Intel (NASDAQ:INTC) Shares Down 0.2% – What’s Next?

Intel Co. (NASDAQ:INTC)’s share price was down 0.2% on Thursday . The company traded as low as $19.19 and last traded at $19.27. Approximately 18,958,273 shares changed hands during trading, a decline of 69% from the average daily volume of 61,576,234 shares. The stock had previously closed at $19.30.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Stifel Nicolaus reaffirmed a “hold” rating and set a $25.00 target price (down previously from $28.00) on shares of Intel in a research report on Friday, October 25th. Truist Financial lifted their target price on Intel from $25.00 to $26.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Rosenblatt Securities reiterated a “sell” rating and issued a $17.00 target price on shares of Intel in a report on Tuesday, October 29th. Bank of America restated an “underperform” rating and issued a $21.00 price target on shares of Intel in a report on Tuesday, December 3rd. Finally, Daiwa America upgraded shares of Intel to a “hold” rating in a research note on Monday, August 26th. Six research 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $30.04.

Intel Stock Down 0.9 %

The stock has a market cap of $82.46 billion, a PE ratio of -5.14 and a beta of 1.05. The business has a 50 day moving average price of $22.95 and a 200 day moving average price of $24.97. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The firm had revenue of $13.30 billion during the quarter, compared to analysts’ expectations of $13.02 billion. During the same period in the previous year, the firm posted $0.28 EPS. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. Equities research analysts expect that Intel Co. will post -0.87 EPS for the current fiscal year.

Insider Transactions at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the sale, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.04% of the company’s stock.

Institutional Investors Weigh In On Intel

Institutional investors have recently bought and sold shares of the company. America First Investment Advisors LLC acquired a new stake in shares of Intel in the second quarter worth approximately $25,000. Cyrus J. Lawrence LLC acquired a new stake in Intel during the 2nd quarter worth $27,000. Quest Partners LLC grew its holdings in shares of 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 buying an additional 1,253 shares in the last quarter. Spartan Fund Management Inc. acquired a new stake in shares of Intel in the second quarter valued at about $31,000. Finally, Financial Connections Group Inc. purchased a new position in shares of Intel in the second quarter worth about $32,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

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.