Intel (NASDAQ:INTC) Stock Price Down 2.1% – Should You Sell?

Shares of Intel Corporation (NASDAQ:INTC) dropped 2.1% on Friday . The company traded as low as $20.92 and last traded at $21.04. Approximately 35,111,545 shares traded hands during trading, a decline of 58% from the average daily volume of 83,924,075 shares. The stock had previously closed at $21.49.

Analysts Set New Price Targets

INTC has been the subject of a number of research reports. Susquehanna reduced their price objective on Intel from $24.00 to $22.00 and set a “neutral” rating for the company in a research report on Wednesday, April 16th. Morgan Stanley reduced their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, April 25th. Wedbush reduced their price objective on Intel from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, April 23rd. Cfra Research raised Intel to a “hold” rating in a research report on Friday, April 25th. Finally, Wells Fargo & Company reduced their price objective on Intel from $25.00 to $22.00 and set an “equal weight” rating for the company in a research report on Friday, April 25th. Six investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $21.57.

Intel Stock Down 1.9%

The business has a 50-day simple moving average of $20.53 and a two-hundred day simple moving average of $21.07. The company has a market cap of $91.95 billion, a price-to-earnings ratio of -4.71 and a beta of 1.12. The company has a quick ratio of 0.93, a current ratio of 1.31 and a debt-to-equity ratio of 0.42.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.12. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. The business had revenue of $12.67 billion during the quarter, compared to analysts’ expectations of $12.26 billion. During the same quarter in the previous year, the firm earned $0.18 EPS. The firm’s revenue was down .4% compared to the same quarter last year. As a group, equities analysts forecast that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Intel

Large investors have recently made changes to their positions in the business. N.E.W. Advisory Services LLC acquired a new position in shares of Intel during the 1st quarter worth about $25,000. HFM Investment Advisors LLC acquired a new position in shares of Intel during the 1st quarter worth about $25,000. Synergy Investment Management LLC acquired a new position in shares of Intel during the 4th quarter worth about $27,000. Vermillion Wealth Management Inc. acquired a new position in shares of Intel during the 4th quarter worth about $27,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Intel during the 1st quarter worth about $27,000. 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.