Intel (NASDAQ:INTC) Trading Down 1.6% - What's Next?

Intel Co. (NASDAQ:INTC - Get Free Report) shares were down 1.6% on Friday . The stock traded as low as $18.56 and last traded at $18.93. Approximately 85,400,923 shares were traded during mid-day trading, an increase of 9% from the average daily volume of 78,465,072 shares. The stock had previously closed at $19.23.

Wall Street Analysts Forecast Growth

INTC has been the topic of a number of recent analyst reports. Rosenblatt Securities restated a "sell" rating and issued a $20.00 target price on shares of Intel in a research note on Thursday, January 30th. HSBC upgraded Intel from a "reduce" rating to a "hold" rating in a research note on Tuesday, January 21st. Roth Mkm lowered their price target on Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Citigroup reduced their price objective on Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 21st. Finally, UBS Group lowered their target price on shares of Intel from $23.00 to $22.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Four analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $25.38.

Intel Price Performance

The stock has a market capitalization of $82.55 billion, a price-to-earnings ratio of -4.32 and a beta of 1.13. The business has a 50-day simple moving average of $22.34 and a two-hundred day simple moving average of $21.96. 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 earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) 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%. As a group, research analysts predict that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Institutional Trading of Intel

A number of large investors have recently added to or reduced their stakes in INTC. Relyea Zuckerberg Hanson LLC increased its position in shares of Intel by 211.6% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker's stock worth $579,000 after acquiring an additional 19,625 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Intel by 4.4% during the 3rd quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker's stock worth $113,244,000 after purchasing an additional 204,200 shares in the last quarter. Empirical Asset Management LLC acquired a new stake in Intel in the fourth quarter valued at approximately $276,000. InvesTrust acquired a new stake in shares of Intel in the 4th quarter valued at $3,696,000. Finally, Rheos Capital Works Inc. increased its position in Intel by 12.1% during the fourth quarter. Rheos Capital Works Inc. now owns 277,000 shares of the chip maker's stock worth $5,554,000 after buying an additional 30,000 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

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.