Intel (NASDAQ:INTC) Stock Price Up 2.1% - What's Next?

Shares of Intel Co. (NASDAQ:INTC - Get Free Report) traded up 2.1% during trading on Tuesday . The stock traded as high as $20.17 and last traded at $20.16. 26,157,833 shares changed hands during trading, a decline of 68% from the average session volume of 81,115,135 shares. The stock had previously closed at $19.74.

Analysts Set New Price Targets

Several analysts have weighed in on INTC shares. Cantor Fitzgerald lowered their price target on shares of Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. Susquehanna lowered their target price on Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. JPMorgan Chase & Co. reduced their price target on Intel from $23.00 to $20.00 and set an "underweight" rating on the stock in a research report on Friday, April 25th. Morgan Stanley lowered their price objective on Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. Finally, Seaport Res Ptn upgraded shares of Intel to a "strong sell" rating in a report on Wednesday, April 30th. Six research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $21.57.

Intel Stock Performance

The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The stock has a market capitalization of $88.33 billion, a P/E ratio of -4.62 and a beta of 1.15. The business has a 50-day moving average price of $20.48 and a 200 day moving average price of $21.34.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share 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 analyst estimates of $12.26 billion. During the same period in the previous year, the business earned $0.18 EPS. The firm's revenue for the quarter was down .4% on a year-over-year basis. As a group, sell-side analysts forecast that Intel Co. will post -0.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Intel

A number of hedge funds have recently bought and sold shares of INTC. Modern Wealth Management LLC boosted its holdings in Intel by 61.3% in the first quarter. Modern Wealth Management LLC now owns 65,173 shares of the chip maker's stock worth $1,480,000 after purchasing an additional 24,758 shares during the last quarter. Strs Ohio purchased a new stake in shares of Intel during the 1st quarter valued at about $35,651,000. Westbourne Investments Inc. lifted its stake in shares of Intel by 319.4% in the 1st quarter. Westbourne Investments Inc. now owns 71,425 shares of the chip maker's stock worth $1,622,000 after purchasing an additional 54,395 shares during the period. Indiana Trust & Investment Management Co grew its position in Intel by 8.4% during the first quarter. Indiana Trust & Investment Management Co now owns 6,457 shares of the chip maker's stock valued at $147,000 after buying an additional 500 shares during the period. Finally, McAdam LLC purchased a new stake in Intel during the first quarter valued at approximately $236,000. Hedge funds and other institutional investors own 64.53% of the company's stock.

About Intel

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.