Intel (NASDAQ:INTC) Trading Down 1.5% - Time to Sell?

Intel Corporation (NASDAQ:INTC - Get Free Report) shares traded down 1.5% during trading on Wednesday . The stock traded as low as $23.15 and last traded at $23.24. 20,257,908 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 86,246,933 shares. The stock had previously closed at $23.59.

Analyst Ratings Changes

Several analysts have commented on the company. Cantor Fitzgerald lowered their price target on Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Citigroup restated a "hold" rating on shares of Intel in a report on Tuesday. Susquehanna decreased their target price on Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. UBS Group decreased their target price on Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Intel in a report on Friday, April 25th. Five research analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Intel has a consensus rating of "Hold" and an average price target of $21.76.

Intel Stock Performance

The company has a current ratio of 1.31, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $103.84 billion, a price-to-earnings ratio of -5.32 and a beta of 1.15. The stock has a 50-day simple moving average of $21.20 and a 200-day simple moving average of $21.26.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.12. The business had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. The business's revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.18 EPS. On average, analysts anticipate that Intel Corporation will post -0.11 earnings per share for the current year.

Institutional Investors Weigh In On Intel

Several large investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC increased its position in Intel by 5.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 702,059 shares of the chip maker's stock worth $15,789,000 after buying an additional 35,459 shares during the period. Atticus Wealth Management LLC increased its holdings in shares of Intel by 1,965.0% during the second quarter. Atticus Wealth Management LLC now owns 2,891 shares of the chip maker's stock valued at $65,000 after purchasing an additional 2,751 shares during the period. Mn Services Vermogensbeheer B.V. increased its holdings in shares of Intel by 4.3% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 1,630,200 shares of the chip maker's stock valued at $36,516,000 after purchasing an additional 67,900 shares during the period. RFG Holdings Inc. increased its holdings in shares of Intel by 32.0% during the second quarter. RFG Holdings Inc. now owns 57,674 shares of the chip maker's stock valued at $1,292,000 after purchasing an additional 13,978 shares during the period. Finally, Swedbank AB increased its holdings in shares of Intel by 5.0% during the second quarter. Swedbank AB now owns 9,467,128 shares of the chip maker's stock valued at $212,064,000 after purchasing an additional 454,234 shares during the period. 64.53% of the stock is owned by institutional investors and hedge funds.

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.