Intel (NASDAQ:INTC) Shares Up 6.2% – What’s Next?

Intel Co. (NASDAQ:INTC) shares traded up 6.2% during mid-day trading on Monday . The stock traded as high as $26.15 and last traded at $25.53. 63,713,605 shares were traded during trading, a decline of 37% from the average session volume of 101,690,023 shares. The stock had previously closed at $24.05.

Wall Street Analyst Weigh In

A number of research analysts recently commented on INTC shares. UBS Group decreased their price target on Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Stifel Nicolaus dropped their target price on shares of Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. JPMorgan Chase & Co. cut their price target on shares of Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a report on Friday, January 31st. Cantor Fitzgerald lifted their price objective on shares of Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. Finally, Citigroup cut their target price on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Four investment analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $27.04.

Intel Trading Up 0.9 %

The stock has a market cap of $112.23 billion, a P/E ratio of -5.92 and a beta of 1.02. 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 firm’s fifty day simple moving average is $21.68 and its 200-day simple moving average is $21.93.

Intel (NASDAQ:INTC) last issued its quarterly 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 expect that Intel Co. will post -0.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Intel

Hedge funds have recently added to or reduced their stakes in the business. Quest Partners LLC increased its stake in shares of Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after acquiring an additional 1,253 shares in the last quarter. Finley Financial LLC acquired a new stake in Intel in the fourth quarter worth $25,000. Vermillion Wealth Management Inc. bought a new stake in Intel in the fourth quarter valued at $27,000. Synergy Investment Management LLC acquired a new position in shares of Intel during the fourth quarter valued at about $27,000. Finally, BankPlus Trust Department bought a new position in shares of Intel during the 4th quarter worth about $28,000. 64.53% of the stock is currently owned by institutional investors.

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.