Intel Co. (NASDAQ:INTC - Get Free Report)'s share price traded down 3% on Thursday . The stock traded as low as $24.48 and last traded at $24.95. 56,564,332 shares were traded during trading, a decline of 40% from the average session volume of 94,708,125 shares. The stock had previously closed at $25.72.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on INTC. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a report on Friday, January 31st. 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. Truist Financial lowered their target price on shares of Intel from $22.00 to $21.00 and set a "hold" rating for the company in a report on Friday, January 31st. Northland Securities lowered their target price on shares of Intel from $42.00 to $28.00 and set an "outperform" rating for the company in a report on Friday, November 1st. Finally, Wells Fargo & Company lowered their target price on shares of Intel from $28.00 to $25.00 and set an "equal weight" rating for the company in a report on Friday, January 31st. Five investment analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $26.88.
View Our Latest Analysis on Intel
Intel Stock Performance
The business's 50-day simple moving average is $20.75 and its 200 day simple moving average is $21.62. 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 cap of $107.67 billion, a P/E ratio of -5.68 and a beta of 1.08.
Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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, equities analysts predict that Intel Co. will post -0.11 earnings per share for the current year.
Institutional Investors Weigh In On Intel
A number of hedge funds have recently modified their holdings of INTC. Cornerstone Advisory LLC boosted its holdings in Intel by 4.3% in the 4th quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker's stock worth $198,000 after buying an additional 409 shares during the period. Evergreen Capital Management LLC boosted its holdings in Intel by 1.0% in the 4th quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker's stock worth $840,000 after buying an additional 419 shares during the period. Dunhill Financial LLC boosted its holdings in Intel by 22.6% in the 3rd quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker's stock worth $56,000 after buying an additional 438 shares during the period. Federated Hermes Inc. boosted its holdings in Intel by 0.3% in the 4th quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker's stock worth $3,263,000 after buying an additional 456 shares during the period. Finally, Beaton Management Co. Inc. boosted its holdings in Intel by 2.2% in the 3rd quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker's stock worth $544,000 after buying an additional 500 shares during the period. 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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