Intel (NASDAQ:INTC) Trading Up 0.9% - What's Next?

Intel Co. (NASDAQ:INTC - Get Free Report) shares rose 0.9% on Tuesday . The stock traded as high as $20.39 and last traded at $19.74. Approximately 39,317,851 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 101,549,992 shares. The stock had previously closed at $19.57.

Analyst Upgrades and Downgrades

INTC has been the topic of several research analyst reports. Rosenblatt Securities reaffirmed a "sell" rating and set a $20.00 price target on shares of Intel in a research report on Thursday, January 30th. Benchmark reiterated a "hold" rating on shares of Intel in a research report on Friday, January 31st. Wells Fargo & Company dropped their price target on Intel from $28.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Friday, January 31st. Hsbc Global Res raised shares of Intel from a "moderate sell" rating to a "hold" rating in a report on Tuesday, January 21st. Finally, Bank of America raised shares of Intel from an "underperform" rating to a "neutral" rating and increased their target price for the stock from $19.00 to $25.00 in a report on Thursday, March 13th. Four research 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. According to MarketBeat.com, Intel has an average rating of "Hold" and a consensus price target of $25.58.

Intel Stock Down 0.7 %

The business's 50 day simple moving average is $22.37 and its 200 day simple moving average is $22.09. The company has a market capitalization of $86.08 billion, a PE ratio of -4.51 and a beta of 1.13. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC - Get Free Report) last released its earnings results 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 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

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Intel by 1.7% in the fourth 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 period. Geode Capital Management LLC boosted its holdings in Intel by 3.2% in 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 acquiring an additional 2,978,346 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Intel by 8.2% during 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 purchasing an additional 4,793,927 shares during the last quarter. Norges Bank bought a new stake in shares of Intel during the fourth quarter worth approximately $1,246,569,000. Finally, Northern Trust Corp boosted its stake in Intel by 15.5% in the fourth quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock valued at $918,522,000 after acquiring an additional 6,157,853 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

About Intel

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.