Intel (NASDAQ:INTC) Stock Price Down 1.6% – Should You Sell?

Intel Co. (NASDAQ:INTC)’s share price dropped 1.6% on Tuesday . The company traded as low as $21.81 and last traded at $22.34. Approximately 21,676,825 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 74,413,067 shares. The stock had previously closed at $22.71.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Rosenblatt Securities restated a “sell” rating and issued a $20.00 target price on shares of Intel in a report on Thursday, January 30th. Bank of America raised Intel from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $19.00 to $25.00 in a research note on Thursday, March 13th. Cantor Fitzgerald boosted their price target on Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, February 18th. Citigroup decreased their target price on shares of Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Finally, Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $27.04.

Intel Stock Down 3.1 %

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 company has a market capitalization of $95.28 billion, a price-to-earnings ratio of -5.03 and a beta of 1.02. The firm’s fifty day simple moving average is $22.35 and its two-hundred day simple moving average is $22.19.

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

Hedge Funds Weigh In On Intel

A number of hedge funds have recently made changes to their positions in INTC. Norges Bank acquired a new stake in Intel during the fourth quarter worth about $1,246,569,000. Two Sigma Advisers LP acquired a new stake in shares of Intel in the fourth quarter worth $289,752,000. Assenagon Asset Management S.A. lifted its position in Intel by 264.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker’s stock worth $393,323,000 after buying an additional 14,227,458 shares in the last quarter. Two Sigma Investments LP acquired a new stake in shares of Intel during the 4th quarter valued at about $237,457,000. Finally, Toronto Dominion Bank raised its holdings in Intel by 286.8% during the fourth quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker’s stock valued at $211,114,000 after buying an additional 7,806,882 shares in the last quarter. 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.