Intel (NASDAQ:INTC) Trading Up 0.5% - Here's What Happened

Shares of Intel Co. (NASDAQ:INTC - Get Free Report) were up 0.5% during trading on Friday . The company traded as high as $24.19 and last traded at $24.08. Approximately 24,898,619 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 71,588,496 shares. The stock had previously closed at $23.96.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on INTC shares. Cantor Fitzgerald upped their price target on shares of Intel from $22.00 to $29.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 18th. Barclays lowered their target price on Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research note on Friday, January 17th. Truist Financial reduced their price target on Intel from $22.00 to $21.00 and set a "hold" rating on the stock in a research report on Friday, January 31st. Wells Fargo & Company lowered their price objective on shares of Intel from $28.00 to $25.00 and set an "equal weight" rating for the company in a research report on Friday, January 31st. Finally, Needham & Company LLC reissued a "hold" rating on shares of Intel in a research report on Friday, January 31st. Four 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $27.04.

Intel Stock Down 0.1 %

The stock's fifty day simple moving average is $22.15 and its two-hundred day simple moving average is $22.08. The company has a market capitalization of $104.79 billion, a price-to-earnings ratio of -5.53 and a beta of 1.02. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33.

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Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results 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 return on equity of 3.27% and a negative net margin of 35.32%. On average, sell-side analysts anticipate that Intel Co. will post -0.11 EPS for the current year.

Institutional Investors Weigh In On Intel

Large investors have recently made changes to their positions in the company. Finley Financial LLC purchased a new position in Intel during the 4th quarter worth approximately $25,000. Synergy Investment Management LLC acquired a new stake in shares of Intel in the fourth quarter worth $27,000. Vermillion Wealth Management Inc. purchased a new position in shares of Intel during the fourth quarter valued at $27,000. BankPlus Trust Department acquired a new position in Intel during the fourth quarter valued at $28,000. Finally, Keystone Financial Group Inc. purchased a new stake in Intel in the 4th quarter worth about $29,000. Institutional investors and hedge funds own 64.53% of the company's stock.

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.