Intel (NASDAQ:INTC) Stock Price Down 0.9% – Time to Sell?

Intel Co. (NASDAQ:INTC) traded down 0.9% on Friday . The stock traded as low as $20.10 and last traded at $20.25. 11,845,485 shares traded hands during trading, a decline of 81% from the average session volume of 61,544,734 shares. The stock had previously closed at $20.44.

Analysts Set New Price Targets

A number of analysts have commented on the company. Bank of America restated an “underperform” rating and issued a $21.00 price target on shares of Intel in a research report on Tuesday, December 3rd. The Goldman Sachs Group reduced their target price 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. Benchmark reaffirmed a “hold” rating on shares of Intel in a report on Friday, November 1st. Robert W. Baird upped their price target on shares of Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, Rosenblatt Securities restated a “sell” rating and set a $17.00 price objective on shares of Intel in a research report on Tuesday, October 29th. Six research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $30.04.

Intel Trading Down 0.7 %

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 stock has a market capitalization of $87.55 billion, a P/E ratio of -5.46 and a beta of 1.05. The company has a 50-day moving average price of $22.55 and a 200 day moving average price of $24.46.

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). The firm had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The business’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 earnings per share. On average, 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 the business’s stock in a transaction dated 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. The trade was a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. William B. Walkup & Associates Inc. acquired a new position in Intel in the 2nd quarter worth approximately $2,178,000. Geode Capital Management LLC boosted its holdings in shares of Intel by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock valued at $2,162,891,000 after acquiring an additional 4,103,553 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Intel by 4.4% in the third quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker’s stock worth $113,244,000 after acquiring an additional 204,200 shares during the period. Swiss National Bank raised its holdings in shares of Intel by 0.3% during the third quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker’s stock worth $296,426,000 after purchasing an additional 31,800 shares during the last quarter. Finally, SGL Investment Advisors Inc. purchased a new position in shares of Intel during the third quarter worth $2,365,000. 64.53% of the stock is owned by institutional investors and hedge funds.

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.