Intel Co. (NASDAQ:INTC - Get Free Report) shares dropped 1.6% on Tuesday . The company traded as low as $19.29 and last traded at $19.61. Approximately 28,689,170 shares changed hands during trading, a decline of 71% from the average daily volume of 97,602,742 shares. The stock had previously closed at $19.93.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the stock. UBS Group dropped their price target on shares of Intel from $26.00 to $23.00 and set a "neutral" rating for the company in a research note on Tuesday, January 21st. Truist Financial reduced their target price on Intel from $22.00 to $21.00 and set a "hold" rating on the stock in a report on Friday, January 31st. Needham & Company LLC restated a "hold" rating on shares of Intel in a research report on Friday, January 31st. Rosenblatt Securities reaffirmed a "sell" rating and issued a $20.00 price objective on shares of Intel in a research note on Thursday, January 30th. Finally, Cantor Fitzgerald boosted their target price on shares of Intel from $22.00 to $29.00 and gave the company a "neutral" rating in a report on Tuesday, February 18th. Five research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Intel currently has a consensus rating of "Hold" and a consensus price target of $26.88.
Read Our Latest Report on INTC
Intel Trading Up 2.8 %
The stock has a market capitalization of $88.01 billion, a PE ratio of -4.64 and a beta of 1.02. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The firm has a 50 day moving average price of $21.29 and a 200 day moving average price of $21.81.
Intel (NASDAQ:INTC - Get Free Report) last issued 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 net margin of 35.32% and a negative return on equity of 3.27%. Equities analysts expect that Intel Co. will post -0.11 EPS for the current fiscal year.
Institutional Investors Weigh In On Intel
Institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in shares of Intel by 4.6% during the third quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker's stock valued at $2,162,891,000 after acquiring an additional 4,103,553 shares during the last quarter. Relyea Zuckerberg Hanson LLC raised its stake in shares of Intel by 211.6% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker's stock worth $579,000 after purchasing an additional 19,625 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Intel by 4.4% in the 3rd quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker's stock worth $113,244,000 after buying an additional 204,200 shares during the last quarter. Empirical Asset Management LLC bought a new position in Intel during the fourth quarter valued at about $276,000. Finally, Swiss National Bank increased its holdings in Intel by 0.3% during the third quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker's stock worth $296,426,000 after buying an additional 31,800 shares during the last quarter. 64.53% of the stock is owned by 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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