Intel (NASDAQ:INTC) Stock Price Down 0.4% – Should You Sell?

Intel Co. (NASDAQ:INTC) shares fell 0.4% on Monday . The company traded as low as $20.47 and last traded at $20.47. 22,160,798 shares were traded during mid-day trading, a decline of 41% from the average session volume of 37,722,320 shares. The stock had previously closed at $20.56.

Analyst Upgrades and Downgrades

INTC has been the topic of several recent analyst reports. Stifel Nicolaus reiterated a “hold” rating and set a $25.00 target price (down previously from $28.00) on shares of Intel in a research report on Friday, October 25th. Rosenblatt Securities reissued a “sell” rating and issued a $17.00 target price on shares of Intel in a report on Tuesday, October 29th. The Goldman Sachs Group lowered their price target on shares of Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a research note on Thursday, October 17th. Needham & Company LLC reissued a “hold” rating on shares of Intel in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Intel from $27.00 to $25.00 and set a “hold” rating for the company in a report on Thursday, October 3rd. Six equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Intel presently has an average rating of “Hold” and a consensus price target of $30.04.

Intel Trading Down 3.0 %

The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The company has a market cap of $86.04 billion, a P/E ratio of -5.36 and a beta of 1.07. The business’s 50-day moving average price is $22.32 and its 200 day moving average price is $24.04.

Intel (NASDAQ:INTC) last issued its quarterly earnings results 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 company had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The company’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 earnings per share. As a group, analysts expect that Intel Co. will post -0.87 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the sale, 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 document filed with the SEC, which is available at this hyperlink. 0.04% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Intel

Several hedge funds have recently added to or reduced their stakes in INTC. William B. Walkup & Associates Inc. purchased a new stake in Intel in the second quarter worth $2,178,000. Geode Capital Management LLC increased its holdings in Intel by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock worth $2,162,891,000 after buying an additional 4,103,553 shares in the last quarter. Principal Financial Group Inc. increased its position in Intel by 4.4% during the third quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker’s stock valued at $113,244,000 after acquiring an additional 204,200 shares during the last quarter. Swiss National Bank increased its stake in shares of Intel by 0.3% in the 3rd quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker’s stock worth $296,426,000 after purchasing an additional 31,800 shares in the last quarter. Finally, SGL Investment Advisors Inc. purchased a new position in shares of Intel during the 3rd quarter valued at $2,365,000. Institutional investors own 64.53% of the company’s stock.

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.