Intel (NASDAQ:INTC) Shares Up 2.6% - What's Next?

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 were traded 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.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on INTC shares. Benchmark reiterated a "hold" rating on shares of Intel in a report on Friday, April 25th. Roth Mkm dropped their price objective on Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. UBS Group lowered their price target on shares of Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Stifel Nicolaus decreased their price objective on shares of Intel from $25.00 to $21.00 and set a "hold" rating on the stock in a research report on Friday, January 31st. Finally, Mizuho dropped their target price on shares of Intel from $23.00 to $22.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Six investment analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $22.23.

Intel Trading Up 3.3 %

The stock has a 50 day moving average price of $21.28 and a 200-day moving average price of $21.72. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $91.49 billion, a PE ratio of -4.79 and a beta of 1.15.

Intel (NASDAQ:INTC - Get Free Report) last announced its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.12. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The company had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. During the same period in the previous year, the business posted $0.18 earnings per share. The firm's quarterly revenue was down .4% compared to the same quarter last year. Sell-side analysts expect that Intel Co. will post -0.11 earnings per share for the current year.

Institutional Investors Weigh In On Intel

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Finley Financial LLC bought a new position in Intel during the fourth quarter valued at approximately $25,000. N.E.W. Advisory Services LLC bought a new position in shares of Intel in the first quarter worth about $25,000. Synergy Investment Management LLC purchased a new stake in Intel in the fourth quarter worth about $27,000. Vermillion Wealth Management Inc. bought a new position in shares of Intel during the fourth quarter valued at approximately $27,000. Finally, MJT & Associates Financial Advisory Group Inc. bought a new position in Intel in the first quarter worth approximately $27,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

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.

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