $29,000. FSA Wealth Management LLC purchased a new position in shares of Intel during the third quarter valued at $34,000. Finally, Capital Performance Advisors LLP acquired a new position in Intel during the third quarter valued at $36,000. Institutional investors and hedge funds own 64.53% of the company's stock.

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.