Intel (NASDAQ:INTC) Trading Up 10.1% Following Analyst Upgrade

Intel Co. (NASDAQ:INTC - Get Free Report)'s share price rose 10.1% during trading on Tuesday after Cantor Fitzgerald raised their price target on the stock from $22.00 to $29.00. Cantor Fitzgerald currently has a neutral rating on the stock. Intel traded as high as $26.24 and last traded at $25.98. Approximately 113,452,201 shares traded hands during mid-day trading, an increase of 28% from the average daily volume of 88,714,258 shares. The stock had previously closed at $23.60.

A number of other equities analysts also recently commented on the stock. Rosenblatt Securities restated a "sell" rating and set a $20.00 target price on shares of Intel in a report on Thursday, January 30th. Wells Fargo & Company reduced their price objective on Intel from $28.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Friday, January 31st. Stifel Nicolaus lowered their target price on Intel from $25.00 to $21.00 and set a "hold" rating for the company in a research note on Friday, January 31st. Roth Mkm dropped their target price on Intel from $25.00 to $20.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Finally, Citigroup cut their target price on Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 21st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $26.88.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Quest Partners LLC grew its holdings in Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock worth $30,000 after buying an additional 1,253 shares in the last quarter. Finley Financial LLC acquired a new position in Intel during the 4th quarter worth $25,000. Vermillion Wealth Management Inc. bought a new position in shares of Intel in the fourth quarter worth $27,000. Synergy Investment Management LLC acquired a new position in shares of Intel during the fourth quarter valued at $27,000. Finally, BankPlus Trust Department bought a new stake in shares of Intel during the fourth quarter valued at about $28,000. Institutional investors own 64.53% of the company's stock.

Intel Stock Down 3.4 %

The firm's fifty day moving average is $20.75 and its two-hundred day moving average is $21.62. The firm has a market cap of $109.13 billion, a price-to-earnings ratio of -5.72 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.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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 expect that Intel Co. will post -0.11 EPS for the current fiscal year.

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.