Intel (NASDAQ:INTC) Shares Down 6.1% - What's Next?

Intel Co. (NASDAQ:INTC - Get Free Report)'s share price dropped 6.1% on Thursday . The company traded as low as $19.85 and last traded at $20.21. Approximately 39,520,931 shares traded hands 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.

Analysts Set New Price Targets

INTC has been the topic of several recent analyst reports. Bank of America raised Intel from an "underperform" rating to a "neutral" rating and upped their target price for the company from $19.00 to $25.00 in a research report on Thursday, March 13th. UBS Group decreased their price objective on shares of Intel from $26.00 to $23.00 and set a "neutral" rating for the company in a research note on Tuesday, January 21st. Barclays dropped their target price on Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a report on Friday, January 17th. Cantor Fitzgerald raised their target price on Intel from $22.00 to $29.00 and gave the company a "neutral" rating in a research report on Tuesday, February 18th. Finally, Citigroup reduced their target price on Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a report on Tuesday, January 21st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $25.58.

Intel Price Performance

The company has a 50 day moving average of $22.37 and a 200 day moving average of $22.08. 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 market capitalization of $88.56 billion, a price-to-earnings ratio of -4.64 and a beta of 1.13.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data 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, equities research analysts forecast that Intel Co. will post -0.11 EPS for the current fiscal year.

Institutional Trading of Intel

Institutional investors and hedge funds have recently bought and sold shares of the business. Harbor Capital Advisors Inc. increased its position in shares of Intel by 36.3% in the first quarter. Harbor Capital Advisors Inc. now owns 75,627 shares of the chip maker's stock worth $1,717,000 after acquiring an additional 20,152 shares in the last quarter. Tounjian Advisory Partners LLC acquired a new stake in Intel in the 1st quarter valued at $1,137,000. Pallas Capital Advisors LLC raised its position in Intel by 81.2% in the first quarter. Pallas Capital Advisors LLC now owns 73,423 shares of the chip maker's stock valued at $1,667,000 after purchasing an additional 32,904 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Intel by 18.5% in the first quarter. Farther Finance Advisors LLC now owns 91,303 shares of the chip maker's stock worth $2,013,000 after buying an additional 14,274 shares during the period. Finally, Rheos Capital Works Inc. grew its stake in shares of Intel by 263.5% in the first quarter. Rheos Capital Works Inc. now owns 1,007,000 shares of the chip maker's stock valued at $22,869,000 after buying an additional 730,000 shares in the last quarter. Institutional investors and hedge funds 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.