Intel Sees Unusually High Options Volume (NASDAQ:INTC)

Intel Co. (NASDAQ:INTC) was the target of some unusual options trading on Tuesday. Stock investors purchased 617,741 call options on the stock. This represents an increase of 36% compared to the typical volume of 454,501 call options.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Finley Financial LLC acquired a new stake in Intel in the fourth quarter valued at approximately $25,000. Synergy Investment Management LLC acquired a new stake in Intel in the 4th quarter valued at $27,000. Vermillion Wealth Management Inc. bought a new stake in Intel during the 4th quarter valued at $27,000. BankPlus Trust Department acquired a new position in Intel during the fourth quarter worth $28,000. Finally, Keystone Financial Group Inc. bought a new position in shares of Intel in the fourth quarter valued at $29,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on INTC shares. JPMorgan Chase & Co. lowered their price objective on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. Barclays dropped their price target on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Rosenblatt Securities reiterated a “sell” rating and set a $20.00 price objective on shares of Intel in a research note on Thursday, January 30th. UBS Group decreased their target price on shares of Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Finally, Mizuho cut their price target on shares of Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, January 10th. 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. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $27.04.

Intel Stock Down 6.9 %

Shares of INTC opened at $24.12 on Thursday. The stock’s 50-day moving average price is $21.77 and its two-hundred day moving average price is $21.95. Intel has a 12 month low of $18.51 and a 12 month high of $45.41. The company has a market capitalization of $104.44 billion, a PE ratio of -5.51 and a beta of 1.02. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last posted its quarterly earnings data 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 return on equity of 3.27% and a negative net margin of 35.32%. On average, analysts anticipate that Intel will post -0.11 EPS for the current year.

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.