Intel (NASDAQ:INTC) Trading Up 1.5% - Here's Why

Intel Co. (NASDAQ:INTC - Get Free Report)'s share price was up 1.5% on Tuesday . The company traded as high as $20.91 and last traded at $20.79. Approximately 28,515,700 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 81,873,304 shares. The stock had previously closed at $20.48.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on INTC shares. Wall Street Zen raised shares of Intel from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Sanford C. Bernstein lowered their target price on shares of Intel from $25.00 to $21.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Rosenblatt Securities lowered their target price on shares of Intel from $18.00 to $14.00 and set a "sell" rating for the company in a report on Friday, April 25th. UBS Group lowered their target price on shares of Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Finally, Cfra Research upgraded shares of Intel to a "hold" rating in a report on Friday, April 25th. Six investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $21.57.

Intel Stock Down 6.3%

The stock has a market capitalization of $90.21 billion, a P/E ratio of -4.72 and a beta of 1.12. The business has a 50-day moving average price of $20.35 and a 200 day moving average price of $21.22. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC - Get Free Report) last released its earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.12. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The firm had revenue of $12.67 billion for the quarter, compared to analysts' expectations of $12.26 billion. During the same quarter in the prior year, the firm posted $0.18 earnings per share. The company's quarterly revenue was down .4% on a year-over-year basis. On average, equities analysts expect that Intel Co. will post -0.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Intel

Several institutional investors have recently made changes to their positions in the company. Strategic Financial Concepts LLC purchased a new stake in shares of Intel during the fourth quarter worth about $782,000. Golden State Wealth Management LLC purchased a new stake in shares of Intel during the fourth quarter worth about $73,000. Kestra Private Wealth Services LLC lifted its holdings in shares of Intel by 9.4% during the fourth quarter. Kestra Private Wealth Services LLC now owns 154,098 shares of the chip maker's stock worth $3,090,000 after purchasing an additional 13,192 shares during the period. Newbridge Financial Services Group Inc. acquired a new stake in shares of Intel during the fourth quarter worth about $100,000. Finally, Angeles Wealth Management LLC lifted its holdings in shares of Intel by 5.7% during the fourth quarter. Angeles Wealth Management LLC now owns 12,520 shares of the chip maker's stock worth $251,000 after purchasing an additional 676 shares during the period. 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.