Intel (NASDAQ:INTC) Shares Down 0.1% – Should You Sell?

Intel Co. (NASDAQ:INTC) traded down 0.1% on Wednesday . The company traded as low as $19.71 and last traded at $19.98. 13,266,221 shares changed hands during trading, a decline of 74% from the average session volume of 50,534,574 shares. The stock had previously closed at $20.01.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Truist Financial raised their target price on shares of Intel from $25.00 to $26.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Robert W. Baird raised their target price on shares of Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Benchmark reaffirmed a “hold” rating on shares of Intel in a research note on Friday, November 1st. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research note on Friday, November 1st. Finally, Northland Securities cut their price target on shares of Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Six equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $29.96.

Intel Stock Down 3.7 %

The company’s 50 day moving average price is $22.12 and its two-hundred day moving average price is $23.83. The firm has a market cap of $82.59 billion, a PE ratio of -5.15 and a beta of 1.07. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS 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 the consensus estimate of $13.02 billion. During the same period in the prior year, the business posted $0.28 earnings per share. Intel’s revenue for the quarter was down 6.3% compared to the same quarter last year. On average, equities research analysts expect that Intel Co. will post -0.87 EPS for the current fiscal year.

Insider Activity at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.04% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Intel

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cyrus J. Lawrence LLC purchased a new stake in Intel during the 2nd quarter valued at approximately $27,000. Quest Partners LLC grew its holdings in Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after buying an additional 1,253 shares in the last quarter. Groupama Asset Managment grew its holdings in Intel by 6.3% during the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock valued at $32,000 after buying an additional 8,084 shares in the last quarter. FSA Wealth Management LLC purchased a new stake in Intel during the 3rd quarter valued at approximately $34,000. Finally, Fairfield Financial Advisors LTD purchased a new stake in Intel during the 2nd quarter valued at approximately $35,000. 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.