Intel Co. (NASDAQ:INTC - Get Free Report)'s share price dropped 7.9% during trading on Friday . The company traded as low as $20.02 and last traded at $20.66. 63,218,261 shares were traded during mid-day trading, a decline of 16% from the average session volume of 75,468,788 shares. The stock had previously closed at $22.43.
Wall Street Analysts Forecast Growth
INTC has been the subject of a number of recent analyst reports. Barclays decreased their price target on Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a report on Friday, January 17th. Needham & Company LLC reissued a "hold" rating on shares of Intel in a research note on Friday, January 31st. Mizuho cut their price target on shares of Intel from $23.00 to $21.00 and set a "neutral" rating on the stock in a report on Friday, January 10th. Truist Financial reduced their price objective on Intel from $22.00 to $21.00 and set a "hold" rating for the company in a research note on Friday, January 31st. Finally, Hsbc Global Res raised Intel from a "moderate sell" rating to a "hold" rating in a report on Tuesday, January 21st. Four investment analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Intel presently has an average rating of "Hold" and a consensus price target of $25.58.
Read Our Latest Stock Analysis on Intel
Intel Stock Down 11.5 %
The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The company has a fifty day simple moving average of $22.36 and a 200-day simple moving average of $22.20. The firm has a market cap of $86.56 billion, a P/E ratio of -4.53 and a beta of 1.13.
Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly 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%. On average, equities analysts anticipate that Intel Co. will post -0.11 earnings per share for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. Finley Financial LLC bought a new position in Intel in the 4th quarter valued at $25,000. Synergy Investment Management LLC purchased a new stake in Intel in the 4th quarter valued at about $27,000. Vermillion Wealth Management Inc. bought a new position in Intel in the 4th quarter worth about $27,000. BankPlus Trust Department purchased a new position in shares of Intel during the fourth quarter valued at $28,000. Finally, Keystone Financial Group Inc. purchased a new position in shares of Intel during the fourth quarter valued at $29,000. Institutional investors own 64.53% of the company's stock.
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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