Intel (NASDAQ:INTC) Trading Down 2.8% – Time to Sell?

Intel Co. (NASDAQ:INTC)’s share price dropped 2.8% during mid-day trading on Monday . The stock traded as low as $19.99 and last traded at $20.05. Approximately 21,350,765 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 97,763,070 shares. The stock had previously closed at $20.64.

Analyst Upgrades and Downgrades

INTC has been the topic of several research analyst reports. Wells Fargo & Company cut their price target on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Stifel Nicolaus reduced their target price on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research report on Friday, January 31st. Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Finally, Truist Financial decreased their price objective on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Five investment analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $26.88.

Intel Stock Performance

The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $85.65 billion, a PE ratio of -4.52 and a beta of 1.02. The stock’s 50 day moving average price is $21.29 and its two-hundred day moving average price is $21.81.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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%. On average, equities analysts expect that Intel Co. will post -0.11 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Quest Partners LLC grew its holdings in shares of Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after buying an additional 1,253 shares in the last quarter. Finley Financial LLC purchased a new position in shares of Intel during the fourth quarter valued at approximately $25,000. Vermillion Wealth Management Inc. acquired a new stake in Intel during the fourth quarter worth approximately $27,000. Synergy Investment Management LLC purchased a new stake in Intel in the 4th quarter worth approximately $27,000. Finally, BankPlus Trust Department acquired a new position in Intel in the 4th quarter valued at $28,000. 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.