Intel (NASDAQ:INTC) Shares Down 1.7% – Here’s Why

Intel Co. (NASDAQ:INTC)’s share price traded down 1.7% on Monday . The company traded as low as $18.56 and last traded at $19.51. 51,915,965 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 75,927,601 shares. The stock had previously closed at $19.85.

Analyst Ratings Changes

Several research analysts recently issued reports on INTC shares. JPMorgan Chase & Co. reduced their target price on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a research report on Friday, January 31st. Roth Mkm cut their price objective on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research note on Friday, January 31st. Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Finally, Barclays decreased their price target on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Four equities research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $25.58.

Intel Stock Performance

The company has a market capitalization of $85.34 billion, a price-to-earnings ratio of -4.47 and a beta of 1.13. The firm has a fifty day simple moving average of $22.34 and a 200 day simple moving average of $22.20. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (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%. On average, analysts anticipate that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of INTC. GAMMA Investing LLC increased its stake in Intel by 1,982.3% during the 1st quarter. GAMMA Investing LLC now owns 321,937 shares of the chip maker’s stock worth $73,110,000 after buying an additional 306,476 shares in the last quarter. Howard Financial Services LTD. raised its stake in Intel by 10.8% in the 1st quarter. Howard Financial Services LTD. now owns 17,109 shares of the chip maker’s stock valued at $389,000 after purchasing an additional 1,665 shares during the last quarter. Quent Capital LLC lifted its holdings in Intel by 21.9% in the 1st quarter. Quent Capital LLC now owns 3,535 shares of the chip maker’s stock valued at $80,000 after purchasing an additional 634 shares in the last quarter. Moody National Bank Trust Division boosted its stake in Intel by 32.2% during the 1st quarter. Moody National Bank Trust Division now owns 16,152 shares of the chip maker’s stock worth $367,000 after purchasing an additional 3,937 shares during the last quarter. Finally, Cadinha & Co. LLC purchased a new stake in shares of Intel during the first quarter worth $234,000. Institutional investors and hedge funds 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.