Intel (NASDAQ:INTC) Stock Price Down 0.9% – What’s Next?

Intel Co. (NASDAQ:INTC) was down 0.9% during mid-day trading on Friday . The stock traded as low as $20.25 and last traded at $20.55. Approximately 25,733,261 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 98,202,242 shares. The stock had previously closed at $20.75.

Wall Street Analyst Weigh In

INTC has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their target price on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. Barclays dropped their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Mizuho cut their price target on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Finally, Stifel Nicolaus dropped their target price on shares of Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Five analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $26.88.

Intel Trading Down 0.4 %

The company has a market cap of $89.45 billion, a price-to-earnings ratio of -4.71 and a beta of 1.02. The business’s 50 day moving average price is $21.29 and its 200-day moving average price is $21.81. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

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

Institutional Trading of Intel

Institutional investors have recently bought and sold shares of the business. QSM Asset Management Ltd acquired a new position in Intel in the 4th quarter valued at $7,011,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Intel in the fourth quarter valued at about $70,850,000. Yoffe Investment Management LLC bought a new stake in Intel during the fourth quarter worth about $357,000. Lakeshore Capital Group Inc. acquired a new stake in Intel during the fourth quarter worth about $230,000. Finally, Ameriflex Group Inc. bought a new position in Intel in the 4th quarter valued at about $139,000. Institutional investors own 64.53% of the company’s stock.

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.