Intel (NASDAQ:INTC) Trading Down 4.8% - Time to Sell?

Intel Co. (NASDAQ:INTC - Get Free Report) shares fell 4.8% on Wednesday . The company traded as low as $20.82 and last traded at $21.02. 49,353,469 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 82,500,306 shares. The stock had previously closed at $22.08.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on INTC. Sanford C. Bernstein cut their price objective on shares of Intel from $25.00 to $21.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Wedbush cut their price objective on shares of Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. JPMorgan Chase & Co. cut their price objective on shares of Intel from $23.00 to $20.00 and set an "underweight" rating for the company in a report on Friday, April 25th. Bank of America raised shares of Intel from an "underperform" rating to a "neutral" rating and boosted their target price for the stock from $19.00 to $25.00 in a research note on Thursday, March 13th. Finally, Mizuho cut their target price on shares of Intel from $23.00 to $22.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Six investment 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. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $21.57.

Intel Stock Down 3.0%

The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $87.85 billion, a price-to-earnings ratio of -4.60 and a beta of 1.12. The firm's fifty day simple moving average is $20.43 and its two-hundred day simple moving average is $21.14.

Intel (NASDAQ:INTC - Get Free Report) last posted its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.12. The company had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. Intel's revenue was down .4% on a year-over-year basis. During the same period in the previous year, the business posted $0.18 EPS. Sell-side analysts anticipate that Intel Co. will post -0.11 EPS for the current year.

Institutional Investors Weigh In On Intel

Institutional investors and hedge funds have recently made changes to their positions in the stock. HFM Investment Advisors LLC purchased a new stake in shares of Intel in the 1st quarter valued at approximately $25,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Intel in the 1st quarter valued at approximately $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Intel during the 1st quarter worth approximately $27,000. LFA Lugano Financial Advisors SA purchased a new stake in Intel during the 1st quarter worth approximately $30,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in Intel during the 4th quarter worth approximately $27,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

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.