Intel Co. (NASDAQ:INTC - Get Free Report) shares shot up 2.9% during trading on Monday . The stock traded as high as $22.32 and last traded at $22.05. 28,362,292 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 79,818,974 shares. The stock had previously closed at $21.42.
Wall Street Analyst Weigh In
Several brokerages recently commented on INTC. Morgan Stanley cut their price objective on Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. Wells Fargo & Company reduced their price objective on Intel from $25.00 to $22.00 and set an "equal weight" rating for the company in a research note on Friday, April 25th. HSBC upgraded Intel from a "reduce" rating to a "hold" rating in a research note on Tuesday, January 21st. Truist Financial decreased their price objective on shares of Intel from $22.00 to $21.00 and set a "hold" rating on the stock in a research report on Friday, January 31st. Finally, Bank of America upgraded shares of Intel from an "underperform" rating to a "neutral" rating and raised their price objective for the company from $19.00 to $25.00 in a research report on Thursday, March 13th. Six analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $22.23.
Check Out Our Latest Analysis on Intel
Intel Trading Up 3.5%
The stock has a fifty day moving average of $21.24 and a 200-day moving average of $21.70. 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 market cap of $96.75 billion, a PE ratio of -5.06 and a beta of 1.15.
Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, topping the consensus estimate 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 company had revenue of $12.67 billion for the quarter, compared to the consensus estimate of $12.26 billion. During the same period last year, the business posted $0.18 EPS. Intel's quarterly revenue was down .4% on a year-over-year basis. Sell-side analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal year.
Institutional Investors Weigh In On Intel
Several hedge funds have recently made changes to their positions in INTC. Norges Bank bought a new stake in Intel during the 4th quarter valued at $1,246,569,000. Two Sigma Advisers LP bought a new stake in Intel during the 4th quarter valued at $289,752,000. Assenagon Asset Management S.A. boosted its position in Intel by 264.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker's stock valued at $393,323,000 after acquiring an additional 14,227,458 shares in the last quarter. Two Sigma Investments LP bought a new stake in Intel during the 4th quarter valued at $237,457,000. Finally, Goldman Sachs Group Inc. boosted its position in Intel by 133.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 18,758,658 shares of the chip maker's stock valued at $426,009,000 after acquiring an additional 10,719,274 shares in the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.
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.
Further Reading
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