Intel (NASDAQ:INTC) Shares Up 0.9% - What's Next?

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Wells Fargo & Company lowered their price objective on Intel from $28.00 to $25.00 and set an "equal weight" rating for the company in a research note on Friday. Northland Securities dropped their price objective on Intel from $42.00 to $28.00 and set an "outperform" rating on the stock in a research note on Friday, November 1st. Barclays reduced their target price on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research note on Friday, January 17th. Benchmark restated a "hold" rating on shares of Intel in a report on Friday. Finally, The Goldman Sachs Group decreased their price objective on shares of Intel from $22.00 to $21.00 and set a "sell" rating for the company in a research note on Thursday, October 17th. Five analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, Intel presently has a consensus rating of "Hold" and a consensus target price of $26.60.

Intel Stock Down 0.5 %

The company has a market cap of $83.20 billion, a PE ratio of -4.40, a P/E/G ratio of 9.49 and a beta of 1.08. The stock has a 50-day moving average of $20.67 and a 200-day moving average of $22.23. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings results 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 net margin of 35.32% and a negative return on equity of 3.27%. Sell-side analysts predict that Intel Co. will post 0.19 earnings per share for the current fiscal year.

Insider Buying and Selling at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the sale, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.04% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Intel

A number of large investors have recently modified their holdings of the company. Quest Partners LLC grew its position in Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock valued at $30,000 after acquiring an additional 1,253 shares during the last quarter. Finley Financial LLC bought a new position in shares of Intel during the 4th quarter valued at $25,000. BankPlus Trust Department bought a new position in shares of Intel during the 4th quarter valued at $28,000. Keystone Financial Group Inc. purchased a new position in Intel in the 4th quarter worth $29,000. Finally, FSA Wealth Management LLC bought a new stake in Intel in the third quarter worth $34,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

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.