Intel Corporation (NASDAQ:INTC - Get Free Report)'s share price rose 1.6% during trading on Thursday . The company traded as high as $23.92 and last traded at $23.82. Approximately 18,328,398 shares traded hands during trading, a decline of 79% from the average daily volume of 86,126,789 shares. The stock had previously closed at $23.44.
Analysts Set New Price Targets
INTC has been the topic of several recent analyst reports. Cfra Research upgraded shares of Intel to a "hold" rating in a report on Friday, April 25th. Benchmark reaffirmed a "hold" rating on shares of Intel in a research note on Friday, April 25th. Barclays reiterated a "reduce" rating on shares of Intel in a research report on Tuesday, April 22nd. Susquehanna cut their price objective on Intel from $24.00 to $22.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Finally, UBS Group reduced their target price on Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Five investment analysts have rated the stock with a sell rating, twenty-six have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $21.76.
Read Our Latest Stock Report on INTC
Intel Stock Performance
The business's fifty day moving average price is $21.33 and its 200-day moving average price is $21.32. The stock has a market cap of $102.20 billion, a PE ratio of -5.23 and a beta of 1.15. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.31.
Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.12. Intel had a negative net margin of 36.19% and a negative return on equity of 3.15%. The company had revenue of $12.67 billion for the quarter, compared to the consensus estimate of $12.26 billion. During the same quarter in the prior year, the firm earned $0.18 earnings per share. The firm's revenue for the quarter was down .4% compared to the same quarter last year. As a group, equities research analysts forecast that Intel Corporation will post -0.11 EPS for the current fiscal year.
Institutional Trading of Intel
A number of hedge funds have recently bought and sold shares of INTC. Freestone Grove Partners LP purchased a new stake in shares of Intel during the 4th quarter valued at about $62,654,000. Toronto Dominion Bank increased its holdings in Intel by 286.8% during the fourth quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock valued at $211,114,000 after buying an additional 7,806,882 shares during the last quarter. 180 Wealth Advisors LLC raised its position in Intel by 124.9% in the first quarter. 180 Wealth Advisors LLC now owns 127,916 shares of the chip maker's stock worth $2,905,000 after acquiring an additional 71,049 shares during the period. Alteri Wealth LLC bought a new position in Intel in the fourth quarter worth approximately $2,379,000. Finally, Gordian Capital Singapore Pte Ltd boosted its stake in shares of Intel by 120.7% during the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 64,000 shares of the chip maker's stock worth $1,282,000 after acquiring an additional 35,000 shares during the last quarter. Hedge funds and other 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.
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