Intel Corporation (NASDAQ:INTC - Get Free Report)'s share price fell 1.5% during trading on Wednesday . The stock traded as low as $22.54 and last traded at $22.58. 16,727,626 shares were traded during trading, a decline of 81% from the average session volume of 86,157,844 shares. The stock had previously closed at $22.92.
Analyst Ratings Changes
Several research firms have commented on INTC. JPMorgan Chase & Co. lowered their target price on shares of Intel from $23.00 to $20.00 and set an "underweight" rating on the stock in a research report on Friday, April 25th. Benchmark reissued a "hold" rating on shares of Intel in a research report on Friday, April 25th. Morgan Stanley lowered their target price on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. Sanford C. Bernstein lowered their price target on Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 22nd. Finally, Barclays reaffirmed a "reduce" rating on shares of Intel in a research report on Tuesday, April 22nd. Five analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, Intel presently has a consensus rating of "Hold" and an average target price of $21.95.
Get Our Latest Research Report on Intel
Intel Trading Up 0.5%
The stock has a market cap of $99.45 billion, a P/E ratio of -5.09 and a beta of 1.15. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.93. The business's 50 day simple moving average is $21.50 and its 200 day simple moving average is $21.36.
Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. The firm had revenue of $12.67 billion during the quarter, compared to analysts' expectations of $12.26 billion. Intel had a negative net margin of 36.19% and a negative return on equity of 3.15%. The company's revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter last year, the company earned $0.18 earnings per share. On average, analysts expect that Intel Corporation will post -0.11 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INTC. Vanguard Group Inc. raised its stake in shares of Intel by 2.2% in the first quarter. Vanguard Group Inc. now owns 377,390,437 shares of the chip maker's stock valued at $8,570,537,000 after acquiring an additional 8,291,233 shares during the last quarter. Geode Capital Management LLC boosted its stake in Intel by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker's stock worth $1,909,761,000 after purchasing an additional 2,978,346 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Intel by 8.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,263,339 shares of the chip maker's stock worth $1,268,430,000 after purchasing an additional 4,793,927 shares in the last quarter. Norges Bank acquired a new position in Intel in the fourth quarter worth $1,246,569,000. Finally, Northern Trust Corp boosted its stake in Intel by 0.3% in the first quarter. Northern Trust Corp now owns 45,969,843 shares of the chip maker's stock worth $1,043,975,000 after purchasing an additional 158,288 shares in the last quarter. Institutional investors own 64.53% of the company's stock.
About Intel
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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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