Traders Purchase Large Volume of Intel Call Options (NASDAQ:INTC)

Intel Co. (NASDAQ:INTC - Get Free Report) was the target of unusually large options trading on Tuesday. Stock traders acquired 657,795 call options on the company. This represents an increase of approximately 38% compared to the typical daily volume of 476,811 call options.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in INTC. Strategic Financial Concepts LLC acquired a new stake in Intel in the fourth quarter valued at approximately $782,000. Golden State Wealth Management LLC acquired a new stake in shares of Intel in the 4th quarter valued at $73,000. Vest Financial LLC raised its holdings in shares of Intel by 34.0% in the 4th quarter. Vest Financial LLC now owns 23,439 shares of the chip maker's stock valued at $470,000 after purchasing an additional 5,949 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Intel by 14.1% during the fourth quarter. Empowered Funds LLC now owns 518,962 shares of the chip maker's stock worth $10,405,000 after purchasing an additional 64,174 shares in the last quarter. Finally, Kestra Private Wealth Services LLC grew its stake in shares of Intel by 9.4% during the fourth quarter. Kestra Private Wealth Services LLC now owns 154,098 shares of the chip maker's stock worth $3,090,000 after purchasing an additional 13,192 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Trading Down 6.3%

Shares of Intel stock traded down $1.40 during mid-day trading on Wednesday, hitting $20.68. The stock had a trading volume of 146,378,505 shares, compared to its average volume of 82,865,768. The firm has a 50-day moving average of $20.35 and a two-hundred day moving average of $21.22. The firm has a market cap of $90.21 billion, a P/E ratio of -4.72 and a beta of 1.12. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. Intel has a 12-month low of $17.67 and a 12-month high of $37.16.

Intel (NASDAQ:INTC - Get Free Report) last announced its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.12. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The company had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. During the same quarter last year, the firm posted $0.18 earnings per share. Intel's revenue was down .4% compared to the same quarter last year. Sell-side analysts forecast that Intel will post -0.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on INTC. Barclays reaffirmed a "reduce" rating on shares of Intel in a research report on Tuesday, April 22nd. Susquehanna dropped their target price on shares of Intel from $24.00 to $22.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Benchmark restated a "hold" rating on shares of Intel in a report on Friday, April 25th. Citigroup reissued a "sell" rating on shares of Intel in a research note on Friday, April 25th. Finally, Rosenblatt Securities lowered their target price on shares of Intel from $18.00 to $14.00 and set a "sell" rating for the company in a research note on Friday, April 25th. Six investment 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 stock. According to MarketBeat.com, Intel currently has an average rating of "Hold" and an average price target of $21.57.

Intel Company Profile

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.