Shares of Intel Corporation (NASDAQ:INTC - Get Free Report) fell 1.4% during trading on Monday . The company traded as low as $22.88 and last traded at $23.11. 16,625,729 shares changed hands during trading, a decline of 81% from the average session volume of 86,200,638 shares. The stock had previously closed at $23.43.
Wall Street Analyst Weigh In
A number of research firms have commented on INTC. Cfra Research raised shares of Intel to a "hold" rating in a research report on Friday, April 25th. Benchmark reissued a "hold" rating on shares of Intel in a research report on Friday, April 25th. Sanford C. Bernstein reduced their target price on shares of Intel from $25.00 to $21.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd. Citigroup reaffirmed a "hold" rating on shares of Intel in a research note on Tuesday, July 8th. Finally, Rosenblatt Securities lowered their target price on Intel from $18.00 to $14.00 and set a "sell" rating for the company in a research note on Friday, April 25th. Five research analysts have rated the stock with a sell rating, twenty-six have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $21.95.
Get Our Latest Analysis on Intel
Intel Trading Down 0.6%
The firm has a 50 day simple moving average of $21.33 and a 200 day simple moving average of $21.32. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.31. The firm has a market cap of $101.61 billion, a P/E ratio of -5.21 and a beta of 1.15.
Intel (NASDAQ:INTC - Get Free Report) last released its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates 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 3.15% and a negative net margin of 36.19%. Intel's quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS. On average, equities research analysts predict that Intel Corporation will post -0.11 EPS for the current fiscal year.
Hedge Funds Weigh In On Intel
Large investors have recently bought and sold shares of the stock. HFM Investment Advisors LLC bought a new stake in shares of Intel during the first quarter valued at approximately $25,000. N.E.W. Advisory Services LLC bought a new stake in shares of Intel during the first quarter valued at approximately $25,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Intel during the first quarter valued at approximately $27,000. LFA Lugano Financial Advisors SA bought a new stake in shares of Intel during the first quarter valued at approximately $30,000. Finally, Vermillion Wealth Management Inc. bought a new stake in Intel in the fourth quarter worth $27,000. 64.53% of the stock is owned by hedge funds and other 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.
Further Reading
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