Intel (NASDAQ:INTC) Stock Price Down 0.5% – Should You Sell?

Intel Co. (NASDAQ:INTC)’s share price traded down 0.5% during trading on Wednesday . The stock traded as low as $23.77 and last traded at $24.08. 11,201,056 shares were traded during mid-day trading, a decline of 81% from the average session volume of 59,842,234 shares. The stock had previously closed at $24.20.

Analysts Set New Price Targets

Several equities research analysts recently commented on INTC shares. Stifel Nicolaus reiterated a “hold” rating and set a $25.00 price target (down from $28.00) on shares of Intel in a research note on Friday, October 25th. Wedbush reduced their target price on Intel from $32.50 to $25.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Benchmark restated a “hold” rating on shares of Intel in a research note on Friday, November 1st. Daiwa America raised Intel to a “hold” rating in a research report on Monday, August 26th. Finally, HSBC downgraded Intel from a “hold” rating to a “reduce” rating in a report on Friday, August 2nd. Six analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Intel presently has a consensus rating of “Hold” and an average target price of $30.12.

Intel Stock Down 2.6 %

The firm has a market capitalization of $101.70 billion, a PE ratio of -6.47 and a beta of 1.03. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. The firm has a 50-day moving average of $22.91 and a two-hundred day moving average of $26.21.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The firm had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.28 earnings per share. On average, equities research analysts forecast that Intel Co. will post -0.83 EPS for the current year.

Insider Transactions at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the sale, the executive vice president now owns 273,258 shares in the company, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.04% of the company’s stock.

Hedge Funds Weigh In On Intel

Institutional investors and hedge funds have recently bought and sold shares of the stock. America First Investment Advisors LLC acquired a new position in shares of Intel during the second quarter worth $25,000. Cyrus J. Lawrence LLC purchased a new stake in Intel during the 2nd quarter worth $27,000. Quest Partners LLC lifted its holdings in Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after buying an additional 1,253 shares in the last quarter. Spartan Fund Management Inc. purchased a new position in Intel in the 2nd quarter valued at about $31,000. Finally, Financial Connections Group Inc. acquired a new stake in shares of Intel during the second quarter valued at about $32,000. 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.