Intel Corporation (NASDAQ:INTC - Get Free Report) shares rose 1.7% on Friday . The company traded as high as $23.38 and last traded at $22.89. Approximately 31,189,572 shares traded hands during trading, a decline of 63% from the average daily volume of 84,847,714 shares. The stock had previously closed at $22.50.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on INTC shares. Seaport Res Ptn raised Intel to a "strong sell" rating in a report on Wednesday, April 30th. Cfra Research raised Intel to a "hold" rating in a report on Friday, April 25th. Mizuho dropped their price objective on shares of Intel from $23.00 to $22.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Wedbush cut their price target on Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Finally, Rosenblatt Securities lowered their price target on shares of Intel from $18.00 to $14.00 and set a "sell" rating on the stock in a report on Friday, April 25th. Six equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $21.57.
Read Our Latest Analysis on Intel
Intel Trading Up 0.8%
The firm has a market cap of $98.91 billion, a P/E ratio of -5.06 and a beta of 1.12. The stock has a 50 day simple moving average of $20.73 and a 200-day simple moving average of $21.10. The company has a current ratio of 1.31, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42.
Intel (NASDAQ:INTC - Get Free Report) last posted its earnings results 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. The firm had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative net margin of 36.19% and a negative return on equity of 3.15%. Intel's revenue for the quarter was down .4% compared to the same quarter last year. During the same period last year, the firm posted $0.18 earnings per share. On average, equities research analysts expect that Intel Corporation will post -0.11 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AG2R LA Mondiale Gestion D Actifs bought a new stake in shares of Intel in the 1st quarter valued at approximately $3,662,000. Swedbank AB lifted its position in Intel by 396.6% in the first quarter. Swedbank AB now owns 9,012,894 shares of the chip maker's stock worth $204,683,000 after buying an additional 7,198,029 shares during the last quarter. Modern Wealth Management LLC boosted its stake in Intel by 61.3% during the first quarter. Modern Wealth Management LLC now owns 65,173 shares of the chip maker's stock worth $1,480,000 after buying an additional 24,758 shares during the period. Strs Ohio purchased a new position in Intel during the first quarter worth $35,651,000. Finally, Westbourne Investments Inc. increased its position in Intel by 319.4% during the first quarter. Westbourne Investments Inc. now owns 71,425 shares of the chip maker's stock valued at $1,622,000 after acquiring an additional 54,395 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock.
Intel Company Profile
(
Get Free Report)
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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