Shares of Intel Co. (NASDAQ:INTC - Get Free Report) rose 3.8% on Thursday . The company traded as high as $26.02 and last traded at $25.99. Approximately 22,968,135 shares traded hands during trading, a decline of 61% from the average daily volume of 59,600,457 shares. The stock had previously closed at $25.05.
Wall Street Analysts Forecast Growth
INTC has been the topic of several recent analyst reports. Morgan Stanley reduced their price target on Intel from $36.00 to $25.00 and set an "equal weight" rating on the stock in a report on Friday, August 2nd. TD Cowen upgraded Intel to a "hold" rating in a report on Monday, September 16th. Mizuho boosted their target price on Intel from $22.00 to $23.00 and gave the stock a "neutral" rating in a research note on Friday, November 1st. Rosenblatt Securities reissued a "sell" rating and issued a $17.00 price target on shares of Intel in a report on Tuesday, October 29th. Finally, HSBC downgraded shares of Intel from a "hold" rating to a "reduce" rating in a report on Friday, August 2nd. Six 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. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $30.12.
Read Our Latest Analysis on INTC
Intel Stock Up 5.2 %
The firm has a market cap of $113.69 billion, a PE ratio of -6.99 and a beta of 1.03. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average price of $22.01 and a two-hundred day moving average price of $26.72.
Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.44). The company had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The business's quarterly revenue was down 6.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.28 earnings per share. On average, equities research analysts expect that Intel Co. will post -0.47 EPS for the current year.
Institutional Trading of Intel
Hedge funds and other institutional investors have recently bought and sold shares of the business. America First Investment Advisors LLC acquired a new stake in shares of Intel during the second quarter worth about $25,000. Cyrus J. Lawrence LLC acquired a new position in Intel during the second quarter worth approximately $27,000. Spartan Fund Management Inc. acquired a new position in Intel during the second quarter worth approximately $31,000. Financial Connections Group Inc. purchased a new stake in Intel in the second quarter valued at approximately $32,000. Finally, Triad Wealth Partners LLC acquired a new stake in shares of Intel in the second quarter valued at approximately $33,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.
About Intel
(
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.
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