Intel (NASDAQ:INTC) Trading Down 3% – Time to Sell?

by · The Cerbat Gem

Intel Co. (NASDAQ:INTC – Get Free Report)’s share price traded down 3% during trading on Thursday . The company traded as low as $24.48 and last traded at $24.95. 56,564,332 shares were traded during trading, a decline of 40% from the average session volume of 94,708,125 shares. The stock had previously closed at $25.72.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Mizuho decreased their target price on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Rosenblatt Securities restated a “sell” rating and set a $20.00 target price on shares of Intel in a report on Thursday, January 30th. Roth Mkm decreased their price objective on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Benchmark reiterated a “hold” rating on shares of Intel in a report on Friday, January 31st. Finally, Cantor Fitzgerald increased their price objective on Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday. Five investment analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $26.88.

Read Our Latest Analysis on Intel

Intel Trading Down 4.7 %

The firm has a market cap of $107.67 billion, a P/E ratio of -5.68 and a beta of 1.08. The stock has a 50 day simple moving average of $20.84 and a 200-day simple moving average of $21.65. 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 – Get Free Report) last issued its quarterly earnings data 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 expect that Intel Co. will post -0.11 EPS for the current fiscal year.

Institutional Trading of Intel

Several hedge funds have recently modified their holdings of the company. Cornerstone Advisory LLC raised its holdings in Intel by 4.3% during the 4th quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker’s stock valued at $198,000 after buying an additional 409 shares during the period. Evergreen Capital Management LLC raised its holdings in Intel by 1.0% during the 4th quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker’s stock valued at $840,000 after buying an additional 419 shares during the period. Dunhill Financial LLC raised its holdings in Intel by 22.6% during the 3rd quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock valued at $56,000 after buying an additional 438 shares during the period. Federated Hermes Inc. raised its holdings in Intel by 0.3% during the 4th quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker’s stock valued at $3,263,000 after buying an additional 456 shares during the period. Finally, Beaton Management Co. Inc. raised its holdings in Intel by 2.2% during the 3rd quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock valued at $544,000 after buying an additional 500 shares during the period. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Company Profile

(Get Free Report)

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.

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