Intel (NASDAQ:INTC) Trading Up 0.3% – What’s Next?

Shares of Intel Co. (NASDAQ:INTC) traded up 0.3% during mid-day trading on Tuesday . The stock 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.

Analysts Set New Price Targets

A number of research firms recently commented on INTC. Citigroup lowered their price target on shares of Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. JPMorgan Chase & Co. dropped their price target on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a research report on Friday, January 31st. Truist Financial cut their price target on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Barclays dropped their price objective 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, Stifel Nicolaus reduced their target price on shares of Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $27.04.

Intel Stock Down 0.2 %

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 company has a market cap of $104.66 billion, a PE ratio of -5.52 and a beta of 1.02. The stock’s 50 day moving average price is $22.05 and its 200-day moving average price is $22.04.

Intel (NASDAQ:INTC) last released its quarterly earnings data 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, analysts predict that Intel Co. will post -0.11 earnings per share for the current year.

Institutional Trading of Intel

A number of institutional investors have recently made changes to their positions in INTC. Finley Financial LLC purchased a new stake in Intel during the 4th quarter valued at $25,000. Synergy Investment Management LLC bought a new position in shares of Intel during the fourth quarter valued at about $27,000. Vermillion Wealth Management Inc. purchased a new stake in shares of Intel during the fourth quarter worth about $27,000. BankPlus Trust Department bought a new stake in shares of Intel in the fourth quarter worth about $28,000. Finally, Keystone Financial Group Inc. purchased a new position in Intel during the 4th quarter valued at about $29,000. Hedge funds and other 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.