Intel (NASDAQ:INTC) Shares Down 3.1% – What’s Next?

Shares of Intel Co. (NASDAQ:INTC) fell 3.1% during trading on Wednesday . The company traded as low as $23.25 and last traded at $23.31. 16,806,109 shares were traded during trading, a decline of 72% from the average session volume of 59,894,000 shares. The stock had previously closed at $24.05.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on INTC. Stifel Nicolaus reaffirmed a “hold” rating and issued a $25.00 price objective (down from $28.00) on shares of Intel in a research note on Friday, October 25th. Argus lowered Intel from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Rosenblatt Securities restated a “sell” rating and issued a $17.00 target price on shares of Intel in a report on Tuesday, October 29th. JPMorgan Chase & Co. decreased their price target on Intel from $35.00 to $26.00 and set an “underweight” rating for the company in a report on Friday, August 2nd. Finally, Hsbc Global Res downgraded shares of Intel from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd. Six research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $30.12.

Intel Stock Down 1.8 %

The company has a 50 day moving average of $23.32 and a 200-day moving average of $26.00. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The company has a market cap of $101.87 billion, a P/E ratio of -6.27 and a beta of 1.03.

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

Insider Transactions at Intel

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in INTC. Janus Henderson Group PLC increased its stake in shares of Intel by 14.9% during the first quarter. Janus Henderson Group PLC now owns 473,056 shares of the chip maker’s stock valued at $20,889,000 after buying an additional 61,516 shares during the period. Coppell Advisory Solutions Corp. purchased a new position in Intel during the 1st quarter valued at $528,000. New Covenant Trust Company N.A. bought a new position in Intel in the 1st quarter worth $201,000. Advisory Resource Group boosted its stake in shares of Intel by 5.4% during the 1st quarter. Advisory Resource Group now owns 14,260 shares of the chip maker’s stock valued at $630,000 after purchasing an additional 734 shares in the last quarter. Finally, Rokos Capital Management LLP purchased a new position in shares of Intel during the first quarter valued at about $100,433,000. 64.53% of the stock is 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.