Intel (NASDAQ:INTC) Trading Down 2.1% Following Insider Selling

Intel Co. (NASDAQ:INTC - Get Free Report)'s stock price dropped 2.1% during mid-day trading on Monday after an insider sold shares in the company. The stock traded as low as $25.52 and last traded at $25.64. Approximately 19,992,096 shares changed hands during trading, a decline of 67% from the average daily volume of 59,839,172 shares. The stock had previously closed at $26.20.

Specifically, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the transaction, the executive vice president now directly owns 273,258 shares in the company, valued at $7,104,708. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Analyst Ratings Changes

A number of research firms recently commented on INTC. The Goldman Sachs Group decreased their price objective on Intel from $22.00 to $21.00 and set a "sell" rating on the stock in a research note on Thursday, October 17th. Mizuho lifted their price target on shares of Intel from $22.00 to $23.00 and gave the stock a "neutral" rating in a report on Friday, November 1st. Cantor Fitzgerald cut their price objective on shares of Intel from $40.00 to $27.00 and set a "neutral" rating for the company in a research report on Friday, August 2nd. Needham & Company LLC restated a "hold" rating on shares of Intel in a research report on Friday, November 1st. Finally, Benchmark reiterated a "hold" rating on shares of Intel in a report on Friday, November 1st. Six 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 stock. According to MarketBeat, Intel presently has an average rating of "Hold" and an average price target of $30.12.

Intel Stock Performance

The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The stock has a 50-day moving average price of $22.22 and a 200-day moving average price of $26.55. The firm has a market capitalization of $108.04 billion, a PE ratio of -6.89 and a beta of 1.03.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.44). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The business had revenue of $13.30 billion for the quarter, compared to analysts' expectations of $13.02 billion. During the same quarter in the prior year, the firm earned $0.28 earnings per share. Intel's revenue for the quarter was down 6.3% compared to the same quarter last year. On average, research analysts expect that Intel Co. will post -0.83 EPS for the current fiscal year.

Institutional Investors Weigh In On Intel

Hedge funds and other institutional investors have recently modified their holdings of the stock. America First Investment Advisors LLC acquired a new stake in Intel during the second quarter valued at approximately $25,000. Cyrus J. Lawrence LLC acquired a new stake in shares of Intel during the 2nd quarter valued at approximately $27,000. Quest Partners LLC lifted its stake in Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock worth $30,000 after purchasing an additional 1,253 shares during the last quarter. Spartan Fund Management Inc. acquired a new position in Intel in the second quarter worth $31,000. Finally, Financial Connections Group Inc. bought a new stake in Intel during the second quarter valued at $32,000. 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.