Intel (NASDAQ:INTC) Shares Down 1.8% – Time to Sell?

Intel Co. (NASDAQ:INTC) fell 1.8% during trading on Friday . The company traded as low as $20.30 and last traded at $20.41. 14,738,431 shares were traded during mid-day trading, a decline of 76% from the average session volume of 61,474,824 shares. The stock had previously closed at $20.78.

Analysts Set New Price Targets

INTC has been the subject of several recent research reports. Benchmark reiterated a “hold” rating on shares of Intel in a research note on Friday, November 1st. Robert W. Baird raised their target price on shares of Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Rosenblatt Securities restated a “sell” rating and issued a $17.00 price objective on shares of Intel in a research report on Tuesday, October 29th. Needham & Company LLC reissued a “hold” rating on shares of Intel in a report on Friday, November 1st. Finally, Truist Financial boosted their price target on Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Six 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. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $30.04.

Intel Price Performance

The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. The company has a 50 day moving average of $23.17 and a two-hundred day moving average of $25.30. The firm has a market cap of $87.77 billion, a P/E ratio of -5.49 and a beta of 1.05.

Intel (NASDAQ:INTC) last announced its quarterly earnings data 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). The business had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.28 EPS. Sell-side analysts expect that Intel Co. will post -0.87 EPS for the current year.

Insider Buying and Selling at Intel

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

Institutional Investors Weigh In On Intel

Institutional investors have recently added to or reduced their stakes in the company. America First Investment Advisors LLC acquired a new position in Intel in the second quarter worth about $25,000. Cyrus J. Lawrence LLC bought a new stake in Intel in the second quarter valued at $27,000. Quest Partners LLC raised its stake in Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after acquiring an additional 1,253 shares in the last quarter. Spartan Fund Management Inc. bought a new position in shares of Intel during the second quarter valued at $31,000. Finally, Financial Connections Group Inc. acquired a new stake in shares of Intel in the 2nd quarter valued at $32,000. 64.53% of the stock is owned by institutional investors and hedge funds.

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.