Intel Co. (NASDAQ:INTC - Get Free Report) fell 1.6% on Tuesday . The stock traded as low as $21.81 and last traded at $22.34. 21,676,825 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 74,413,067 shares. The stock had previously closed at $22.71.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the company. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a research note on Friday, January 31st. Cantor Fitzgerald boosted their target price on shares of Intel from $22.00 to $29.00 and gave the company a "neutral" rating in a research note on Tuesday, February 18th. Benchmark restated a "hold" rating on shares of Intel in a research note on Friday, January 31st. Roth Mkm reduced their price objective on Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Finally, Bank of America upgraded Intel from an "underperform" rating to a "neutral" rating and raised their target price for the company from $19.00 to $25.00 in a research report on Thursday, March 13th. Four investment analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $27.04.
Check Out Our Latest Research Report on Intel
Intel Stock Up 2.0 %
The business's 50 day moving average is $22.36 and its 200 day moving average is $22.20. 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 stock has a market cap of $97.81 billion, a price-to-earnings ratio of -5.12 and a beta of 1.13.
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%. Equities analysts expect that Intel Co. will post -0.11 earnings per share for the current year.
Institutional Trading of Intel
Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Intel by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker's stock valued at $7,400,439,000 after buying an additional 6,143,164 shares during the period. State Street Corp increased its stake in shares of Intel by 2.8% in the third quarter. State Street Corp now owns 197,958,739 shares of the chip maker's stock worth $4,644,112,000 after acquiring an additional 5,417,753 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Intel by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker's stock worth $1,909,761,000 after acquiring 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 Intel by 8.2% during the fourth 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 valued at $1,268,430,000 after purchasing an additional 4,793,927 shares during the last quarter. Finally, Norges Bank purchased a new position in Intel in the fourth quarter valued at about $1,246,569,000. 64.53% of the stock is owned by hedge funds and other institutional investors.
Intel Company Profile
(
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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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