Intel Corporation (NASDAQ:INTC - Get Free Report)'s stock price fell 1.5% during mid-day trading on Wednesday . The stock traded as low as $23.15 and last traded at $23.24. 20,257,908 shares were traded during trading, a decline of 77% from the average session volume of 86,246,933 shares. The stock had previously closed at $23.59.
Wall Street Analyst Weigh In
Several brokerages have issued reports on INTC. Deutsche Bank Aktiengesellschaft began coverage on Intel in a research report on Wednesday, May 21st. They set a "hold" rating and a $23.00 target price for the company. Susquehanna decreased their price target on shares of Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Wall Street Zen raised shares of Intel from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Wedbush decreased their price target on shares of Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. Finally, Cantor Fitzgerald decreased their price target on shares of Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. Five investment analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $21.76.
Read Our Latest Stock Analysis on INTC
Intel Stock Performance
The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.31. The firm has a market cap of $102.25 billion, a PE ratio of -5.23 and a beta of 1.15. The firm's 50 day moving average price is $21.13 and its two-hundred day moving average price is $21.25.
Intel (NASDAQ:INTC - Get Free Report) last posted 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. Intel had a negative net margin of 36.19% and a negative return on equity of 3.15%. The firm had revenue of $12.67 billion during the quarter, compared to analysts' expectations of $12.26 billion. During the same quarter last year, the company posted $0.18 EPS. The firm's quarterly revenue was down .4% on a year-over-year basis. On average, research analysts forecast that Intel Corporation will post -0.11 earnings per share for the current year.
Institutional Trading of Intel
Several institutional investors and hedge funds have recently modified their holdings of the business. Freestone Grove Partners LP purchased a new position in shares of Intel during the fourth quarter valued at approximately $62,654,000. Toronto Dominion Bank lifted its stake in shares of Intel by 286.8% during the fourth quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock valued at $211,114,000 after buying an additional 7,806,882 shares during the period. 180 Wealth Advisors LLC lifted its stake in shares of Intel by 124.9% during the first quarter. 180 Wealth Advisors LLC now owns 127,916 shares of the chip maker's stock valued at $2,905,000 after buying an additional 71,049 shares during the period. Alteri Wealth LLC purchased a new position in shares of Intel during the fourth quarter valued at approximately $2,379,000. Finally, Gordian Capital Singapore Pte Ltd lifted its stake in shares of Intel by 120.7% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 64,000 shares of the chip maker's stock valued at $1,282,000 after buying an additional 35,000 shares during the period. Hedge funds and other institutional investors own 64.53% of the company's stock.
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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