Intel (NASDAQ:INTC) Trading Down 1.4% – Here’s Why

Intel Co. (NASDAQ:INTC)’s share price dropped 1.4% during trading on Thursday . The stock traded as low as $19.36 and last traded at $19.38. Approximately 13,438,835 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 70,090,648 shares. The stock had previously closed at $19.65.

Analyst Upgrades and Downgrades

INTC has been the subject of several research reports. Wells Fargo & Company dropped their price target on Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Needham & Company LLC reissued a “hold” rating on shares of Intel in a report on Friday, January 31st. JPMorgan Chase & Co. decreased their price target on shares of Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Finally, Stifel Nicolaus decreased their target price on shares of Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Five research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $26.60.

Intel Trading Down 1.4 %

The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The firm’s 50-day moving average is $20.31 and its 200-day moving average is $22.00. The firm has a market cap of $82.70 billion, a price-to-earnings ratio of -4.36 and a beta of 1.08.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. As a group, sell-side analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Briaud Financial Planning Inc purchased a new stake in Intel in the 4th quarter valued at $76,000. Sage Mountain Advisors LLC grew its stake in shares of Intel by 5.4% in the 4th quarter. Sage Mountain Advisors LLC now owns 14,970 shares of the chip maker’s stock worth $300,000 after acquiring an additional 762 shares in the last quarter. Channing Capital Management LLC raised its holdings in shares of Intel by 99.6% in the fourth quarter. Channing Capital Management LLC now owns 421,853 shares of the chip maker’s stock valued at $8,458,000 after purchasing an additional 210,495 shares during the last quarter. Independent Advisor Alliance lifted its position in shares of Intel by 4.4% during the fourth quarter. Independent Advisor Alliance now owns 80,103 shares of the chip maker’s stock valued at $1,606,000 after purchasing an additional 3,395 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Intel by 27.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,069,979 shares of the chip maker’s stock worth $61,553,000 after purchasing an additional 655,520 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

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.