Intel Co. (NASDAQ:INTC - Get Free Report) fell 0.2% during mid-day trading on Friday . The company traded as low as $20.89 and last traded at $20.96. 12,850,166 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 79,581,765 shares. The stock had previously closed at $21.00.
Analyst Ratings Changes
INTC has been the subject of several recent research reports. Cantor Fitzgerald lowered their target price on Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a report on Monday, April 21st. UBS Group lowered their price objective on Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Cfra Research upgraded Intel to a "hold" rating in a research note on Friday, April 25th. Truist Financial reduced their price target on shares of Intel from $22.00 to $21.00 and set a "hold" rating for the company in a report on Friday, January 31st. Finally, Wedbush cut their price objective on shares of Intel from $20.00 to $19.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Six equities research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $22.23.
Check Out Our Latest Report on Intel
Intel Trading Up 0.3 %
The company has a market cap of $91.86 billion, a PE ratio of -4.81 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 simple moving average of $21.24 and a two-hundred day simple moving average of $21.71.
Intel (NASDAQ:INTC - Get Free Report) last released its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) 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 the consensus estimate of $12.26 billion. During the same quarter in the prior year, the firm earned $0.18 EPS. The company's revenue was down .4% compared to the same quarter last year. Sell-side analysts forecast that Intel Co. will post -0.11 EPS for the current year.
Institutional Trading of Intel
Large investors have recently added to or reduced their stakes in the business. N.E.W. Advisory Services LLC acquired a new position in Intel during the first quarter worth $25,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Intel during the 1st quarter worth about $27,000. Finley Financial LLC acquired a new position in shares of Intel during the 4th quarter valued at about $25,000. LFA Lugano Financial Advisors SA acquired a new stake in Intel in the 1st quarter worth approximately $30,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in Intel in the 4th quarter worth approximately $27,000. 64.53% of the stock is owned by institutional investors.
Intel Company Profile
(
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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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