Intel Co. (NASDAQ:INTC - Get Free Report)'s share price dropped 4.3% on Wednesday . The company traded as low as $21.55 and last traded at $21.59. Approximately 32,883,186 shares changed hands during trading, a decline of 59% from the average daily volume of 80,002,992 shares. The stock had previously closed at $22.56.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on INTC shares. StockNews.com raised Intel from a "sell" rating to a "hold" rating in a research note on Monday, April 28th. Needham & Company LLC reissued a "hold" rating on shares of Intel in a research note on Friday, April 25th. JPMorgan Chase & Co. cut their price target on Intel from $23.00 to $20.00 and set an "underweight" rating on the stock in a report on Friday, April 25th. Mizuho lowered their price objective on shares of Intel from $23.00 to $22.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Finally, Rosenblatt Securities dropped their target price on shares of Intel from $18.00 to $14.00 and set a "sell" rating on the stock in a research report on Friday, April 25th. Six research analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, Intel currently has an average rating of "Hold" and a consensus price target of $21.67.
Read Our Latest Report on INTC
Intel Stock Performance
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 company's fifty day moving average price is $21.36 and its 200 day moving average price is $21.69. The company has a market cap of $94.08 billion, a PE ratio of -4.92 and a beta of 1.15.
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, 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 firm had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. During the same quarter last year, the business posted $0.18 EPS. The company's revenue for the quarter was down .4% on a year-over-year basis. On average, equities research analysts predict that Intel Co. will post -0.11 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Claro Advisors LLC purchased a new position in Intel in the fourth quarter valued at approximately $260,000. Apella Capital LLC raised its stake in shares of Intel by 10.6% in the fourth quarter. Apella Capital LLC now owns 11,957 shares of the chip maker's stock valued at $240,000 after buying an additional 1,145 shares during the period. Armstrong Advisory Group Inc. lifted its position in shares of Intel by 28.9% during the 4th quarter. Armstrong Advisory Group Inc. now owns 7,383 shares of the chip maker's stock valued at $148,000 after buying an additional 1,657 shares during the last quarter. Sawyer & Company Inc bought a new position in shares of Intel during the 4th quarter worth $32,000. Finally, West Financial Advisors LLC purchased a new stake in Intel in the 4th quarter worth about $31,000. Institutional investors 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.
Further Reading
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