Intel (NASDAQ:INTC) Shares Down 7.9% – What’s Next?

Intel Co. (NASDAQ:INTC)’s share price dropped 7.9% during mid-day trading on Friday . The company traded as low as $20.02 and last traded at $20.66. Approximately 63,218,261 shares traded hands during mid-day trading, a decline of 16% from the average daily volume of 75,468,788 shares. The stock had previously closed at $22.43.

Wall Street Analyst Weigh In

A number of brokerages recently commented on INTC. UBS Group decreased their target price on shares of Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Mizuho decreased their price objective on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Wells Fargo & Company dropped their target price on Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Citigroup lowered their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. lowered their price objective on Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $25.58.

Intel Stock Performance

The business has a fifty day moving average price of $22.38 and a 200-day moving average price of $22.20. The stock has a market capitalization of $86.85 billion, a P/E ratio of -4.55 and a beta of 1.13. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last announced its quarterly earnings results 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 net margin of 35.32% and a negative return on equity of 3.27%. On average, sell-side analysts expect that Intel Co. will post -0.11 EPS for the current year.

Institutional Trading of Intel

Large investors have recently modified their holdings of the company. Finley Financial LLC purchased a new stake in Intel during the fourth quarter valued at approximately $25,000. Synergy Investment Management LLC purchased a new stake in shares of Intel in the 4th quarter worth $27,000. Vermillion Wealth Management Inc. bought a new position in Intel in the 4th quarter worth $27,000. BankPlus Trust Department purchased a new position in Intel during the fourth quarter valued at $28,000. Finally, Keystone Financial Group Inc. purchased a new position in Intel during the fourth quarter valued at $29,000. 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.