Intel (NASDAQ:INTC) Stock Price Down 3.2% – Should You Sell?

Intel Co. (NASDAQ:INTC)’s stock price traded down 3.2% during trading on Wednesday . The stock traded as low as $23.36 and last traded at $23.44. Approximately 20,339,076 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 71,871,972 shares. The stock had previously closed at $24.20.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on INTC. Benchmark reiterated a “hold” rating on shares of Intel in a research note on Friday, January 31st. Bank of America upgraded Intel from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $19.00 to $25.00 in a report on Thursday, March 13th. Needham & Company LLC restated a “hold” rating on shares of Intel in a research note on Friday, January 31st. UBS Group cut their target price on Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Finally, JPMorgan Chase & Co. lowered their price target on shares of Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. Four analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $27.04.

Intel Stock Performance

The stock has a market capitalization of $101.64 billion, a price-to-earnings ratio of -5.36 and a beta of 1.02. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The firm’s 50 day moving average is $22.30 and its 200-day moving average is $22.10.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Analysts forecast that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Finley Financial LLC acquired a new position in Intel during the fourth quarter worth $25,000. Synergy Investment Management LLC acquired a new position in shares of Intel during the 4th quarter worth about $27,000. Vermillion Wealth Management Inc. purchased a new position in Intel in the 4th quarter valued at about $27,000. BankPlus Trust Department purchased a new position in Intel in the 4th quarter valued at about $28,000. Finally, Keystone Financial Group Inc. acquired a new stake in Intel in the 4th quarter worth about $29,000. 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.