Intel (NASDAQ:INTC) Shares Up 0.6% – Here’s What Happened

Intel Co. (NASDAQ:INTC)’s stock price traded up 0.6% during 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.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Mizuho lowered their target price on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Bank of America upgraded Intel from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $19.00 to $25.00 in a research report on Thursday, March 13th. Benchmark restated a “hold” rating on shares of Intel in a research report on Friday, January 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a report on Friday, January 31st. Finally, UBS Group cut their price objective on Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $27.04.

Intel Stock Performance

The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The business has a fifty day moving average of $21.95 and a 200-day moving average of $22.01. The company has a market cap of $104.80 billion, a PE ratio of -5.52 and a beta of 1.02.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates 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 research analysts anticipate that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Intel

A number of large investors have recently modified their holdings of the stock. Quest Partners LLC lifted its holdings in Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after buying an additional 1,253 shares during the period. Finley Financial LLC bought a new stake in shares of Intel during the fourth quarter valued at approximately $25,000. Vermillion Wealth Management Inc. bought a new position in Intel in the fourth quarter worth $27,000. Synergy Investment Management LLC bought a new position in Intel in the fourth quarter worth $27,000. Finally, BankPlus Trust Department bought a new stake in shares of Intel during the 4th quarter valued at $28,000. Institutional investors own 64.53% of the company’s stock.

About Intel

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.