Intel (NASDAQ:INTC) Shares Down 0.1% – Time to Sell?

Intel Co. (NASDAQ:INTC) dropped 0.1% on Wednesday . The company traded as low as $19.71 and last traded at $19.98. Approximately 13,266,221 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 50,534,574 shares. The stock had previously closed at $20.01.

Analysts Set New Price Targets

INTC has been the topic of a number of research analyst reports. The Goldman Sachs Group cut their target price on Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a research note on Thursday, October 17th. Mizuho cut their target price on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a report on Friday, November 1st. Rosenblatt Securities reaffirmed a “sell” rating and issued a $17.00 price target on shares of Intel in a report on Tuesday, October 29th. Finally, Robert W. Baird lifted their price target on shares of Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Six equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Intel presently has a consensus rating of “Hold” and an average price target of $29.96.

Intel Price Performance

The firm’s 50-day moving average is $22.12 and its 200-day moving average is $23.83. The company has a market capitalization of $82.59 billion, a PE ratio of -5.15 and a beta of 1.07. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.44). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The company had revenue of $13.30 billion during the quarter, compared to analysts’ expectations of $13.02 billion. During the same quarter last year, the firm posted $0.28 earnings per share. The firm’s revenue was down 6.3% on a year-over-year basis. Equities analysts predict that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Insider Buying and Selling at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the transaction, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.04% of the company’s stock.

Hedge Funds Weigh In On Intel

Several hedge funds and other institutional investors have recently modified their holdings of the company. West Oak Capital LLC raised its stake in shares of Intel by 269.2% during the fourth quarter. West Oak Capital LLC now owns 7,920 shares of the chip maker’s stock valued at $159,000 after acquiring an additional 5,775 shares during the last quarter. Lynch & Associates IN raised its stake in Intel by 4.1% in the fourth quarter. Lynch & Associates IN now owns 22,940 shares of the chip maker’s stock worth $460,000 after buying an additional 904 shares in the last quarter. InvesTrust bought a new position in Intel in the fourth quarter worth about $3,696,000. Diversified Trust Co raised its stake in Intel by 1.8% in the fourth quarter. Diversified Trust Co now owns 83,791 shares of the chip maker’s stock worth $1,680,000 after buying an additional 1,445 shares in the last quarter. Finally, Neville Rodie & Shaw Inc. raised its stake in Intel by 23.9% in the fourth quarter. Neville Rodie & Shaw Inc. now owns 67,910 shares of the chip maker’s stock worth $1,361,000 after buying an additional 13,095 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

Intel Company Profile

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.