Intel (NASDAQ:INTC) Trading Down 0.6% – Time to Sell?

Intel Co. (NASDAQ:INTC) shares were down 0.6% during mid-day trading on Thursday . The company traded as low as $23.73 and last traded at $23.98. Approximately 24,689,587 shares traded hands during trading, a decline of 66% from the average daily volume of 71,619,613 shares. The stock had previously closed at $24.12.

Analyst Ratings Changes

Several research firms recently weighed in on INTC. Barclays decreased their price objective on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Bank of America raised shares of Intel from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $19.00 to $25.00 in a report on Thursday, March 13th. Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday, January 31st. Stifel Nicolaus reduced their price objective on Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Finally, Cantor Fitzgerald boosted their target price on Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. Four equities research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Intel has a consensus rating of “Hold” and a consensus target price of $27.04.

Intel Stock Performance

The business’s 50-day simple moving average is $21.95 and its 200 day simple moving average is $21.98. The firm has a market cap of $105.05 billion, a P/E ratio of -5.54 and a beta of 1.02. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. As a group, equities analysts predict that Intel Co. will post -0.11 earnings per share for the current year.

Institutional Trading of Intel

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Finley Financial LLC purchased a new stake in shares of Intel in the 4th quarter worth $25,000. Synergy Investment Management LLC purchased a new stake in Intel in the fourth quarter worth about $27,000. Vermillion Wealth Management Inc. bought a new position in shares of Intel in the fourth quarter worth about $27,000. BankPlus Trust Department purchased a new position in shares of Intel during the 4th quarter valued at about $28,000. Finally, Keystone Financial Group Inc. bought a new position in shares of Intel during the 4th quarter valued at approximately $29,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

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.