Intel (NASDAQ:INTC) Stock Price Down 1.4% – Time to Sell?

Intel Co. (NASDAQ:INTC) shares fell 1.4% during trading on Thursday . The stock traded as low as $19.44 and last traded at $19.47. 22,253,170 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 66,674,023 shares. The stock had previously closed at $19.75.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on INTC shares. Stifel Nicolaus reiterated a “hold” rating and set a $25.00 price target (down previously from $28.00) on shares of Intel in a research report on Friday, October 25th. Mizuho decreased their target price on shares of Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research note on Friday, November 1st. Finally, Northland Securities dropped their price target on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Intel currently has an average rating of “Hold” and a consensus price target of $28.00.

Intel Trading Up 1.5 %

The business has a 50-day moving average price of $20.97 and a 200-day moving average price of $22.63. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $86.43 billion, a P/E ratio of -5.39, a PEG ratio of 9.72 and a beta of 1.07.

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 company had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.28 earnings per share. Analysts anticipate that Intel Co. will post -0.87 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the 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 sale, the executive vice president now owns 273,258 shares in the company, valued at approximately $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Roxbury Financial LLC bought a new position in shares of Intel in the fourth quarter worth about $38,000. Guyasuta Investment Advisors Inc. increased its position in Intel by 4.1% in the fourth quarter. Guyasuta Investment Advisors Inc. now owns 25,545 shares of the chip maker’s stock worth $512,000 after purchasing an additional 1,000 shares during the period. WealthPlan Investment Management LLC raised its holdings in Intel by 3.3% during the 4th quarter. WealthPlan Investment Management LLC now owns 65,243 shares of the chip maker’s stock worth $1,308,000 after purchasing an additional 2,056 shares during the last quarter. Asset Planning Inc bought a new position in shares of Intel in the 4th quarter valued at about $36,000. Finally, V Square Quantitative Management LLC raised its stake in shares of Intel by 1.7% during the fourth quarter. V Square Quantitative Management LLC now owns 90,287 shares of the chip maker’s stock worth $1,810,000 after buying an additional 1,522 shares during the last quarter. 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.