Intel (NASDAQ:INTC) Trading Down 4.3% – Should You Sell?

Intel Co. (NASDAQ:INTC)’s share price dropped 4.3% on Friday . The company traded as low as $22.86 and last traded at $23.08. Approximately 101,408,495 shares changed hands during mid-day trading, an increase of 22% from the average daily volume of 83,252,711 shares. The stock had previously closed at $24.13.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on INTC shares. Bank of America restated an “underperform” rating and set a $21.00 price target on shares of Intel in a report on Tuesday, December 3rd. Roth Mkm decreased their price target on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Rosenblatt Securities reaffirmed a “sell” rating and set a $20.00 price objective on shares of Intel in a research report on Thursday, January 30th. Stifel Nicolaus decreased their target price 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, HSBC raised Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Five investment 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $26.60.

Intel Trading Down 2.2 %

The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The firm has a fifty day moving average of $20.33 and a 200-day moving average of $21.68.

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

Hedge Funds Weigh In On Intel

Several hedge funds have recently added to or reduced their stakes in INTC. Gallagher Fiduciary Advisors LLC increased its stake in shares of Intel by 8.4% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 25,742 shares of the chip maker’s stock valued at $516,000 after acquiring an additional 1,984 shares during the last quarter. Maple Rock Capital Partners Inc. increased its stake in Intel by 305.2% in the fourth quarter. Maple Rock Capital Partners Inc. now owns 909,670 shares of the chip maker’s stock valued at $18,239,000 after purchasing an additional 685,170 shares in the last quarter. Westbourne Investments Inc. acquired a new stake in Intel in the fourth quarter worth $341,000. Freestone Grove Partners LP bought a new position in shares of Intel during the fourth quarter worth $62,654,000. Finally, One68 Global Capital LLC acquired a new position in shares of Intel in the 4th quarter valued at $501,000. 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.