Shares of Intel Co. (NASDAQ:INTC - Get Free Report) dropped 0.1% during trading on Thursday . The company traded as low as $20.51 and last traded at $20.67. Approximately 19,132,720 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 80,500,977 shares. The stock had previously closed at $20.69.
Analysts Set New Price Targets
Several equities analysts have commented on the company. JPMorgan Chase & Co. lowered their price objective on Intel from $23.00 to $20.00 and set an "underweight" rating for the company in a research report on Friday, April 25th. Deutsche Bank Aktiengesellschaft assumed coverage on Intel in a research report on Wednesday. They set a "hold" rating and a $23.00 price objective for the company. Truist Financial lowered their price objective on Intel from $22.00 to $21.00 and set a "hold" rating for the company in a research report on Friday, January 31st. Seaport Res Ptn raised Intel to a "strong sell" rating in a research report on Wednesday, April 30th. Finally, Sanford C. Bernstein lowered their price objective on Intel from $25.00 to $21.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd. Six investment 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 stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $21.57.
View Our Latest Analysis on Intel
Intel Price Performance
The firm has a fifty day moving average of $21.07 and a 200 day moving average of $21.62. The company has a market capitalization of $87.46 billion, a P/E ratio of -4.58 and a beta of 1.15. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.
Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, topping the consensus estimate of $0.01 by $0.12. The company had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Intel's revenue for the quarter was down .4% on a year-over-year basis. During the same period last year, the company earned $0.18 EPS. On average, equities research analysts anticipate that Intel Co. will post -0.11 EPS for the current year.
Institutional Investors Weigh In On Intel
Large investors have recently made changes to their positions in the company. Freestone Grove Partners LP bought a new stake in shares of Intel during the 4th quarter valued at about $62,654,000. Rheos Capital Works Inc. grew its stake in shares of Intel by 12.1% during the 4th quarter. Rheos Capital Works Inc. now owns 277,000 shares of the chip maker's stock valued at $5,554,000 after acquiring an additional 30,000 shares during the period. Clifford Swan Investment Counsel LLC grew its stake in shares of Intel by 1.9% during the 4th quarter. Clifford Swan Investment Counsel LLC now owns 819,532 shares of the chip maker's stock valued at $16,432,000 after acquiring an additional 15,214 shares during the period. Toronto Dominion Bank grew its stake in shares of Intel by 286.8% during the 4th quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock valued at $211,114,000 after acquiring an additional 7,806,882 shares during the period. Finally, Accel Wealth Management grew its stake in shares of Intel by 109.8% during the 4th quarter. Accel Wealth Management now owns 50,454 shares of the chip maker's stock valued at $1,012,000 after acquiring an additional 26,411 shares during the period. 64.53% of the stock is currently owned by institutional investors.
About Intel
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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.
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