Intel Co. (NASDAQ:INTC - Get Free Report) shares traded down 1.4% during mid-day trading on Monday . The company traded as low as $21.05 and last traded at $21.36. 18,541,554 shares were traded during trading, a decline of 77% from the average session volume of 80,415,868 shares. The stock had previously closed at $21.66.
Analyst Ratings Changes
INTC has been the subject of several recent analyst reports. HSBC upgraded shares of Intel from a "reduce" rating to a "hold" rating in a research report on Tuesday, January 21st. Wedbush decreased their price objective on Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Roth Mkm cut their price target on shares of Intel from $25.00 to $20.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Barclays reaffirmed a "reduce" rating on shares of Intel in a research report on Tuesday, April 22nd. Finally, Susquehanna reduced their price objective on Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Six investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Intel presently has a consensus rating of "Hold" and an average target price of $21.67.
Check Out Our Latest Research Report on INTC
Intel Stock Performance
The firm has a market cap of $93.26 billion, a PE ratio of -4.88 and a beta of 1.15. The firm has a 50-day moving average price of $21.40 and a two-hundred day moving average price of $21.68. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.
Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. The company had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The firm's revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 earnings per share. Research analysts forecast that Intel Co. will post -0.11 EPS for the current fiscal year.
Hedge Funds Weigh In On Intel
Institutional investors and hedge funds have recently made changes to their positions in the stock. Cornerstone Advisory LLC boosted its stake in Intel by 4.3% in the fourth quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker's stock valued at $198,000 after acquiring an additional 409 shares in the last quarter. Evergreen Capital Management LLC boosted its holdings in Intel by 1.0% in the 4th quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker's stock valued at $840,000 after purchasing an additional 419 shares in the last quarter. Federated Hermes Inc. grew its holdings in Intel by 0.3% during the fourth quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker's stock worth $3,263,000 after acquiring an additional 456 shares during the period. Verdence Capital Advisors LLC lifted its stake in shares of Intel by 1.1% in the first quarter. Verdence Capital Advisors LLC now owns 45,682 shares of the chip maker's stock valued at $1,037,000 after purchasing an additional 486 shares during the period. Finally, Cary Street Partners Investment Advisory LLC boosted its stake in shares of Intel by 23.1% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 2,614 shares of the chip maker's stock worth $59,000 after acquiring an additional 491 shares in the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.
Intel Company Profile
(
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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