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

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on INTC shares. Seaport Res Ptn upgraded shares of Intel to a "strong sell" rating in a research note on Wednesday, April 30th. Bank of America upgraded shares of Intel from an "underperform" rating to a "neutral" rating and raised their price target for the stock from $19.00 to $25.00 in a research note on Thursday, March 13th. Mizuho raised their price target on shares of Intel from $22.00 to $23.00 and gave the stock a "neutral" rating in a research note on Thursday, July 3rd. JPMorgan Chase & Co. decreased their price target on shares of Intel from $23.00 to $20.00 and set an "underweight" rating for the company in a research note on Friday, April 25th. Finally, Rosenblatt Securities decreased their price target on shares of Intel from $18.00 to $14.00 and set a "sell" rating for the company in a research note on Friday, April 25th. Five equities research analysts have rated the stock with a sell rating, twenty-six have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Intel has an average rating of "Hold" and a consensus price target of $21.76.

Intel Stock Performance

The company's fifty day simple moving average is $21.20 and its 200 day simple moving average is $21.26. The company has a current ratio of 1.31, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $104.18 billion, a P/E ratio of -5.33 and a beta of 1.15.

Intel (NASDAQ:INTC - Get Free Report) last posted 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 net margin of 36.19% and a negative return on equity of 3.15%. The company had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. During the same period in the previous year, the firm posted $0.18 EPS. The firm's revenue was down .4% compared to the same quarter last year. As a group, sell-side analysts forecast that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

Institutional Trading of Intel

A number of hedge funds have recently made changes to their positions in the stock. HFM Investment Advisors LLC bought a new stake in Intel in the first quarter worth $25,000. N.E.W. Advisory Services LLC bought a new stake in Intel in the first quarter worth $25,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in Intel in the first quarter worth $27,000. LFA Lugano Financial Advisors SA bought a new stake in Intel in the first quarter worth $30,000. Finally, Vermillion Wealth Management Inc. bought a new position in shares of Intel during the fourth quarter valued at about $27,000. 64.53% of the stock is owned by institutional investors.

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.