Intel (NASDAQ:INTC) Shares Down 5.4% – What’s Next?

Intel Co. (NASDAQ:INTC)’s stock price was down 5.4% during trading on Wednesday . The stock traded as low as $25.46 and last traded at $25.91. Approximately 74,175,311 shares were traded during trading, a decline of 21% from the average daily volume of 93,443,813 shares. The stock had previously closed at $27.39.

Analyst Ratings Changes

A number of research analysts have recently weighed in on INTC shares. Northland Securities cut their price target on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. JPMorgan Chase & Co. cut their target price on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. Stifel Nicolaus lowered their price target on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Citigroup reduced their price objective on shares of Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Finally, Roth Mkm lowered their target price on shares of Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Intel presently has a consensus rating of “Hold” and an average price target of $26.88.

Intel Trading Down 5.8 %

The firm has a market capitalization of $111.70 billion, a P/E ratio of -5.90 and a beta of 1.08. 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 firm has a 50 day moving average of $20.53 and a 200-day moving average of $21.56.

Intel (NASDAQ:INTC) last released 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%. On average, equities research analysts predict that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Institutional Trading of Intel

Institutional investors and hedge funds have recently made changes to their positions in the company. Finley Financial LLC bought a new stake 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 $27,000. BankPlus Trust Department acquired a new position in shares of Intel during the 4th quarter worth $28,000. Keystone Financial Group Inc. bought a new stake in shares of Intel during the 4th quarter worth $29,000. Finally, Quest Partners LLC boosted its stake in Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after buying an additional 1,253 shares in the last quarter. 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.