Intel (NASDAQ:INTC) Shares Down 0.9% – Here’s What Happened

Intel Co. (NASDAQ:INTC)’s share price traded down 0.9% on Monday . The company traded as low as $20.56 and last traded at $20.65. 25,974,096 shares traded hands during trading, a decline of 60% from the average session volume of 64,282,875 shares. The stock had previously closed at $20.83.

Analyst Upgrades and Downgrades

INTC has been the subject of a number of research analyst reports. UBS Group cut their target price on shares of Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft reduced their price objective on Intel from $27.00 to $25.00 and set a “hold” rating for the company in a research report on Thursday, October 3rd. Robert W. Baird raised their target price on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Northland Securities dropped their price objective on shares of Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, Mizuho cut their target price on shares of Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Five research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $27.88.

Intel Stock Down 2.3 %

The company has a fifty day moving average price of $21.23 and a 200-day moving average price of $22.85. The firm has a market capitalization of $87.74 billion, a PE ratio of -5.46, a PEG ratio of 9.72 and a beta of 1.07. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31.

Intel (NASDAQ:INTC) last posted its earnings results 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). The business had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The business’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.28 earnings per share. As a group, analysts expect that Intel Co. will post -0.87 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the 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 directly owns 273,258 shares of the company’s stock, valued at $7,104,708. This represents a 8.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.04% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Intel

Hedge funds and other institutional investors have recently modified their holdings of the business. Quest Partners LLC lifted its holdings in Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after buying an additional 1,253 shares in the last quarter. Finley Financial LLC purchased a new stake in shares of Intel in the fourth quarter valued at approximately $25,000. FSA Wealth Management LLC bought a new position in Intel in the third quarter worth approximately $34,000. Capital Performance Advisors LLP purchased a new position in Intel during the 3rd quarter worth $36,000. Finally, West Financial Advisors LLC bought a new stake in Intel during the 4th quarter valued at $31,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

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.