Intel (NASDAQ:INTC) Stock Price Down 6.3% – Should You Sell?

Shares of Intel Co. (NASDAQ:INTC) fell 6.3% during trading on Wednesday . The company traded as low as $24.05 and last traded at $24.28. 52,576,300 shares were traded during trading, a decline of 26% from the average session volume of 71,351,314 shares. The stock had previously closed at $25.92.

Analyst Ratings Changes

Several equities analysts have weighed in on INTC shares. HSBC upgraded shares of Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research report on Friday, January 31st. Bank of America raised Intel from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $19.00 to $25.00 in a research note on Thursday, March 13th. Cantor Fitzgerald upped their price target on Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. Finally, Wells Fargo & Company cut their price objective on Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $27.04.

Intel Price Performance

The stock’s 50 day moving average is $21.85 and its two-hundred day moving average is $21.96. The stock has a market capitalization of $102.28 billion, a PE ratio of -5.42 and a beta of 1.02. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. As a group, sell-side analysts forecast that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Institutional Trading of Intel

A number of institutional investors have recently bought and sold shares of INTC. 111 Capital purchased a new position in shares of Intel in the 4th quarter valued at about $855,000. PKO Investment Management Joint Stock Co purchased a new position in Intel in the fourth quarter valued at approximately $1,865,000. QSM Asset Management Ltd purchased a new position in Intel in the fourth quarter valued at approximately $7,011,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Intel during the fourth quarter worth approximately $70,850,000. Finally, Yoffe Investment Management LLC purchased a new stake in shares of Intel during the 4th quarter worth approximately $357,000. 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.