Intel (NASDAQ:INTC) Trading Down 6.1% - Should You Sell?

Intel Co. (NASDAQ:INTC - Get Free Report) shares dropped 6.1% during mid-day trading on Thursday . The company traded as low as $19.85 and last traded at $20.21. Approximately 39,520,931 shares were traded during mid-day trading, a decline of 49% from the average daily volume of 77,124,208 shares. The stock had previously closed at $21.53.

Wall Street Analyst Weigh In

A number of research firms recently commented on INTC. Citigroup dropped their target price on shares of Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 21st. Susquehanna reduced their target price on Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a report on Wednesday. Hsbc Global Res raised Intel from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, January 21st. Rosenblatt Securities reaffirmed a "sell" rating and set a $20.00 price target on shares of Intel in a research report on Thursday, January 30th. Finally, Wells Fargo & Company decreased their price objective on Intel from $28.00 to $25.00 and set an "equal weight" rating for the company in a report on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $25.38.

Intel Stock Performance

The company has a market cap of $83.46 billion, a price-to-earnings ratio of -4.37 and a beta of 1.13. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The stock has a 50 day simple moving average of $22.39 and a 200 day simple moving average of $22.04.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. As a group, analysts predict that Intel Co. will post -0.11 EPS for the current year.

Institutional Trading of Intel

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Finley Financial LLC acquired a new stake in shares of Intel during the 4th quarter valued at approximately $25,000. Synergy Investment Management LLC bought a new position in shares of Intel in the 4th quarter worth about $27,000. Vermillion Wealth Management Inc. bought a new stake in shares of Intel during the 4th quarter valued at about $27,000. BankPlus Trust Department acquired a new stake in Intel during the fourth quarter worth about $28,000. Finally, Keystone Financial Group Inc. acquired a new position in Intel in the fourth quarter valued at approximately $29,000. 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.