Intel (NASDAQ:INTC) Stock Price Up 0.3% – Here’s What Happened

Intel Co. (NASDAQ:INTC)’s share price traded up 0.3% during mid-day trading on Tuesday . The company traded as high as $24.75 and last traded at $24.29. 21,661,788 shares were traded during trading, a decline of 79% from the average session volume of 102,023,195 shares. The stock had previously closed at $24.22.

Analyst Ratings Changes

INTC has been the subject of a number of recent analyst reports. Bank of America upgraded Intel from an “underperform” rating to a “neutral” rating and increased their price target for the company from $19.00 to $25.00 in a research report on Thursday, March 13th. Mizuho cut their price target on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. JPMorgan Chase & Co. decreased their price objective on shares of Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a research note on Friday, January 31st. Benchmark restated a “hold” rating on shares of Intel in a report on Friday, January 31st. Finally, Barclays decreased their target price on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Four investment analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has given a buy rating to the company’s stock. According to data from 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 50-day moving average of $22.22 and a 200-day moving average of $22.09. 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 has a market capitalization of $99.45 billion, a price-to-earnings ratio of -5.30 and a beta of 1.02.

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

Hedge Funds Weigh In On Intel

Hedge funds have recently made changes to their positions in the business. Prostatis Group LLC raised its holdings in Intel by 78.8% during the fourth quarter. Prostatis Group LLC now owns 44,426 shares of the chip maker’s stock worth $891,000 after acquiring an additional 19,573 shares in the last quarter. 111 Capital acquired a new position in Intel during the fourth quarter worth $855,000. PKO Investment Management Joint Stock Co bought a new stake in Intel during the fourth quarter worth $1,865,000. QSM Asset Management Ltd acquired a new stake in Intel in the fourth quarter valued at $7,011,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Intel during the 4th quarter worth about $70,850,000. 64.53% of the stock is 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.