Intel (NASDAQ:INTC) Trading Down 3% – Time to Sell?

Intel Co. (NASDAQ:INTC)’s stock price fell 3% on Thursday . The stock traded as low as $24.48 and last traded at $24.95. 56,564,332 shares traded hands during trading, a decline of 40% from the average session volume of 94,708,125 shares. The stock had previously closed at $25.72.

Analysts Set New Price Targets

Several research firms recently weighed in on INTC. Stifel Nicolaus decreased their price target on Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Barclays cut their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research report on Friday, January 31st. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Finally, Citigroup cut their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Five investment analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $26.88.

Intel Stock Performance

The business has a 50 day simple moving average of $20.84 and a 200 day simple moving average of $21.65. 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 company has a market capitalization of $107.67 billion, a PE ratio of -5.68 and a beta of 1.08.

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 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%. Equities research analysts predict that Intel Co. will post -0.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Putney Financial Group LLC purchased a new position in shares of Intel in the fourth quarter worth about $62,000. Vermillion Wealth Management Inc. acquired a new stake in Intel during the fourth quarter worth about $27,000. Forum Financial Management LP grew its holdings in Intel by 11.3% during the fourth quarter. Forum Financial Management LP now owns 81,899 shares of the chip maker’s stock worth $1,642,000 after acquiring an additional 8,289 shares during the period. GF Fund Management CO. LTD. acquired a new stake in Intel during the fourth quarter worth about $16,389,000. Finally, Parr Mcknight Wealth Management Group LLC acquired a new stake in Intel during the fourth quarter worth about $267,000. 64.53% of the stock is currently 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.