Intel Corporation (NASDAQ:INTC - Get Free Report) was the target of some unusual options trading activity on Monday. Stock traders acquired 444,644 call options on the stock. Thisrepresentsanincreaseofapproximately23% compared to the average volume of 361,893 call options.
Intel Price Performance
Shares of NASDAQ INTC traded up $1.10 during midday trading on Monday, reaching $21.05. The company's stock had a trading volume of 96,656,451 shares, compared to its average volume of 93,478,305. The business's 50 day moving average price is $21.56 and its two-hundred day moving average price is $21.48. Intel has a fifty-two week low of $17.67 and a fifty-two week high of $27.55. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.24. The company has a market cap of $92.12 billion, a P/E ratio of -4.43 and a beta of 1.22.
Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.11). The business had revenue of $12.86 billion for the quarter, compared to the consensus estimate of $11.88 billion. Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. Intel's revenue was up .5% on a year-over-year basis. During the same period in the previous year, the business posted $0.02 EPS. On average, analysts forecast that Intel will post -0.11 EPS for the current fiscal year.
Institutional Investors Weigh In On Intel
A number of institutional investors have recently made changes to their positions in the business. Cornerstone Advisory LLC grew its position in Intel by 4.3% in the fourth quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker's stock worth $198,000 after acquiring an additional 409 shares in the last quarter. Evergreen Capital Management LLC grew its position in Intel by 1.0% in the fourth 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 in the last quarter. 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 worth $3,263,000 after acquiring an additional 456 shares in the last quarter. Verdence Capital Advisors LLC lifted its stake in Intel by 1.1% in the first quarter. Verdence Capital Advisors LLC now owns 45,682 shares of the chip maker's stock worth $1,037,000 after purchasing an additional 486 shares during the last quarter. Finally, Independent Wealth Network Inc. lifted its stake in Intel by 5.2% in the second quarter. Independent Wealth Network Inc. now owns 9,927 shares of the chip maker's stock worth $222,000 after purchasing an additional 490 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have recently commented on INTC shares. Rosenblatt Securities reaffirmed a "sell" rating and set a $14.00 price target on shares of Intel in a research report on Friday, July 25th. UBS Group upped their price target on shares of Intel from $21.00 to $25.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. JPMorgan Chase & Co. upped their price target on shares of Intel from $20.00 to $21.00 and gave the company an "underweight" rating in a research report on Friday, July 25th. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a research note on Friday, July 25th. Finally, Citigroup reiterated a "hold" rating on shares of Intel in a research note on Tuesday, July 8th. Six analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $22.17.
View Our Latest Research Report on INTC
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.
Further Reading
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