Intel (NASDAQ:INTC) Stock Price Down 0.6% – Should You Sell?

Intel Co. (NASDAQ:INTC) traded down 0.6% during mid-day trading on Tuesday . The stock traded as low as $19.02 and last traded at $19.27. 15,180,679 shares traded hands during trading, a decline of 79% from the average session volume of 71,067,953 shares. The stock had previously closed at $19.38.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Benchmark reaffirmed a “hold” rating on shares of Intel in a report on Friday, January 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research note on Friday, January 31st. Northland Securities cut their target price on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. JPMorgan Chase & Co. decreased their price target on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $22.00 price objective on shares of Intel in a research note on Friday, January 31st. Five investment analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Intel currently has a consensus rating of “Hold” and a consensus price target of $26.60.

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 stock has a market cap of $83.59 billion, a PE ratio of -4.42, a P/E/G ratio of 9.49 and a beta of 1.08. The business’s 50-day moving average price is $20.50 and its 200-day moving average price is $22.12.

Intel (NASDAQ:INTC) last released its quarterly earnings results 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%. As a group, equities research analysts expect that Intel Co. will post 0.19 earnings per share for the current fiscal year.

Institutional Trading of Intel

Institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new position in shares of Intel in the fourth quarter worth $53,465,000. Arizona State Retirement System grew its holdings in shares of Intel by 1.2% during the fourth quarter. Arizona State Retirement System now owns 1,234,362 shares of the chip maker’s stock valued at $24,749,000 after buying an additional 14,349 shares during the last quarter. Aigen Investment Management LP acquired a new position in shares of Intel in the 4th quarter valued at $1,182,000. Proficio Capital Partners LLC purchased a new position in Intel in the 4th quarter worth $1,789,000. Finally, SPC Financial Inc. lifted its position in Intel by 12.6% during the 4th quarter. SPC Financial Inc. now owns 12,308 shares of the chip maker’s stock worth $247,000 after acquiring an additional 1,379 shares during the period. 64.53% of the stock is currently owned by institutional investors and hedge funds.

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.