Intel Co. (NASDAQ:INTC - Get Free Report)'s share price shot up 2.6% during mid-day trading on Thursday . The company traded as high as $21.19 and last traded at $20.83. 26,126,232 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 79,604,597 shares. The stock had previously closed at $20.31.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on INTC. Cantor Fitzgerald dropped their target price on shares of Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Roth Mkm dropped their target price on shares of Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Stifel Nicolaus dropped their target price on shares of Intel from $25.00 to $21.00 and set a "hold" rating for the company in a report on Friday, January 31st. Hsbc Global Res raised shares of Intel from a "moderate sell" rating to a "hold" rating in a report on Tuesday, January 21st. Finally, Wedbush dropped their target price on shares of Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Six investment analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, Intel has a consensus rating of "Hold" and an average price target of $22.23.
Read Our Latest Stock Analysis on Intel
Intel Stock Performance
The stock has a market cap of $96.75 billion, a price-to-earnings ratio of -5.06 and a beta of 1.15. The stock's 50-day moving average is $21.24 and its 200-day moving average is $21.70. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98.
Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.12. The company had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. Intel's revenue for the quarter was down .4% on a year-over-year basis. During the same quarter last year, the business earned $0.18 EPS. Analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal year.
Hedge Funds Weigh In On Intel
A number of hedge funds have recently made changes to their positions in INTC. Norges Bank acquired a new position in shares of Intel in the 4th quarter valued at $1,246,569,000. Two Sigma Advisers LP purchased a new position in shares of Intel in the 4th quarter valued at $289,752,000. Assenagon Asset Management S.A. raised its stake in shares of Intel by 264.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker's stock valued at $393,323,000 after acquiring an additional 14,227,458 shares during the period. Two Sigma Investments LP purchased a new position in shares of Intel in the 4th quarter valued at $237,457,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of Intel by 133.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 18,758,658 shares of the chip maker's stock valued at $426,009,000 after acquiring an additional 10,719,274 shares during the period. Institutional investors and hedge funds own 64.53% of the company's stock.
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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