Intel (NASDAQ:INTC) Trading Down 2.2% - Should You Sell?

Intel Co. (NASDAQ:INTC - Get Free Report) shares fell 2.2% on Friday . The company traded as low as $19.80 and last traded at $19.81. 25,647,177 shares traded hands during trading, a decline of 68% from the average session volume of 80,902,241 shares. The stock had previously closed at $20.25.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on INTC. Susquehanna dropped their price objective on shares of Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Citigroup reissued a "sell" rating on shares of Intel in a research note on Friday, April 25th. JPMorgan Chase & Co. lowered their target price 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. Barclays reaffirmed a "reduce" rating on shares of Intel in a research note on Tuesday, April 22nd. Finally, Wedbush lowered their target price on shares of Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. Six investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $21.57.

Intel Stock Down 3.8%

The stock has a market capitalization of $85.02 billion, a P/E ratio of -4.45 and a beta of 1.15. 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 stock's 50 day simple moving average is $20.67 and its 200 day simple moving average is $21.44.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings results 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 3.27% and a negative net margin of 35.32%. The business had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. During the same period last year, the firm earned $0.18 earnings per share. The company's revenue for the quarter was down .4% compared to the same quarter last year. As a group, research analysts predict that Intel Co. will post -0.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Intel

A number of institutional investors have recently made changes to their positions in the company. Cornerstone Advisory LLC lifted its stake in Intel by 4.3% during the fourth quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker's stock worth $198,000 after purchasing an additional 409 shares during the last quarter. Evergreen Capital Management LLC lifted its stake in Intel by 1.0% in the fourth quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker's stock valued at $840,000 after buying an additional 419 shares during the last quarter. Federated Hermes Inc. lifted its stake in Intel by 0.3% in the fourth quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker's stock valued at $3,263,000 after buying an additional 456 shares during the last quarter. Verdence Capital Advisors LLC lifted its stake in Intel by 1.1% in the first quarter. Verdence Capital Advisors LLC now owns 45,682 shares of the chip maker's stock valued at $1,037,000 after buying an additional 486 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC lifted its stake in Intel by 23.1% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 2,614 shares of the chip maker's stock valued at $59,000 after buying an additional 491 shares during the last quarter. 64.53% of the stock is currently 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.