Intel (NASDAQ:INTC) Trading Up 2% - Here's Why

Intel Co. (NASDAQ:INTC - Get Free Report) rose 2% during trading on Tuesday . The company traded as high as $20.50 and last traded at $20.45. Approximately 23,009,456 shares traded hands during trading, a decline of 72% from the average daily volume of 80,782,868 shares. The stock had previously closed at $20.05.

Analyst Upgrades and Downgrades

INTC has been the subject of a number of research analyst reports. Sanford C. Bernstein dropped their price objective on shares of Intel from $25.00 to $21.00 and set a "market perform" rating for the company in a research note on Tuesday, April 22nd. Cfra Research raised shares of Intel to a "hold" rating in a research note on Friday, April 25th. Rosenblatt Securities dropped their price objective on shares of Intel from $18.00 to $14.00 and set a "sell" rating for the company in a research note on Friday, April 25th. Citigroup reaffirmed a "sell" rating on shares of Intel in a research note on Friday, April 25th. Finally, Bank of America upgraded Intel from an "underperform" rating to a "neutral" rating and boosted their target price for the stock from $19.00 to $25.00 in a report on Thursday, March 13th. 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 company has a consensus rating of "Hold" and a consensus target price of $21.57.

Intel Stock Performance

The company has a market capitalization of $89.40 billion, a PE ratio of -4.68 and a beta of 1.15. 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 company has a 50 day moving average price of $20.92 and a 200 day moving average price of $21.51.

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 the consensus estimate of $0.01 by $0.12. The company had revenue of $12.67 billion during the quarter, compared to analysts' expectations of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The business's revenue was down .4% on a year-over-year basis. During the same period in the prior year, the business posted $0.18 EPS. Equities analysts forecast that Intel Co. will post -0.11 EPS for the current year.

Institutional Investors Weigh In On Intel

Several hedge funds and other institutional investors have recently modified their holdings of INTC. Norges Bank bought a new stake in shares of Intel in the 4th quarter worth about $1,246,569,000. Nuveen LLC bought a new position in Intel during the first quarter worth $538,430,000. Price T Rowe Associates Inc. MD lifted its stake in Intel by 99.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,829,385 shares of the chip maker's stock worth $677,426,000 after purchasing an additional 14,901,457 shares during the last quarter. Two Sigma Advisers LP bought a new position in Intel during the fourth quarter worth $289,752,000. Finally, Two Sigma Investments LP bought a new position in Intel during the fourth quarter worth $237,457,000. 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.