Intel (NASDAQ:INTC) Shares Up 3.3% - Here's Why

Intel Corporation (NASDAQ:INTC - Get Free Report)'s stock price traded up 3.3% during trading on Thursday . The stock traded as high as $21.60 and last traded at $21.49. 94,046,448 shares changed hands during trading, an increase of 12% from the average session volume of 84,103,678 shares. The stock had previously closed at $20.80.

Analyst Ratings Changes

A number of analysts have recently commented on INTC shares. JPMorgan Chase & Co. cut their target price on Intel from $23.00 to $20.00 and set an "underweight" rating on the stock in a research report on Friday, April 25th. Mizuho cut their target price on shares of Intel from $23.00 to $22.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Susquehanna reduced their target price on shares of Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Morgan Stanley decreased their target price on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research note on Friday, April 25th. Finally, Bank of America raised Intel from an "underperform" rating to a "neutral" rating and upped their price objective for the company from $19.00 to $25.00 in a research note on Thursday, March 13th. Six research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $21.57.

Intel Trading Down 1.2%

The business's 50-day moving average price is $20.50 and its two-hundred day moving average price is $21.08. The firm has a market cap of $92.60 billion, a price-to-earnings ratio of -4.74 and a beta of 1.12. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.93.

Intel (NASDAQ:INTC - Get Free Report) last released its earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, beating the consensus estimate of $0.01 by $0.12. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. The firm had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. During the same period in the prior year, the firm posted $0.18 earnings per share. The business's quarterly revenue was down .4% compared to the same quarter last year. Equities analysts expect that Intel Corporation will post -0.11 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of INTC. Cornerstone Advisory LLC increased its holdings in Intel by 4.3% in the 4th quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker's stock valued at $198,000 after purchasing 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 worth $840,000 after acquiring an additional 419 shares during the period. Federated Hermes Inc. grew its position in Intel by 0.3% in the fourth quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker's stock valued at $3,263,000 after acquiring an additional 456 shares in the last quarter. Verdence Capital Advisors LLC raised its stake in shares of Intel by 1.1% during 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 lifted its position in shares of Intel by 23.1% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 2,614 shares of the chip maker's stock worth $59,000 after purchasing an additional 491 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock.

About Intel

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.