Intel (NASDAQ:INTC) Trading Down 3.6% - Should You Sell?

Intel Co. (NASDAQ:INTC - Get Free Report) shares fell 3.6% during trading on Friday . The company traded as low as $22.56 and last traded at $22.77. 18,848,134 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 71,998,265 shares. The stock had previously closed at $23.62.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Rosenblatt Securities restated a "sell" rating and issued a $20.00 price objective on shares of Intel in a report on Thursday, January 30th. Hsbc Global Res raised Intel from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, January 21st. Citigroup lowered their price objective on shares of Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 21st. HSBC upgraded shares of Intel from a "reduce" rating to a "hold" rating in a research note on Tuesday, January 21st. Finally, Bank of America raised shares of Intel from an "underperform" rating to a "neutral" rating and raised their price target for the stock from $19.00 to $25.00 in a research report on Thursday, March 13th. Four equities research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $27.04.

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 firm has a market capitalization of $98.33 billion, a PE ratio of -5.18 and a beta of 1.02. The company's fifty day simple moving average is $22.33 and its 200 day simple moving average is $22.16.

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Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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, equities research analysts expect that Intel Co. will post -0.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Intel

Institutional investors have recently made changes to their positions in the business. Finley Financial LLC purchased a new position in shares of Intel in the fourth quarter worth about $25,000. Synergy Investment Management LLC purchased a new position in Intel in the 4th quarter worth approximately $27,000. Vermillion Wealth Management Inc. bought a new stake in Intel in the fourth quarter valued at approximately $27,000. BankPlus Trust Department purchased a new stake in shares of Intel during the fourth quarter valued at approximately $28,000. Finally, Keystone Financial Group Inc. purchased a new position in shares of Intel in the fourth quarter worth $29,000. Hedge funds and other institutional investors own 64.53% of the company's stock.

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.