Intel (NASDAQ:INTC) Trading Down 2.1% After Insider Selling

Shares of Intel Co. (NASDAQ:INTC) fell 2.1% during trading on Monday following insider selling activity. The stock traded as low as $25.52 and last traded at $25.64. 19,992,096 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 59,839,172 shares. The stock had previously closed at $26.20.

Specifically, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the transaction, the executive vice president now owns 273,258 shares of the company’s stock, valued at $7,104,708. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on INTC shares. The Goldman Sachs Group decreased their target price on shares of Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research note on Thursday, October 17th. Wedbush lowered their price objective on shares of Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Northland Securities cut their target price on shares of Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Susquehanna lowered their price target on Intel from $35.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Finally, Hsbc Global Res lowered shares of Intel from a “hold” rating to a “moderate sell” rating in a research report on Friday, August 2nd. Six analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $30.12.

Intel Stock Down 3.6 %

The business has a 50 day moving average of $22.28 and a two-hundred day moving average of $26.48. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The stock has a market capitalization of $104.20 billion, a PE ratio of -6.51 and a beta of 1.03.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The business had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. During the same period in the previous year, the company posted $0.28 earnings per share. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. Analysts predict that Intel Co. will post -0.83 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in INTC. TD Asset Management Inc grew its stake in shares of Intel by 1.5% during the 1st quarter. TD Asset Management Inc now owns 2,103,558 shares of the chip maker’s stock worth $92,914,000 after purchasing an additional 30,066 shares during the period. TBH Global Asset Management LLC raised its holdings in Intel by 23.2% in the 1st quarter. TBH Global Asset Management LLC now owns 10,232 shares of the chip maker’s stock valued at $452,000 after acquiring an additional 1,930 shares during the last quarter. Kingsview Wealth Management LLC lifted its position in Intel by 577.0% during the first quarter. Kingsview Wealth Management LLC now owns 649,373 shares of the chip maker’s stock worth $28,683,000 after buying an additional 553,454 shares in the last quarter. Midwest Professional Planners LTD. boosted its position in shares of Intel by 4.0% during the 1st quarter. Midwest Professional Planners LTD. now owns 46,402 shares of the chip maker’s stock valued at $2,050,000 after acquiring an additional 1,772 shares during the last quarter. Finally, HBK Sorce Advisory LLC grew its stake in shares of Intel by 1.1% in the 1st quarter. HBK Sorce Advisory LLC now owns 43,164 shares of the chip maker’s stock valued at $1,907,000 after buying an additional 470 shares during the period. Hedge funds and other 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.