Intel (NASDAQ:INTC) Shares Decline by 6.3% - What to Consider Next

On Wednesday, Intel Corporation (NASDAQ:INTC) saw its shares fall by 6.3%, trading as low as $24.05 before recovering slightly to close at $24.28. During the trading session, approximately 52.6 million shares changed hands, marking a 26% decline from the average daily trading volume of 71.3 million shares. The previous closing price for Intel was $25.92.

Analysts' Forecast for Intel's Growth

Intel has recently been the focus of multiple research reports from analysts. On January 31, Wells Fargo & Company revised its price target for Intel shares from $28.00 to $25.00, maintaining an "equal weight" rating. Truist Financial also adjusted its price objective downwards from $22.00 to $21.00, with a recommendation to hold the stock. Citigroup lowered its price target from $22.00 to $21.00 and issued a neutral rating on January 21. Additionally, Roth MKM changed its target from $25.00 to $20.00, also giving the stock a neutral rating. Conversely, HSBC upgraded Intel's rating from "reduce" to "hold" in a note issued on January 21.

A summary of analyst ratings shows that four analysts have assigned a sell rating to the stock, while 28 have opted for a hold rating, and just one analyst has recommended buying the stock. MarketBeat.com reports that the average rating for Intel stands at "Hold," with a consensus target price of $27.04.

Performance Metrics of Intel

The current fifty-day moving average price for Intel stock is $21.68, while the two-hundred-day moving average stands at $21.93. The company holds a market capitalization of $105.19 billion, with a P/E ratio of -5.54 and a beta of 1.02, indicating a moderate level of volatility. Intel's debt-to-equity ratio is 0.44, with a quick ratio of 0.98 and a current ratio of 1.33, showing a relatively stable liquidity position.

Intel recently reported its earnings results on January 30, revealing a loss of ($0.02) earnings per share, which was below analysts' expectations of $0.12, missing by $0.14. The company has reported a negative return on equity of 3.27% alongside a net margin of -35.32%. Analysts project Intel will post -0.11 EPS for the current year.

Changes in Institutional Investor Holdings

Several institutional investors have made recent changes to their positions in Intel. In the fourth quarter, 111 Capital acquired a new position valued around $855,000, while PKO Investment Management Joint Stock Co bought a stake valued at $1.865 million. QSM Asset Management Ltd entered with a new position worth $7.011 million, and Universal Beteiligungs und Servicegesellschaft mbH acquired shares worth $70.85 million. Yoffe Investment Management LLC purchased shares worth approximately $357,000. Notably, institutional investors own about 64.53% of Intel's stock, indicating strong institutional support.

Overview of Intel Corporation

Intel Corporation, headquartered in the United States, is a leader in designing, developing, manufacturing, marketing, and selling computing and related products globally. The company operates through various segments, including Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services. Its product offerings encompass central processing units (CPUs), chipsets, system-on-chips (SoCs), graphics processing units (GPUs), and other semiconductor components, reflecting its extensive role in the technology sector.

General Insights

With recent trading activity showing a significant decline, investors may be questioning whether it is time to sell their shares or hold on for potential future growth. Analysts have mixed feelings about the company, with many recommending a cautious approach given the recent downturn in stock price.

Intel, Stocks, Investment