Intel Co. (NASDAQ:INTC - Get Free Report) shares traded down 3.2% on Wednesday . The company traded as low as $23.36 and last traded at $23.44. 20,339,076 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 71,871,972 shares. The stock had previously closed at $24.20.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on INTC shares. Hsbc Global Res raised shares of Intel from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, January 21st. Mizuho decreased their price target on Intel from $23.00 to $21.00 and set a "neutral" rating for the company in a report on Friday, January 10th. Benchmark reiterated a "hold" rating on shares of Intel in a report on Friday, January 31st. Rosenblatt Securities restated a "sell" rating and set a $20.00 target price on shares of Intel in a research note on Thursday, January 30th. Finally, UBS Group dropped their price target on shares of Intel from $26.00 to $23.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 21st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $27.04.
Get Our Latest Stock Report on INTC
Intel Stock Performance
The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The stock has a fifty day moving average price of $22.33 and a 200-day moving average price of $22.16. The firm has a market cap of $97.36 billion, a price-to-earnings ratio of -5.11 and a beta of 1.02.
Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) 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%. On average, analysts expect that Intel Co. will post -0.11 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Intel
A number of hedge funds have recently added to or reduced their stakes in INTC. Cornerstone Advisory LLC raised its stake in shares of Intel by 4.3% during 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 in the last quarter. Evergreen Capital Management LLC raised its position in Intel by 1.0% in the fourth quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker's stock worth $840,000 after acquiring an additional 419 shares in the last quarter. Dunhill Financial LLC lifted its holdings in Intel by 22.6% in the third quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker's stock valued at $56,000 after acquiring an additional 438 shares during the period. Federated Hermes Inc. boosted its position in shares of Intel by 0.3% during the 4th quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker's stock worth $3,263,000 after purchasing an additional 456 shares in the last quarter. Finally, CFM Wealth Partners LLC grew its stake in shares of Intel by 4.0% during the 4th quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker's stock worth $263,000 after purchasing an additional 500 shares during the period. 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.
Further Reading
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