Intel (NASDAQ:INTC) Shares Down 1.9% - Should You Sell?

Intel Corporation (NASDAQ:INTC - Get Free Report)'s stock price fell 1.9% during trading on Monday . The stock traded as low as $22.03 and last traded at $22.06. 21,184,789 shares were traded during mid-day trading, a decline of 75% from the average session volume of 86,129,610 shares. The stock had previously closed at $22.49.

Analyst Upgrades and Downgrades

Several research firms recently commented on INTC. Sanford C. Bernstein cut their price target on Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. Wells Fargo & Company cut their price target on Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. JPMorgan Chase & Co. cut their price target on Intel from $23.00 to $20.00 and set an "underweight" rating on the stock in a research note on Friday, April 25th. Wedbush cut their price objective on Intel from $20.00 to $19.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. Finally, Benchmark restated a "hold" rating on shares of Intel in a research note on Friday, April 25th. Five investment analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $21.76.

Intel Price Performance

The stock has a market capitalization of $102.25 billion, a price-to-earnings ratio of -5.23 and a beta of 1.15. The company has a quick ratio of 0.93, a current ratio of 1.31 and a debt-to-equity ratio of 0.42. The business has a 50-day simple moving average of $21.13 and a two-hundred day simple moving average of $21.25.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.12. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. The company had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. During the same quarter in the prior year, the firm earned $0.18 EPS. The company's quarterly revenue was down .4% compared to the same quarter last year. As a group, research analysts predict that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

Institutional Trading of Intel

Hedge funds have recently modified their holdings of the business. N.E.W. Advisory Services LLC acquired a new position in shares of Intel in the first quarter worth $25,000. HFM Investment Advisors LLC acquired a new stake in shares of Intel in the first quarter valued at about $25,000. Vermillion Wealth Management Inc. bought a new stake in shares of Intel in the fourth quarter valued at about $27,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Intel in the first quarter valued at about $27,000. Finally, LFA Lugano Financial Advisors SA bought a new stake in shares of Intel in the first quarter valued at about $30,000. 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.