Intel (NASDAQ:INTC) Shares Down 0.5% - Should You Sell?

Intel Co. (NASDAQ:INTC - Get Free Report)'s stock price dropped 0.5% during mid-day trading on Tuesday . The company traded as low as $21.12 and last traded at $21.27. Approximately 13,773,867 shares changed hands during trading, a decline of 83% from the average daily volume of 80,335,161 shares. The stock had previously closed at $21.38.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Mizuho cut their price objective on Intel from $23.00 to $22.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. UBS Group dropped their target price on shares of Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a report on Friday, April 25th. JPMorgan Chase & Co. decreased their price objective on Intel from $23.00 to $20.00 and set an "underweight" rating for the company in a report on Friday, April 25th. Cfra Research raised Intel to a "hold" rating in a research report on Friday, April 25th. Finally, Citigroup reaffirmed a "sell" rating on shares of Intel in a research report on Friday, April 25th. Six investment 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. Based on data from MarketBeat.com, Intel has an average rating of "Hold" and a consensus target price of $21.67.

Intel Price Performance

The firm has a market capitalization of $93.19 billion, a P/E ratio of -4.87 and a beta of 1.15. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The firm's 50 day simple moving average is $21.41 and its two-hundred day simple moving average is $21.66.

Intel (NASDAQ:INTC - Get Free Report) last announced 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. The firm had revenue of $12.67 billion during the quarter, compared to analysts' expectations of $12.26 billion. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The company's revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.18 earnings per share. As a group, analysts predict that Intel Co. will post -0.11 earnings per share for the current year.

Hedge Funds Weigh In On Intel

Several institutional investors and hedge funds have recently bought and sold shares of the company. Cornerstone Advisory LLC raised its stake in shares of Intel by 4.3% during the 4th quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker's stock worth $198,000 after buying an additional 409 shares in the last quarter. Evergreen Capital Management LLC increased its position in Intel by 1.0% during the 4th quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker's stock worth $840,000 after purchasing an additional 419 shares in the last quarter. Federated Hermes Inc. raised its position in Intel by 0.3% in the fourth quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker's stock valued at $3,263,000 after purchasing an additional 456 shares during the period. Verdence Capital Advisors LLC boosted its stake in shares of Intel by 1.1% in the first quarter. Verdence Capital Advisors LLC now owns 45,682 shares of the chip maker's stock valued at $1,037,000 after purchasing an additional 486 shares during the period. Finally, Cary Street Partners Investment Advisory LLC boosted its position in Intel by 23.1% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 2,614 shares of the chip maker's stock valued at $59,000 after purchasing an additional 491 shares during the period. 64.53% of the stock is currently owned by institutional investors and hedge funds.

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.

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