Intel Co. (NASDAQ:INTC - Get Free Report)'s share price was down 1.7% during mid-day trading on Monday . The stock traded as low as $18.56 and last traded at $19.51. Approximately 51,915,965 shares were traded during mid-day trading, a decline of 32% from the average daily volume of 75,927,601 shares. The stock had previously closed at $19.85.
Analyst Ratings Changes
Several equities research analysts recently commented on INTC shares. Mizuho dropped their target price on Intel from $23.00 to $21.00 and set a "neutral" rating on the stock in a report on Friday, January 10th. Wells Fargo & Company dropped their price objective on Intel from $28.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Friday, January 31st. Stifel Nicolaus decreased their target price on Intel from $25.00 to $21.00 and set a "hold" rating for the company in a research note on Friday, January 31st. Rosenblatt Securities reiterated a "sell" rating and issued a $20.00 target price on shares of Intel in a report on Thursday, January 30th. Finally, HSBC upgraded shares of Intel from a "reduce" rating to a "hold" rating in a report on Tuesday, January 21st. Four analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $25.58.
View Our Latest Research Report on INTC
Intel Price Performance
The company has a market capitalization of $83.91 billion, a PE ratio of -4.35 and a beta of 1.13. The stock has a 50 day moving average price of $22.36 and a two-hundred day moving average price of $22.12. 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 posted its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. Equities analysts forecast that Intel Co. will post -0.11 earnings per share for the current year.
Hedge Funds Weigh In On Intel
Several institutional investors have recently bought and sold shares of INTC. Vanguard Group Inc. increased its holdings in shares of Intel by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker's stock valued at $7,400,439,000 after acquiring an additional 6,143,164 shares during the last quarter. Geode Capital Management LLC grew its holdings in Intel by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker's stock valued at $1,909,761,000 after purchasing an additional 2,978,346 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Intel by 8.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,263,339 shares of the chip maker's stock valued at $1,268,430,000 after purchasing an additional 4,793,927 shares during the period. Norges Bank acquired a new stake in shares of Intel in the fourth quarter worth $1,246,569,000. Finally, Northern Trust Corp boosted its holdings in shares of Intel by 15.5% during the 4th quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock worth $918,522,000 after buying an additional 6,157,853 shares during the period. 64.53% of the stock is currently owned by institutional investors.
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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