Intel (NASDAQ:INTC) Shares Gap Down - What's Next?

Intel Co. (NASDAQ:INTC - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $19.88, but opened at $19.25. Intel shares last traded at $18.92, with a volume of 37,296,479 shares.

Wall Street Analyst Weigh In

Several research analysts recently commented on INTC shares. Bank of America upgraded Intel from an "underperform" rating to a "neutral" rating and lifted their price target for the stock from $19.00 to $25.00 in a research report on Thursday, March 13th. Citigroup cut their target price on Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 21st. Needham & Company LLC restated a "hold" rating on shares of Intel in a report on Friday, January 31st. Rosenblatt Securities reiterated a "sell" rating and set a $20.00 price objective on shares of Intel in a research report on Thursday, January 30th. Finally, Barclays lowered their target price on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a report on Friday, January 17th. Four research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $25.58.

Intel Price Performance

The firm has a 50-day simple moving average of $22.37 and a 200-day simple moving average of $22.09. The firm has a market cap of $86.08 billion, a P/E ratio of -4.51 and a beta of 1.13. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

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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 the consensus estimate of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. As a group, analysts forecast that Intel Co. will post -0.11 EPS for the current year.

Hedge Funds Weigh In On Intel

Large investors have recently made changes to their positions in the business. Finley Financial LLC purchased a new stake in Intel in the fourth quarter valued at about $25,000. Vermillion Wealth Management Inc. acquired a new position in shares of Intel during the fourth quarter valued at about $27,000. Synergy Investment Management LLC purchased a new position in shares of Intel in the 4th quarter valued at approximately $27,000. BankPlus Trust Department acquired a new stake in Intel in the 4th quarter worth approximately $28,000. Finally, Keystone Financial Group Inc. purchased a new stake in Intel during the 4th quarter worth approximately $29,000. 64.53% of the stock is owned by institutional investors and hedge funds.

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.