Intel Co. (NASDAQ:INTC - Get Free Report) traded up 0.6% during mid-day trading on Monday . The stock traded as high as $24.99 and last traded at $24.42. 21,080,020 shares changed hands during trading, a decline of 71% from the average session volume of 71,906,348 shares. The stock had previously closed at $24.26.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on INTC shares. Truist Financial lowered their price objective on shares of Intel from $22.00 to $21.00 and set a "hold" rating for the company in a research report on Friday, January 31st. Rosenblatt Securities restated a "sell" rating and set a $20.00 price target on shares of Intel in a research report on Thursday, January 30th. Barclays lowered their target price on Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a report on Friday, January 17th. Citigroup decreased their target price on Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a report on Tuesday, January 21st. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $27.04.
Read Our Latest Stock Report on INTC
Intel Price Performance
The stock has a market capitalization of $98.33 billion, a price-to-earnings ratio of -5.18 and a beta of 1.02. The stock has a 50 day moving average price of $22.33 and a 200-day moving average price of $22.15. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98.
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 (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%. On average, analysts forecast that Intel Co. will post -0.11 earnings per share for the current year.
Hedge Funds Weigh In On Intel
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Intel by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker's stock valued at $7,400,439,000 after purchasing an additional 6,143,164 shares during the period. State Street Corp raised its position in shares of Intel by 2.8% during the third quarter. State Street Corp now owns 197,958,739 shares of the chip maker's stock worth $4,644,112,000 after purchasing an additional 5,417,753 shares during the period. Geode Capital Management LLC raised its position in Intel by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker's stock valued at $1,909,761,000 after buying an additional 2,978,346 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Intel by 8.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,263,339 shares of the chip maker's stock valued at $1,268,430,000 after purchasing an additional 4,793,927 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Intel during the fourth quarter worth approximately $1,246,569,000. Institutional investors and hedge funds own 64.53% of the company's stock.
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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