Intel (NASDAQ:INTC) Shares Down 0.9% – Time to Sell?

Intel Co. (NASDAQ:INTC)’s stock price dropped 0.9% during trading on Wednesday . The company traded as low as $21.70 and last traded at $21.86. Approximately 12,461,145 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 74,507,667 shares. The stock had previously closed at $22.05.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. HSBC upgraded shares of Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Cantor Fitzgerald raised their price target on Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. Benchmark reiterated a “hold” rating on shares of Intel in a research report on Friday, January 31st. Truist Financial cut their target price on shares of Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Finally, Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Intel currently has a consensus rating of “Hold” and a consensus price target of $27.04.

Intel Trading Up 0.9 %

The stock has a market cap of $96.30 billion, a PE ratio of -5.08 and a beta of 1.02. The stock’s fifty day moving average price is $22.36 and its 200 day moving average price is $22.20. 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 issued its earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing the consensus estimate 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 forecast that Intel Co. will post -0.11 EPS for the current year.

Institutional Trading of Intel

A number of institutional investors have recently made changes to their positions in the stock. Cacti Asset Management LLC raised its stake in Intel by 17.1% during the 1st quarter. Cacti Asset Management LLC now owns 144,197 shares of the chip maker’s stock valued at $3,275,000 after buying an additional 21,097 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Intel by 79.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 15,768 shares of the chip maker’s stock valued at $358,000 after acquiring an additional 6,964 shares during the last quarter. Prostatis Group LLC lifted its holdings in Intel by 78.8% in the fourth quarter. Prostatis Group LLC now owns 44,426 shares of the chip maker’s stock valued at $891,000 after acquiring an additional 19,573 shares during the period. 111 Capital purchased a new position in Intel in the fourth quarter worth about $855,000. Finally, PKO Investment Management Joint Stock Co purchased a new position in Intel in the fourth quarter worth about $1,865,000. Hedge funds and other 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.