Intel Co. (NASDAQ:INTC - Get Free Report)'s share price traded up 0.9% during mid-day trading on Thursday . The company traded as high as $21.13 and last traded at $21.00. 36,424,522 shares were traded during trading, a decline of 63% from the average session volume of 98,506,250 shares. The stock had previously closed at $20.81.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the stock. UBS Group cut their target price on shares of Intel from $26.00 to $23.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 21st. Benchmark restated a "hold" rating on shares of Intel in a research report on Friday, January 31st. Cantor Fitzgerald upped their target price on shares of Intel from $22.00 to $29.00 and gave the company a "neutral" rating in a research report on Tuesday, February 18th. Barclays lowered their price target 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. Finally, Roth Mkm lowered their price target on Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Intel currently has a consensus rating of "Hold" and a consensus target price of $26.88.
Check Out Our Latest Stock Analysis on INTC
Intel Stock Down 0.5 %
The company has a market capitalization of $89.37 billion, a P/E ratio of -4.71 and a beta of 1.02. The firm's 50 day moving average price is $21.30 and its two-hundred day moving average price is $21.81. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.
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 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%. Equities research analysts forecast that Intel Co. will post -0.11 EPS for the current year.
Hedge Funds Weigh In On Intel
Hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC boosted its holdings in shares of Intel by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker's stock valued at $2,162,891,000 after buying an additional 4,103,553 shares during the last quarter. Relyea Zuckerberg Hanson LLC lifted its holdings in Intel by 211.6% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker's stock valued at $579,000 after purchasing an additional 19,625 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Intel by 4.4% during the 3rd quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker's stock valued at $113,244,000 after purchasing an additional 204,200 shares during the last quarter. Empirical Asset Management LLC acquired a new stake in Intel during the 4th quarter valued at $276,000. Finally, Swiss National Bank lifted its holdings in Intel by 0.3% during the 3rd quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker's stock valued at $296,426,000 after purchasing an additional 31,800 shares during the last quarter. 64.53% of the stock is owned by institutional investors.
Intel Company Profile
(
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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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