Intel (NASDAQ:INTC) Shares Down 1.6% – Should You Sell?

Intel Co. (NASDAQ:INTC)’s stock price traded down 1.6% on Thursday . The stock traded as low as $22.86 and last traded at $23.04. 16,990,229 shares were traded during trading, a decline of 76% from the average session volume of 71,954,839 shares. The stock had previously closed at $23.42.

Analysts Set New Price Targets

INTC has been the topic of several research analyst reports. Cantor Fitzgerald boosted their price target on shares of Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, February 18th. Truist Financial dropped their target price on Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Barclays reduced their price target on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Benchmark restated a “hold” rating on shares of Intel in a report on Friday, January 31st. Finally, Bank of America upgraded shares of Intel from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $19.00 to $25.00 in a research note on Thursday, March 13th. Four research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $27.04.

Intel Stock Performance

The stock has a market cap of $99.78 billion, a price-to-earnings ratio of -5.26 and a beta of 1.02. The firm has a fifty day simple moving average of $22.22 and a 200 day simple moving average of $22.09. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last issued its earnings results 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 net margin of 35.32% and a negative return on equity of 3.27%. As a group, sell-side analysts expect that Intel Co. will post -0.11 earnings per share for the current year.

Institutional Trading of Intel

A number of institutional investors and hedge funds have recently added to or reduced their stakes in INTC. Quest Partners LLC grew its stake in shares of Intel by 7,370.6% in the 3rd 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. Finley Financial LLC acquired a new stake in Intel in the 4th quarter valued at $25,000. Vermillion Wealth Management Inc. bought a new stake in Intel in the fourth quarter valued at $27,000. Synergy Investment Management LLC acquired a new position in Intel during the fourth quarter worth $27,000. Finally, BankPlus Trust Department bought a new position in shares of Intel during the fourth quarter valued at $28,000. 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.