Intel (NASDAQ:INTC) Stock Price Down 2.8% – Time to Sell?

Intel Co. (NASDAQ:INTC)’s stock price was down 2.8% during mid-day trading on Monday . The stock traded as low as $19.99 and last traded at $20.05. Approximately 21,350,765 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 97,763,070 shares. The stock had previously closed at $20.64.

Analyst Upgrades and Downgrades

INTC has been the topic of a number of research reports. Mizuho lowered their price target on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Benchmark reissued a “hold” rating on shares of Intel in a report on Friday, January 31st. Roth Mkm cut 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. UBS Group decreased their price target 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. Finally, Barclays cut 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 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’s stock. Based on data from MarketBeat, Intel currently has an average rating of “Hold” and a consensus price target of $26.88.

Intel Trading Down 0.8 %

The firm has a market cap of $85.65 billion, a PE ratio of -4.52 and a beta of 1.02. 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 stock’s fifty day simple moving average is $21.29 and its 200-day simple moving average is $21.81.

Intel (NASDAQ:INTC) last issued its quarterly earnings data 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 return on equity of 3.27% and a negative net margin of 35.32%. On average, sell-side analysts forecast that Intel Co. will post -0.11 earnings per share for the current year.

Institutional Investors Weigh In On Intel

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Finley Financial LLC acquired a new position in Intel during the 4th quarter worth approximately $25,000. Synergy Investment Management LLC purchased a new stake in Intel during the 4th quarter worth about $27,000. Vermillion Wealth Management Inc. acquired a new position in shares of Intel during the 4th quarter worth about $27,000. BankPlus Trust Department acquired a new position in shares of Intel during the 4th quarter worth about $28,000. Finally, Keystone Financial Group Inc. purchased a new position in shares of Intel in the 4th quarter valued at about $29,000. 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.