Intel (NASDAQ:INTC) Trading Down 4.3% – What’s Next?

Intel Co. (NASDAQ:INTC) shares dropped 4.3% on Friday . The company traded as low as $22.86 and last traded at $23.08. Approximately 101,408,495 shares were traded during trading, an increase of 22% from the average daily volume of 83,252,711 shares. The stock had previously closed at $24.13.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Roth Mkm lowered their target price on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Rosenblatt Securities reiterated a “sell” rating and set a $20.00 target price on shares of Intel in a research note on Thursday, January 30th. Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Stifel Nicolaus decreased their price objective on shares of Intel from $25.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Finally, Northland Securities reduced their price target on shares of Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $26.60.

Intel Stock Down 2.2 %

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 company has a fifty day moving average price of $20.33 and a two-hundred day moving average price of $21.68.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Equities analysts anticipate that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Intel

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Good Life Advisors LLC boosted its position in Intel by 77.7% during the 3rd quarter. Good Life Advisors LLC now owns 32,554 shares of the chip maker’s stock worth $764,000 after acquiring an additional 14,234 shares during the period. AlphaMark Advisors LLC increased its stake in shares of Intel by 47.4% in the third quarter. AlphaMark Advisors LLC now owns 5,212 shares of the chip maker’s stock worth $122,000 after acquiring an additional 1,675 shares during the last quarter. Aspiriant LLC increased its position in Intel by 22.5% in the 3rd quarter. Aspiriant LLC now owns 27,896 shares of the chip maker’s stock worth $654,000 after purchasing an additional 5,128 shares during the last quarter. Net Worth Advisory Group acquired a new position in Intel in the third quarter worth approximately $313,000. Finally, KMG Fiduciary Partners LLC raised its position in Intel by 41.8% during the third quarter. KMG Fiduciary Partners LLC now owns 317,633 shares of the chip maker’s stock valued at $7,452,000 after acquiring an additional 93,599 shares in the last quarter. Institutional investors and hedge funds 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.