Intel (NASDAQ:INTC) Trading Down 1.8% - What's Next?

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

Analyst Upgrades and Downgrades

INTC has been the topic of a number of recent research reports. Stifel Nicolaus lowered their price objective on Intel from $25.00 to $21.00 and set a "hold" rating on the stock in a research note on Friday. Roth Mkm dropped their target price on shares of Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a research report on Friday. UBS Group decreased their price objective on shares of Intel from $26.00 to $23.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 21st. The Goldman Sachs Group decreased their price target on Intel from $22.00 to $21.00 and set a "sell" rating on the stock in a research note on Thursday, October 17th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Intel from $26.00 to $23.00 and set an "underweight" rating on the stock in a research note on Friday. Five investment analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Intel presently has an average rating of "Hold" and an average target price of $26.60.

Intel Stock Down 2.5 %

The stock has a market cap of $84.18 billion, a price-to-earnings ratio of -5.24, a PEG ratio of 9.64 and a beta of 1.07. The stock has a 50 day simple moving average of $20.88 and a 200 day simple moving average of $22.62. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC - Get Free Report) last issued 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 return on equity of 1.71% and a negative net margin of 29.42%. As a group, analysts expect that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Insider Buying and Selling at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the transaction, the executive vice president now directly owns 273,258 shares of the company's stock, valued at $7,104,708. This represents a 8.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.04% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Finley Financial LLC purchased a new position in Intel in the 4th quarter valued at approximately $25,000. Keystone Financial Group Inc. bought a new position in Intel in the 4th quarter worth about $29,000. Quest Partners LLC grew its holdings in Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock valued at $30,000 after buying an additional 1,253 shares in the last quarter. West Financial Advisors LLC purchased a new stake in shares of Intel in the fourth quarter worth about $31,000. Finally, Groupama Asset Managment boosted its position in shares of Intel by 6.3% in the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker's stock valued at $32,000 after acquiring an additional 8,084 shares during the period. Hedge funds and other institutional investors 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.