Intel Co. (NASDAQ:INTC - Get Free Report)'s share price was down 1% during trading on Monday . The stock traded as low as $20.34 and last traded at $20.41. Approximately 10,461,910 shares traded hands during trading, a decline of 87% from the average daily volume of 79,553,869 shares. The stock had previously closed at $20.62.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on INTC shares. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a research report on Friday, April 25th. Truist Financial dropped their target price on shares of Intel from $22.00 to $21.00 and set a "hold" rating for the company in a research report on Friday, January 31st. Benchmark reaffirmed a "hold" rating on shares of Intel in a research note on Friday, April 25th. Roth Mkm cut their target price on shares of Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Finally, Seaport Res Ptn upgraded shares of Intel to a "strong sell" rating in a research report on Wednesday, April 30th. Six research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Intel currently has a consensus rating of "Hold" and a consensus price target of $22.23.
Get Our Latest Analysis on Intel
Intel Trading Down 1.4 %
The firm has a market cap of $88.70 billion, a P/E ratio of -4.64 and a beta of 1.15. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The business's 50-day moving average is $21.47 and its two-hundred day moving average is $21.76.
Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $12.26 billion. During the same period in the prior year, the firm earned $0.18 EPS. Intel's quarterly revenue was down .4% compared to the same quarter last year. As a group, analysts predict that Intel Co. will post -0.11 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Intel
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank bought a new stake in shares of Intel during the 4th quarter valued at $1,246,569,000. Two Sigma Advisers LP bought a new position in Intel in the fourth quarter valued at approximately $289,752,000. Assenagon Asset Management S.A. boosted its holdings 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 purchasing an additional 14,227,458 shares in the last quarter. Two Sigma Investments LP acquired a new position in shares of Intel during the 4th quarter worth $237,457,000. Finally, Toronto Dominion Bank grew its position in Intel by 286.8% in the fourth 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 last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.
Intel Company Profile
(
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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.
Further Reading
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