Intel (NASDAQ:INTC) Shares Down 1.9% - What's Next?

Intel Co. (NASDAQ:INTC - Get Free Report) traded down 1.9% on Friday . The company traded as low as $20.32 and last traded at $20.37. 21,544,039 shares changed hands during trading, a decline of 74% from the average session volume of 82,973,731 shares. The stock had previously closed at $20.77.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Benchmark reaffirmed a "hold" rating on shares of Intel in a report on Friday, April 25th. Wells Fargo & Company reduced their target price on Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. JPMorgan Chase & Co. reduced their target price on Intel from $23.00 to $20.00 and set an "underweight" rating on the stock in a report on Friday, April 25th. Bank of America raised Intel from an "underperform" rating to a "neutral" rating and boosted their target price for the stock from $19.00 to $25.00 in a report on Thursday, March 13th. Finally, Mizuho reduced their target price on Intel from $23.00 to $22.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Six investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $21.57.

Intel Stock Performance

The stock has a market capitalization of $87.85 billion, a price-to-earnings ratio of -4.60 and a beta of 1.12. 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's 50 day moving average is $20.43 and its two-hundred day moving average is $21.16.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $12.26 billion. During the same period in the prior year, the business posted $0.18 EPS. The company's quarterly revenue was down .4% on a year-over-year basis. Analysts expect that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Intel

A number of large investors have recently modified their holdings of the business. Cornerstone Advisory LLC increased its holdings in shares of Intel by 4.3% during the fourth quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker's stock worth $198,000 after purchasing an additional 409 shares during the period. Evergreen Capital Management LLC boosted its position in Intel by 1.0% in the fourth quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker's stock valued at $840,000 after buying an additional 419 shares in the last quarter. Federated Hermes Inc. boosted its position in Intel by 0.3% in the fourth quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker's stock valued at $3,263,000 after buying an additional 456 shares in the last quarter. Verdence Capital Advisors LLC raised its stake in shares of Intel by 1.1% during the first quarter. Verdence Capital Advisors LLC now owns 45,682 shares of the chip maker's stock valued at $1,037,000 after acquiring an additional 486 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC raised its stake in shares of Intel by 23.1% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 2,614 shares of the chip maker's stock valued at $59,000 after acquiring an additional 491 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Company Profile

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.