Intel (NASDAQ:INTC) Stock Price Down 1.3% – What’s Next?

Intel Co. (NASDAQ:INTC)’s share price was down 1.3% during mid-day trading on Tuesday . The stock traded as low as $20.47 and last traded at $20.56. Approximately 11,439,854 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 61,489,098 shares. The stock had previously closed at $20.83.

Analysts Set New Price Targets

INTC has been the topic of a number of recent analyst reports. Needham & Company LLC restated a “hold” rating on shares of Intel in a research note on Friday, November 1st. Rosenblatt Securities restated a “sell” rating and set a $17.00 price objective on shares of Intel in a research report on Tuesday, October 29th. Mizuho upped their target price on shares of Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft decreased their price target on Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a report on Thursday, October 3rd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $25.00 price objective (down previously from $28.00) on shares of Intel in a research note on Friday, October 25th. Six equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Intel presently has an average rating of “Hold” and an average price target of $30.04.

Intel Stock Performance

The firm’s fifty day simple moving average is $22.95 and its 200 day simple moving average is $24.97. The company has a market capitalization of $82.21 billion, a PE ratio of -5.12 and a beta of 1.05. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97.

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

Insider Buying and Selling

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction that occurred 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 $7,104,708. This trade represents a 8.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.04% of the stock is currently owned by insiders.

Institutional Trading of Intel

Large investors have recently bought and sold shares of the business. &PARTNERS grew its position in Intel by 64.5% in the second quarter. &PARTNERS now owns 70,160 shares of the chip maker’s stock worth $2,173,000 after acquiring an additional 27,517 shares during the period. Diversified LLC grew its holdings in shares of Intel by 30.5% during the 2nd quarter. Diversified LLC now owns 6,943 shares of the chip maker’s stock worth $215,000 after purchasing an additional 1,621 shares during the period. Premier Path Wealth Partners LLC increased its position in shares of Intel by 6.3% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 57,037 shares of the chip maker’s stock worth $1,766,000 after purchasing an additional 3,393 shares during the last quarter. Quotient Wealth Partners LLC raised its holdings in Intel by 15.6% in the 2nd quarter. Quotient Wealth Partners LLC now owns 15,641 shares of the chip maker’s stock valued at $484,000 after buying an additional 2,116 shares during the period. Finally, Retirement Systems of Alabama lifted its position in Intel by 0.6% in the second quarter. Retirement Systems of Alabama now owns 939,049 shares of the chip maker’s stock valued at $29,082,000 after buying an additional 5,870 shares during the last quarter. Hedge funds and other 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.