Shares of Intel Co. (NASDAQ:INTC - Get Free Report) shot up 4.4% during trading on Wednesday . The company traded as high as $18.93 and last traded at $18.93. 42,431,063 shares traded hands during mid-day trading, a decline of 45% from the average session volume of 76,573,184 shares. The stock had previously closed at $18.13.
Analyst Upgrades and Downgrades
INTC has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Intel from $26.00 to $23.00 and set an "underweight" rating on the stock in a report on Friday, January 31st. Bank of America raised Intel from an "underperform" rating to a "neutral" rating and lifted their price objective for the company from $19.00 to $25.00 in a research note on Thursday, March 13th. Rosenblatt Securities restated a "sell" rating and issued a $20.00 price objective on shares of Intel in a research report on Thursday, January 30th. Citigroup cut their price target on shares of Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a research note on Tuesday, January 21st. Finally, Truist Financial lowered their price objective on shares of Intel from $22.00 to $21.00 and set a "hold" rating on the stock in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $25.58.
View Our Latest Report on INTC
Intel Stock Performance
The company's 50-day moving average price is $22.37 and its 200 day moving average price is $22.09. The stock has a market capitalization of $86.08 billion, a PE ratio of -4.51 and a beta of 1.13. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33.
Intel (NASDAQ:INTC - Get Free Report) last posted its 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, equities research analysts expect that Intel Co. will post -0.11 earnings per share for the current fiscal year.
Institutional Trading of Intel
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Norges Bank bought a new stake in Intel during the fourth quarter worth about $1,246,569,000. Two Sigma Advisers LP bought a new stake in shares of Intel in the 4th quarter worth approximately $289,752,000. Assenagon Asset Management S.A. grew its stake in shares of Intel by 264.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker's stock worth $393,323,000 after buying an additional 14,227,458 shares during the last quarter. Two Sigma Investments LP bought a new position in Intel during the 4th quarter valued at approximately $237,457,000. Finally, Toronto Dominion Bank raised its stake in Intel by 286.8% during the fourth quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock valued at $211,114,000 after buying an additional 7,806,882 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.
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.
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