Intel (NASDAQ:INTC) Trading Down 1.4% - Should You Sell?

Intel Corporation (NASDAQ:INTC - Get Free Report) traded down 1.4% during mid-day trading on Monday . The company traded as low as $22.27 and last traded at $22.37. 21,363,498 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 95,110,977 shares. The stock had previously closed at $22.69.

Analysts Set New Price Targets

INTC has been the topic of several recent research reports. Wells Fargo & Company lowered their price target on shares of Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Susquehanna reduced their price target on Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Benchmark reissued a "hold" rating on shares of Intel in a report on Friday, April 25th. Wall Street Zen raised shares of Intel from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, UBS Group lowered their price objective on shares of Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Six research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $21.57.

Intel Stock Performance

The company's 50-day moving average price is $20.81 and its two-hundred day moving average price is $21.13. The company has a market capitalization of $97.71 billion, a price-to-earnings ratio of -5.00 and a beta of 1.12. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.93.

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, beating analysts' consensus estimates of $0.01 by $0.12. The firm had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. The business's revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.18 EPS. On average, equities research analysts anticipate that Intel Corporation will post -0.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Intel

Large investors have recently added to or reduced their stakes in the company. HFM Investment Advisors LLC bought a new stake in shares of Intel in the first quarter valued at approximately $25,000. N.E.W. Advisory Services LLC bought a new stake in Intel during the 1st quarter valued at $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Intel during the first quarter worth $27,000. LFA Lugano Financial Advisors SA bought a new position in shares of Intel in the first quarter worth $30,000. Finally, Vermillion Wealth Management Inc. bought a new position in shares of Intel in the fourth quarter worth $27,000. Hedge funds and other 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.