Intel Co. (NASDAQ:INTC - Get Free Report) shares rose 0.5% on Friday . The stock traded as high as $24.19 and last traded at $24.08. Approximately 24,898,619 shares changed hands during trading, a decline of 65% from the average daily volume of 71,588,496 shares. The stock had previously closed at $23.96.
Analyst Ratings Changes
Several brokerages have commented on INTC. UBS Group decreased their price target on shares of Intel from $26.00 to $23.00 and set a "neutral" rating for the company in a research report on Tuesday, January 21st. Bank of America raised Intel from an "underperform" rating to a "neutral" rating and boosted their target price for the stock from $19.00 to $25.00 in a research note on Thursday, March 13th. Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a research report on Friday, January 31st. Mizuho lowered their price objective on Intel from $23.00 to $21.00 and set a "neutral" rating for the company in a research report on Friday, January 10th. Finally, Hsbc Global Res upgraded shares of Intel from a "moderate sell" rating to a "hold" rating in a research note 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 given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $27.04.
Read Our Latest Stock Analysis on INTC
Intel Stock Down 0.5 %
The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The firm has a market capitalization of $104.56 billion, a price-to-earnings ratio of -5.52 and a beta of 1.02. The firm has a fifty day moving average price of $21.95 and a 200 day moving average price of $22.01.
Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. As a group, sell-side analysts expect that Intel Co. will post -0.11 EPS for the current fiscal year.
Institutional Investors Weigh In On Intel
Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Intel by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker's stock worth $7,400,439,000 after purchasing an additional 6,143,164 shares during the last quarter. State Street Corp raised its stake in shares of Intel by 2.8% during the 3rd quarter. State Street Corp now owns 197,958,739 shares of the chip maker's stock worth $4,644,112,000 after buying an additional 5,417,753 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Intel by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker's stock worth $1,909,761,000 after buying an additional 2,978,346 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Intel by 8.2% in the 4th 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 worth $1,268,430,000 after buying an additional 4,793,927 shares in the last quarter. Finally, Norges Bank acquired a new stake in Intel in the 4th quarter valued at about $1,246,569,000. Hedge funds and other 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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