Intel (NASDAQ:INTC) Shares Down 4.3% – What’s Next?

Intel Co. (NASDAQ:INTC) was down 4.3% during mid-day trading on Friday . The stock traded as low as $22.86 and last traded at $23.08. Approximately 101,408,495 shares traded hands during mid-day trading, an increase of 22% from the average daily volume of 83,252,711 shares. The stock had previously closed at $24.13.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Bank of America restated an “underperform” rating and set a $21.00 price target on shares of Intel in a research note on Tuesday, December 3rd. Cantor Fitzgerald reiterated a “neutral” rating and set a $22.00 price target on shares of Intel in a research note on Friday, January 31st. Wells Fargo & Company lowered their price target on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. The Goldman Sachs Group decreased their target price on shares of Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a research report on Thursday, October 17th. Finally, Benchmark reissued a “hold” rating on shares of Intel in a research note on Friday, January 31st. Five analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Intel currently has an average rating of “Hold” and an average target price of $26.60.

Intel Trading Down 2.6 %

The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The company has a market cap of $101.81 billion, a P/E ratio of -5.37 and a beta of 1.08. The business has a 50-day moving average price of $20.28 and a two-hundred day moving average price of $21.73.

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 return on equity of 3.27% and a negative net margin of 35.32%. On average, analysts predict that Intel Co. will post -0.11 EPS for the current year.

Hedge Funds Weigh In On Intel

Hedge funds and other institutional investors have recently bought and sold shares of the business. Finley Financial LLC bought a new position in shares of Intel in the 4th quarter worth $25,000. Synergy Investment Management LLC bought a new stake in shares of Intel in the 4th quarter valued at about $27,000. BankPlus Trust Department acquired a new stake in shares of Intel in the 4th quarter valued at approximately $28,000. Keystone Financial Group Inc. bought a new position in Intel during the 4th quarter worth approximately $29,000. Finally, Quest Partners LLC grew its holdings in Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares during the period. 64.53% of the stock is owned by institutional investors.

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.