Intel Co. (NASDAQ:INTC - Get Free Report) shot up 0.2% during mid-day trading on Friday . The company traded as high as $21.69 and last traded at $21.60. 16,953,316 shares were traded during trading, a decline of 79% from the average session volume of 80,227,588 shares. The stock had previously closed at $21.55.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on INTC. HSBC raised shares of Intel from a "reduce" rating to a "hold" rating in a research report on Tuesday, January 21st. Wells Fargo & Company reduced their price target on shares of Intel from $25.00 to $22.00 and set an "equal weight" rating for the company 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 research note on Friday, January 31st. JPMorgan Chase & Co. reduced their price target on shares of Intel from $23.00 to $20.00 and set an "underweight" rating for the company in a research note on Friday, April 25th. Finally, Cfra Research upgraded shares of Intel to a "hold" rating in a research note on Friday, April 25th. Six equities research analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, Intel presently has an average rating of "Hold" and an average target price of $21.67.
View Our Latest Stock Analysis on Intel
Intel Stock Performance
The firm has a 50 day moving average of $21.36 and a 200-day moving average of $21.69. The stock has a market capitalization of $94.37 billion, a PE ratio of -4.94 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.
Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.12. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The business had revenue of $12.67 billion for the quarter, compared to the consensus estimate of $12.26 billion. During the same period last year, the business earned $0.18 EPS. The firm's revenue was down .4% compared to the same quarter last year. Research analysts forecast that Intel Co. will post -0.11 earnings per share for the current year.
Institutional Trading of Intel
Several institutional investors have recently modified their holdings of INTC. Norges Bank acquired a new stake in Intel in the 4th quarter valued at $1,246,569,000. Nuveen LLC acquired a new stake in Intel in the 1st quarter valued at $538,430,000. Price T Rowe Associates Inc. MD boosted its stake in Intel by 99.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,829,385 shares of the chip maker's stock valued at $677,426,000 after buying an additional 14,901,457 shares in the last quarter. Two Sigma Advisers LP acquired a new position in Intel in the fourth quarter worth $289,752,000. Finally, Two Sigma Investments LP acquired a new position in Intel in the fourth quarter worth $237,457,000. 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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