Intel (NASDAQ:INTC) Shares Down 2.7% - Time to Sell?

Key Points

• Intel's stock price fell by 2.7%, trading at $19.27 with a significant decline in volume, indicating a potential shift in market sentiment.
• Analysts maintained a mixed outlook, with target price adjustments ranging from $20 to $24.50, and a consensus rating of "Hold" from twenty-six analysts.
• The recent quarterly earnings report revealed a loss of ($0.10) EPS, missing estimates, although revenue increased to $12.86 billion, surpassing expectations.

Intel Corporation (NASDAQ:INTC - Get Free Report) traded down 2.7% during trading on Friday . The company traded as low as $18.97 and last traded at $19.27. 35,464,138 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 93,365,234 shares. The stock had previously closed at $19.80.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on INTC shares. Sanford C. Bernstein reduced their target price on shares of Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. Wells Fargo & Company lowered their price objective on shares of Intel from $25.00 to $22.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. Cantor Fitzgerald lowered their price objective on shares of Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Morgan Stanley lowered their price objective on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. Finally, UBS Group increased their price objective on shares of Intel from $21.00 to $25.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Six analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Intel presently has a consensus rating of "Hold" and an average target price of $22.30.

Intel Trading Down 2.5%

The business's 50 day moving average is $21.58 and its two-hundred day moving average is $21.51. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $84.52 billion, a P/E ratio of -4.05 and a beta of 1.22.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The chip maker reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.11). Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The business had revenue of $12.86 billion for the quarter, compared to the consensus estimate of $11.88 billion. During the same quarter last year, the business posted $0.02 EPS. The business's revenue for the quarter was up .5% on a year-over-year basis. Analysts expect that Intel Corporation will post -0.11 EPS for the current year.

Hedge Funds Weigh In On Intel

Institutional investors have recently bought and sold shares of the stock. Nuveen LLC purchased a new position in Intel during the 1st quarter valued at about $538,430,000. Kingstone Capital Partners Texas LLC acquired a new position in shares of Intel during the second quarter worth approximately $345,245,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Intel by 99.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,829,385 shares of the chip maker's stock worth $677,426,000 after buying an additional 14,901,457 shares during the last quarter. Two Sigma Advisers LP acquired a new position in shares of Intel in the fourth quarter valued at $289,752,000. Finally, Two Sigma Investments LP bought a new stake in Intel in the fourth quarter valued at $237,457,000. Hedge funds and other institutional investors own 64.53% of the company's stock.

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.