Intel (NASDAQ:INTC) Shares Down 3.1% – Should You Sell?

Shares of Intel Co. (NASDAQ:INTC) were down 3.1% during mid-day trading on Wednesday . The stock traded as low as $23.25 and last traded at $23.31. Approximately 16,806,109 shares were traded during trading, a decline of 72% from the average daily volume of 59,894,000 shares. The stock had previously closed at $24.05.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a report on Friday, November 1st. The Goldman Sachs Group decreased their price target on shares of Intel from $22.00 to $21.00 and set a “sell” rating for the company in a report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Intel from $27.00 to $25.00 and set a “hold” rating for the company in a research report on Thursday, October 3rd. Mizuho raised their target price on shares of Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, TD Cowen raised Intel to a “hold” rating in a report on Monday, September 16th. Six investment 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, the company has an average rating of “Hold” and an average price target of $30.12.

Intel Price Performance

The firm has a 50 day moving average price of $23.43 and a two-hundred day moving average price of $25.97. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The company had revenue of $13.30 billion during the quarter, compared to analysts’ expectations of $13.02 billion. During the same period in the prior year, the business posted $0.28 EPS. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. Equities research analysts forecast that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the transaction, the executive vice president now owns 273,258 shares in the company, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.04% of the stock is owned by company insiders.

Hedge Funds Weigh In On Intel

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