Intel (NASDAQ:INTC) Stock Price Down 2.1% Following Insider Selling

Intel Co. (NASDAQ:INTC)’s share price traded down 2.1% during mid-day trading on Monday after an insider sold shares in the company. The company traded as low as $25.52 and last traded at $25.64. 19,992,096 shares changed hands during 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 company’s 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 of the company’s stock, valued at $7,104,708. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Analyst Ratings Changes

INTC has been the topic of several recent research reports. Barclays reduced their price target on shares of Intel from $40.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, August 2nd. New Street Research lowered shares of Intel from a “buy” rating to a “neutral” rating in a research report on Friday, August 2nd. StockNews.com lowered shares of Intel from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Bank of America lowered shares of Intel from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $35.00 to $23.00 in a research report on Friday, August 2nd. Finally, UBS Group dropped their price objective on shares of Intel from $37.00 to $32.00 and set a “neutral” rating for the company 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’s stock. According to data from MarketBeat, Intel currently has a consensus rating of “Hold” and an average target price of $30.12.

Intel Stock Performance

The stock’s 50-day moving average price is $22.22 and its 200-day moving average price is $26.55. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $108.04 billion, a P/E ratio of -6.89 and a beta of 1.03.

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). The firm had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The firm’s revenue was down 6.3% on a year-over-year basis. During the same period last year, the business earned $0.28 EPS. As a group, equities analysts expect that Intel Co. will post -0.83 EPS for the current year.

Hedge Funds Weigh In On Intel

Several large investors have recently bought and sold shares of INTC. William B. Walkup & Associates Inc. acquired a new position in shares of Intel in the 2nd quarter worth approximately $2,178,000. Fortis Group Advisors LLC grew its stake in shares of Intel by 1,052.9% in the 3rd quarter. Fortis Group Advisors LLC now owns 172,996 shares of the chip maker’s stock worth $4,058,000 after purchasing an additional 157,991 shares during the last quarter. Private Advisory Group LLC acquired a new position in shares of Intel in the third quarter worth about $8,045,000. Catalyst Capital Advisors LLC boosted its holdings in shares of Intel by 1,110.8% in the third quarter. Catalyst Capital Advisors LLC now owns 49,522 shares of the chip maker’s stock worth $1,162,000 after buying an additional 45,432 shares during the period. Finally, Tyler Stone Wealth Management boosted its holdings in shares of Intel by 105.4% in the third quarter. Tyler Stone Wealth Management now owns 41,276 shares of the chip maker’s stock worth $968,000 after buying an additional 21,177 shares during the period. Institutional investors and hedge funds 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.