Intel (NASDAQ:INTC) Stock Price Down 2.1% - Time to Sell?

Intel Corporation (NASDAQ:INTC - Get Free Report)'s share price was down 2.1% during mid-day trading on Friday . The stock traded as low as $20.92 and last traded at $21.04. Approximately 35,111,545 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 83,924,075 shares. The stock had previously closed at $21.49.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on INTC shares. Mizuho reduced their price objective on Intel from $23.00 to $22.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Sanford C. Bernstein reduced their price objective on Intel from $25.00 to $21.00 and set a "market perform" rating for the company in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. cut their price target on Intel from $23.00 to $20.00 and set an "underweight" rating for the company in a research note on Friday, April 25th. Deutsche Bank Aktiengesellschaft assumed coverage on Intel in a research note on Wednesday, May 21st. They set a "hold" rating and a $23.00 price target for the company. Finally, Citigroup reaffirmed a "sell" rating on shares of Intel in a research note on Friday, April 25th. Six equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $21.57.

Intel Trading Down 1.4%

The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.93. The business has a 50 day moving average of $20.50 and a 200 day moving average of $21.08. The firm has a market capitalization of $92.45 billion, a price-to-earnings ratio of -4.74 and a beta of 1.12.

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, topping 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 business had revenue of $12.67 billion during the quarter, compared to analysts' expectations of $12.26 billion. During the same period in the previous year, the firm earned $0.18 earnings per share. The firm'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 Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Principal Securities Inc. lifted its holdings in shares of Intel by 19.6% in the fourth quarter. Principal Securities Inc. now owns 40,722 shares of the chip maker's stock valued at $816,000 after purchasing an additional 6,668 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of Intel in the fourth quarter valued at about $782,000. Venturi Wealth Management LLC lifted its holdings in shares of Intel by 588.6% in the fourth quarter. Venturi Wealth Management LLC now owns 8,821 shares of the chip maker's stock valued at $177,000 after purchasing an additional 7,540 shares in the last quarter. Ieq Capital LLC lifted its holdings in shares of Intel by 251.5% in the fourth quarter. Ieq Capital LLC now owns 411,256 shares of the chip maker's stock valued at $8,246,000 after purchasing an additional 294,255 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in shares of Intel by 31.9% in the fourth quarter. Handelsbanken Fonder AB now owns 2,076,437 shares of the chip maker's stock valued at $41,633,000 after purchasing an additional 502,543 shares in the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.