Intel Corporation (NASDAQ:INTC - Get Free Report) shares fell 2.7% during trading on Thursday . The stock traded as low as $22.81 and last traded at $22.85. 38,990,539 shares were traded during trading, a decline of 58% from the average session volume of 92,201,266 shares. The stock had previously closed at $23.49.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on INTC. Rosenblatt Securities reiterated a "sell" rating and set a $14.00 price target on shares of Intel in a research report on Friday. Barclays reiterated a "reduce" rating on shares of Intel in a research report on Tuesday, April 22nd. Cfra Research upgraded Intel to a "hold" rating in a report on Friday, April 25th. Wells Fargo & Company dropped their target price on Intel from $25.00 to $22.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. Finally, Loop Capital began coverage on Intel in a report on Monday. They issued a "hold" rating and a $25.00 target price for the company. Five research 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 MarketBeat, the stock has an average rating of "Hold" and an average target price of $22.25.
Check Out Our Latest Research Report on Intel
Intel Stock Down 9.0%
The company has a current ratio of 1.31, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $89.84 billion, a PE ratio of -4.58 and a beta of 1.15. The business has a fifty day moving average of $21.66 and a 200 day moving average of $21.49.
Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.11). Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. The business had revenue of $12.86 billion for the quarter, compared to analyst estimates of $11.88 billion. During the same period last year, the business posted $0.02 EPS. Intel's revenue was up .5% on a year-over-year basis. Equities research analysts anticipate that Intel Corporation will post -0.11 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Freestone Grove Partners LP acquired a new position in Intel during the fourth quarter worth approximately $62,654,000. Toronto Dominion Bank grew its stake in shares of Intel by 286.8% in the 4th quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock valued at $211,114,000 after purchasing an additional 7,806,882 shares during the last quarter. 180 Wealth Advisors LLC grew its stake in shares of Intel by 124.9% in the 1st quarter. 180 Wealth Advisors LLC now owns 127,916 shares of the chip maker's stock valued at $2,905,000 after purchasing an additional 71,049 shares during the last quarter. Alteri Wealth LLC purchased a new position in shares of Intel in the 4th quarter valued at approximately $2,379,000. Finally, Gordian Capital Singapore Pte Ltd boosted its stake in shares of Intel by 120.7% in 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 in the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.
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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