Intel (NASDAQ:INTC) Stock Price Down 1.7% - What's Next?

Shares of Intel Co. (NASDAQ:INTC - Get Free Report) fell 1.7% during trading on Monday . The stock traded as low as $18.56 and last traded at $19.51. 51,915,965 shares changed hands during mid-day trading, a decline of 32% from the average session volume of 75,927,601 shares. The stock had previously closed at $19.85.

Analysts Set New Price Targets

Several research analysts have commented on INTC shares. Roth Mkm dropped their price objective on shares of Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a report on Friday, January 31st. HSBC raised Intel from a "reduce" rating to a "hold" rating in a research note on Tuesday, January 21st. UBS Group reduced their price objective on Intel from $26.00 to $23.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 21st. Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a research note on Friday, January 31st. Finally, Hsbc Global Res raised Intel from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, January 21st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Intel has a consensus rating of "Hold" and an average price target of $25.58.

Intel Stock Down 0.7 %

The business has a 50 day moving average of $22.37 and a two-hundred day moving average of $22.08. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The stock has a market capitalization of $86.08 billion, a PE ratio of -4.51 and a beta of 1.13.

Remove Ads

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%. Analysts predict that Intel Co. will post -0.11 EPS for the current year.

Institutional Investors Weigh In On Intel

Several hedge funds have recently bought and sold shares of INTC. Cornerstone Advisory LLC boosted its holdings in Intel by 4.3% during the fourth quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker's stock worth $198,000 after buying an additional 409 shares in the last quarter. Evergreen Capital Management LLC raised its position in shares of Intel by 1.0% in the fourth quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker's stock worth $840,000 after acquiring an additional 419 shares during the period. Federated Hermes Inc. boosted its stake in shares of Intel by 0.3% during the 4th quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker's stock worth $3,263,000 after acquiring an additional 456 shares in the last quarter. CFM Wealth Partners LLC boosted its position in Intel by 4.0% during the fourth quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker's stock worth $263,000 after purchasing an additional 500 shares in the last quarter. Finally, Ausdal Financial Partners Inc. grew its stake in Intel by 2.0% in the 4th quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker's stock valued at $501,000 after acquiring an additional 500 shares during the period. Hedge funds and other institutional investors own 64.53% of the company's stock.

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.