Intel Co. (NASDAQ:INTC - Get Free Report) shares traded down 0.7% during trading on Tuesday . The stock traded as low as $19.03 and last traded at $19.06. 12,876,700 shares changed hands during trading, a decline of 76% from the average session volume of 52,631,926 shares. The stock had previously closed at $19.20.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on the company. The Goldman Sachs Group dropped their target price on Intel from $22.00 to $21.00 and set a "sell" rating on the stock in a research note on Thursday, October 17th. Mizuho cut their price objective on shares of Intel from $23.00 to $21.00 and set a "neutral" rating on the stock in a report on Friday. Northland Securities lowered their target price on shares of Intel from $42.00 to $28.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. Needham & Company LLC restated a "hold" rating on shares of Intel in a research note on Friday, November 1st. Finally, Bank of America reiterated an "underperform" rating and set a $21.00 price objective on shares of Intel in a research note on Tuesday, December 3rd. Six investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $29.96.
Check Out Our Latest Analysis on Intel
Intel Price Performance
The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. The business has a fifty day moving average of $21.97 and a two-hundred day moving average of $23.58. The company has a market cap of $82.81 billion, a price-to-earnings ratio of -5.16 and a beta of 1.07.
Intel (NASDAQ:INTC - Get Free Report) last announced its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.44). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The business had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. During the same period in the previous year, the company earned $0.28 earnings per share. The company's quarterly revenue was down 6.3% compared to the same quarter last year. As a group, equities analysts anticipate that Intel Co. will post -0.87 EPS for the current fiscal year.
Insider Activity
In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the transaction, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.04% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the company. Cyrus J. Lawrence LLC acquired a new position in shares of Intel during the 2nd quarter worth approximately $27,000. Quest Partners LLC lifted its position in Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock worth $30,000 after buying an additional 1,253 shares in the last quarter. West Financial Advisors LLC acquired a new position in Intel during the fourth quarter worth $31,000. Groupama Asset Managment grew its holdings in Intel by 6.3% in the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker's stock valued at $32,000 after buying an additional 8,084 shares in the last quarter. Finally, Sawyer & Company Inc purchased a new stake in Intel in the 4th quarter valued at $32,000. 64.53% of the stock is owned by institutional investors and hedge funds.
About Intel
(
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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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