Intel (NASDAQ:INTC) Trading Down 2.1% - Should You Sell?

Intel Corporation (NASDAQ:INTC - Get Free Report) shares traded down 2.1% during trading on Friday . The stock traded as low as $23.16 and last traded at $23.32. 13,962,562 shares were traded during mid-day trading, a decline of 84% from the average session volume of 86,118,383 shares. The stock had previously closed at $23.82.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Susquehanna cut their price objective on shares of Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Rosenblatt Securities cut their price objective on shares of Intel from $18.00 to $14.00 and set a "sell" rating for the company in a report on Friday, April 25th. Wells Fargo & Company cut their price objective on shares of Intel from $25.00 to $22.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. Mizuho raised their price objective on shares of Intel from $22.00 to $23.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. Finally, Barclays reiterated a "reduce" rating on shares of Intel in a research note on Tuesday, April 22nd. Five investment analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has assigned 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 $21.76.

Intel Stock Performance

The company has a market cap of $102.20 billion, a PE ratio of -5.23 and a beta of 1.15. The business's 50-day moving average is $21.33 and its 200 day moving average is $21.31. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.31.

Intel (NASDAQ:INTC - Get Free Report) last issued its 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. The company had revenue of $12.67 billion for the quarter, compared to analysts' expectations of $12.26 billion. Intel had a negative net margin of 36.19% and a negative return on equity of 3.15%. The firm's revenue was down .4% compared to the same quarter last year. During the same quarter last year, the company earned $0.18 EPS. On average, equities research analysts predict that Intel Corporation will post -0.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Intel

A number of large investors have recently added to or reduced their stakes in the business. HFM Investment Advisors LLC bought a new stake in Intel in the 1st quarter worth $25,000. N.E.W. Advisory Services LLC bought a new stake in Intel in the 1st quarter worth $25,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in Intel in the 1st quarter worth $27,000. LFA Lugano Financial Advisors SA bought a new stake in shares of Intel during the 1st quarter valued at about $30,000. Finally, Vermillion Wealth Management Inc. bought a new stake in shares of Intel during the 4th quarter valued at about $27,000. 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.