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

Intel Co. (NASDAQ:INTC - Get Free Report) traded up 0.9% on Monday . The company traded as high as $19.73 and last traded at $19.60. 33,002,866 shares were traded during mid-day trading, a decline of 54% from the average session volume of 71,441,328 shares. The stock had previously closed at $19.43.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. HSBC raised shares of Intel from a "reduce" rating to a "hold" rating in a research report on Tuesday, January 21st. Wells Fargo & Company dropped their target price on Intel from $28.00 to $25.00 and set an "equal weight" rating on the stock in a report on Friday, January 31st. Needham & Company LLC reissued a "hold" rating on shares of Intel in a research report on Friday, January 31st. Benchmark reaffirmed a "hold" rating on shares of Intel in a research report on Friday, January 31st. Finally, Truist Financial cut their price objective on Intel from $22.00 to $21.00 and set a "hold" rating for the company in a report on Friday, January 31st. Five analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $26.60.

Intel Stock Performance

The company has a market capitalization of $83.59 billion, a price-to-earnings ratio of -4.42, a PEG ratio of 9.49 and a beta of 1.08. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The company's 50-day moving average price is $20.50 and its two-hundred day moving average price is $22.12.

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Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings data 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 return on equity of 3.27% and a negative net margin of 35.32%. On average, equities research analysts anticipate that Intel Co. will post 0.19 EPS for the current fiscal year.

Institutional Trading of Intel

Several hedge funds have recently bought and sold shares of INTC. Czech National Bank raised its stake in shares of Intel by 7.2% in the third quarter. Czech National Bank now owns 869,233 shares of the chip maker's stock worth $20,392,000 after purchasing an additional 58,021 shares during the last quarter. Azzad Asset Management Inc. ADV raised its position in Intel by 2.9% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 35,489 shares of the chip maker's stock valued at $833,000 after buying an additional 998 shares during the last quarter. Brookstone Capital Management lifted its stake in Intel by 18.9% during the 3rd quarter. Brookstone Capital Management now owns 52,075 shares of the chip maker's stock valued at $1,222,000 after acquiring an additional 8,282 shares in the last quarter. Udine Wealth Management Inc. purchased a new position in Intel during the 3rd quarter worth $2,174,000. Finally, Sovereign Financial Group Inc. raised its holdings in shares of Intel by 19.3% in the third quarter. Sovereign Financial Group Inc. now owns 14,196 shares of the chip maker's stock valued at $333,000 after purchasing an additional 2,300 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Company Profile

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.