Intel (NASDAQ:INTC) Trading Down 0.1% - Should You Sell?

Intel Co. (NASDAQ:INTC - Get Free Report) shares were down 0.1% during mid-day trading on Thursday . The company traded as low as $20.51 and last traded at $20.67. Approximately 19,132,720 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 80,500,977 shares. The stock had previously closed at $20.69.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on INTC. Citigroup restated a "sell" rating on shares of Intel in a research note on Friday, April 25th. Rosenblatt Securities cut their price objective on Intel from $18.00 to $14.00 and set a "sell" rating on the stock in a research note on Friday, April 25th. Morgan Stanley decreased their price target on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. Barclays reissued a "reduce" rating on shares of Intel in a report on Tuesday, April 22nd. Finally, Stifel Nicolaus reduced their price objective on Intel from $25.00 to $21.00 and set a "hold" rating for the company in a research report on Friday, January 31st. Six research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Intel currently has an average rating of "Hold" and an average target price of $21.57.

Intel Stock Performance

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 price of $21.07 and a 200-day moving average price of $21.56. The stock has a market capitalization of $87.46 billion, a PE ratio of -4.58 and a beta of 1.15.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The firm had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. During the same period last year, the company earned $0.18 EPS. The company's quarterly revenue was down .4% on a year-over-year basis. Research analysts expect that Intel Co. will post -0.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Intel

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Westbourne Investments Inc. grew its position in shares of Intel by 319.4% in the first quarter. Westbourne Investments Inc. now owns 71,425 shares of the chip maker's stock valued at $1,622,000 after purchasing an additional 54,395 shares during the period. Indiana Trust & Investment Management Co grew its stake in shares of Intel by 8.4% during the 1st quarter. Indiana Trust & Investment Management Co now owns 6,457 shares of the chip maker's stock valued at $147,000 after buying an additional 500 shares during the period. McAdam LLC purchased a new stake in shares of Intel during the 1st quarter valued at $236,000. Acadian Asset Management LLC raised its position in shares of Intel by 146.9% in the 1st quarter. Acadian Asset Management LLC now owns 885,862 shares of the chip maker's stock worth $20,110,000 after buying an additional 527,131 shares during the period. Finally, Geneos Wealth Management Inc. raised its position in shares of Intel by 20.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 48,770 shares of the chip maker's stock worth $1,108,000 after buying an additional 8,135 shares during the period. Institutional investors and hedge funds 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.