Intel (NASDAQ:INTC) Trading Down 2.1% - Time to Sell?

Intel Co. (NASDAQ:INTC - Get Free Report)'s share price dropped 2.1% on Tuesday . The stock traded as low as $24.11 and last traded at $24.33. Approximately 10,066,491 shares were traded during trading, a decline of 83% from the average daily volume of 59,837,789 shares. The stock had previously closed at $24.84.

Analysts Set New Price Targets

A number of equities analysts recently commented on INTC shares. StockNews.com downgraded shares of Intel from a "hold" rating to a "sell" rating in a research note on Friday, August 9th. Rosenblatt Securities reissued a "sell" rating and issued a $17.00 price objective on shares of Intel in a research note on Tuesday, October 29th. JPMorgan Chase & Co. cut their price objective on shares of Intel from $35.00 to $26.00 and set an "underweight" rating on the stock in a research report on Friday, August 2nd. Northland Securities decreased their target price on shares of Intel from $42.00 to $28.00 and set an "outperform" rating for the company in a research report on Friday, November 1st. Finally, Morgan Stanley cut their price target on shares of Intel from $36.00 to $25.00 and set an "equal weight" rating on the stock in a report on Friday, August 2nd. Six equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Intel has an average rating of "Hold" and a consensus target price of $30.12.

Intel Price Performance

The company has a market capitalization of $104.29 billion, a PE ratio of -6.54 and a beta of 1.03. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The company's 50 day simple moving average is $22.80 and its 200 day simple moving average is $26.26.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The company had revenue of $13.30 billion during the quarter, compared to analysts' expectations of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The business's revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 earnings per share. As a group, sell-side analysts predict that Intel Co. will post -0.83 earnings per share for the current year.

Insider Buying and Selling at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm's 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 transaction, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.04% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Intel

A number of hedge funds have recently modified their holdings of the business. Second Line Capital LLC purchased a new position in Intel in the 3rd quarter valued at $236,000. Soltis Investment Advisors LLC grew its position in Intel by 158.0% in the 3rd quarter. Soltis Investment Advisors LLC now owns 47,791 shares of the chip maker's stock valued at $1,121,000 after buying an additional 29,265 shares during the last quarter. Arete Wealth Advisors LLC purchased a new position in Intel in the 3rd quarter valued at $203,000. Teachers Retirement System of The State of Kentucky grew its position in Intel by 30.9% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 778,186 shares of the chip maker's stock valued at $18,256,000 after buying an additional 183,892 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its position in Intel by 3,603.3% in the 3rd quarter. Sunbelt Securities Inc. now owns 125,133 shares of the chip maker's stock valued at $2,936,000 after buying an additional 121,754 shares during the last quarter. 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.

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