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

Intel Co. (NASDAQ:INTC) shot up 0.6% on Monday . The company traded as high as $24.99 and last traded at $24.42. 21,080,020 shares were traded during trading, a decline of 71% from the average session volume of 71,906,348 shares. The stock had previously closed at $24.26.

Analyst Ratings Changes

Several equities analysts have recently issued reports on INTC shares. Bank of America raised Intel from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $19.00 to $25.00 in a report on Thursday, March 13th. Wells Fargo & Company lowered their price objective on Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Stifel Nicolaus cut their target price on shares of Intel from $25.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Barclays lowered their price target on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Finally, HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Four analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $27.04.

Intel Price Performance

The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The stock has a 50 day simple moving average of $22.15 and a two-hundred day simple moving average of $22.08. The company has a market cap of $104.79 billion, a price-to-earnings ratio of -5.53 and a beta of 1.02.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing the consensus estimate 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, equities 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 hedge funds and other institutional investors have recently made changes to their positions in INTC. Finley Financial LLC purchased a new position in Intel in the fourth quarter worth approximately $25,000. Synergy Investment Management LLC acquired a new position in shares of Intel in the 4th quarter valued at $27,000. Vermillion Wealth Management Inc. purchased a new position in shares of Intel during the 4th quarter worth $27,000. BankPlus Trust Department acquired a new stake in shares of Intel during the 4th quarter worth about $28,000. Finally, Keystone Financial Group Inc. purchased a new stake in Intel in the 4th quarter valued at about $29,000. Institutional investors and hedge funds 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.