Intel Co. (NASDAQ:INTC - Get Free Report)'s stock price traded up 0.6% during trading on Monday . The stock traded as high as $24.99 and last traded at $24.42. 21,080,020 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 71,906,348 shares. The stock had previously closed at $24.26.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on INTC. Rosenblatt Securities restated a "sell" rating and set a $20.00 price objective on shares of Intel in a report on Thursday, January 30th. Barclays lowered their price target on Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Friday, January 17th. UBS Group lowered their price objective on shares of Intel from $26.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, January 21st. Citigroup decreased their price objective on shares of Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 21st. Finally, HSBC upgraded Intel from a "reduce" 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 issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $27.04.
View Our Latest Research Report on Intel
Intel Price Performance
The company's 50 day moving average is $22.22 and its 200-day moving average is $22.09. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The stock has a market cap of $101.06 billion, a PE ratio of -5.33 and a beta of 1.02.
Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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 predict that Intel Co. will post -0.11 earnings per share for the current year.
Institutional Investors Weigh In On Intel
Several institutional investors and hedge funds have recently modified their holdings of the business. Prostatis Group LLC grew its stake in shares of Intel by 78.8% in the 4th quarter. Prostatis Group LLC now owns 44,426 shares of the chip maker's stock valued at $891,000 after purchasing an additional 19,573 shares during the period. 111 Capital acquired a new position in shares of Intel in the fourth quarter valued at approximately $855,000. PKO Investment Management Joint Stock Co acquired a new stake in Intel in the 4th quarter valued at approximately $1,865,000. QSM Asset Management Ltd acquired a new stake in Intel in the 4th quarter valued at $7,011,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Intel during the fourth quarter worth $70,850,000. Institutional investors and hedge funds 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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