Intel (NASDAQ:INTC) Shares Gap Down – Should You Sell?

Intel Co. (NASDAQ:INTC)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $20.75, but opened at $20.27. Intel shares last traded at $20.64, with a volume of 18,703,699 shares changing hands.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Rosenblatt Securities reissued a “sell” rating and set a $20.00 price target on shares of Intel in a research report on Thursday, January 30th. HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Stifel Nicolaus cut their price target on shares of Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Cantor Fitzgerald lifted their target price on shares of Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, February 18th. Finally, Barclays dropped their price objective on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Five research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $26.88.

Intel Stock Down 1.8 %

The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The company has a market capitalization of $88.23 billion, a P/E ratio of -4.64 and a beta of 1.02. The firm’s fifty day moving average is $21.29 and its 200-day moving average is $21.81.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates 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 predict that Intel Co. will post -0.11 EPS for the current year.

Hedge Funds Weigh In On Intel

A number of large investors have recently made changes to their positions in INTC. United Advisor Group LLC bought a new position in Intel in the 3rd quarter worth about $367,000. Radnor Capital Management LLC bought a new stake in Intel during the 3rd quarter valued at approximately $671,000. Harvest Portfolios Group Inc. grew its stake in Intel by 49.4% in the third quarter. Harvest Portfolios Group Inc. now owns 24,797 shares of the chip maker’s stock worth $582,000 after purchasing an additional 8,195 shares during the period. M&G PLC grew its position in shares of Intel by 54.6% in the 3rd quarter. M&G PLC now owns 5,447,922 shares of the chip maker’s stock worth $125,302,000 after buying an additional 1,923,459 shares during the period. Finally, Baugh & Associates LLC boosted its stake in Intel by 1.6% during the third quarter. Baugh & Associates LLC now owns 130,801 shares of the chip maker’s stock worth $2,959,000 after acquiring an additional 2,045 shares in the last quarter. 64.53% of the stock is owned by 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.