Intel (NASDAQ:INTC) Shares Down 1.4% – Here’s What Happened

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

Analyst Ratings Changes

A number of research firms have recently commented on INTC. Truist Financial lowered their target price on Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Mizuho dropped their target price on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Citigroup decreased their price target on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Benchmark reiterated a “hold” rating on shares of Intel in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. decreased their target price on Intel from $26.00 to $23.00 and set an “underweight” rating for the company 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $26.60.

Intel Trading Down 1.4 %

The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The stock has a market cap of $82.70 billion, a P/E ratio of -4.36 and a beta of 1.08. The stock has a 50-day moving average price of $20.31 and a 200-day moving average price of $22.00.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. On average, equities research analysts expect that Intel Co. will post -0.11 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Finley Financial LLC bought a new position in Intel during the 4th quarter worth approximately $25,000. Synergy Investment Management LLC purchased a new position in shares of Intel in the fourth quarter worth $27,000. BankPlus Trust Department bought a new stake in Intel during the 4th quarter valued at $28,000. Keystone Financial Group Inc. purchased a new stake in Intel during the 4th quarter valued at $29,000. Finally, Quest Partners LLC grew its holdings in Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after acquiring an additional 1,253 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.