Intel Co. (NASDAQ:INTC - Get Free Report) was up 1.2% during trading on Wednesday . The stock traded as high as $22.16 and last traded at $22.03. Approximately 19,245,330 shares traded hands during trading, a decline of 70% from the average daily volume of 64,537,594 shares. The stock had previously closed at $21.77.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on INTC shares. Truist Financial raised their price objective on shares of Intel from $25.00 to $26.00 and gave the stock a "hold" rating in a report on Friday, November 1st. Robert W. Baird upped their target price on shares of Intel from $20.00 to $25.00 and gave the stock a "neutral" rating in a report on Friday, November 1st. Needham & Company LLC reissued a "hold" rating on shares of Intel in a research note on Friday, November 1st. Stifel Nicolaus restated a "hold" rating and issued a $25.00 price target (down from $28.00) on shares of Intel in a research note on Friday, October 25th. Finally, Barclays reduced their price objective on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Friday, January 17th. Five investment analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $28.81.
Read Our Latest Analysis on INTC
Intel Price Performance
The stock has a market capitalization of $92.63 billion, a PE ratio of -5.77, a price-to-earnings-growth ratio of 9.59 and a beta of 1.07. The stock's 50 day moving average price is $21.37 and its 200-day moving average price is $23.12. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44.
Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.44). The firm had revenue of $13.30 billion during the quarter, compared to analysts' expectations of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The firm's revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 EPS. As a group, equities analysts forecast that Intel Co. will post -0.87 EPS for the current year.
Insider Activity at Intel
In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the transaction, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.04% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. Finley Financial LLC acquired a new position in shares of Intel in the 4th quarter valued at $25,000. Quest Partners LLC grew its stake in Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock valued at $30,000 after purchasing an additional 1,253 shares during the last quarter. West Financial Advisors LLC acquired a new position in shares of Intel in the fourth quarter valued at about $31,000. Groupama Asset Managment raised its stake in shares of Intel by 6.3% in the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker's stock worth $32,000 after purchasing an additional 8,084 shares during the last quarter. Finally, Sawyer & Company Inc acquired a new stake in shares of Intel during the fourth quarter worth about $32,000. Hedge funds and other institutional investors 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.
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