Intel (NASDAQ:INTC) Trading 3.5% Higher – What’s Next?

Intel Co. (NASDAQ:INTC)’s share price traded up 3.5% during trading on Monday . The stock traded as high as $25.56 and last traded at $25.35. 19,574,561 shares were traded during mid-day trading, a decline of 67% from the average session volume of 59,738,020 shares. The stock had previously closed at $24.50.

Analyst Ratings Changes

A number of equities research analysts recently commented on INTC shares. TD Cowen upgraded Intel to a “hold” rating in a research report on Monday, September 16th. Rosenblatt Securities reissued a “sell” rating and issued a $17.00 price target on shares of Intel in a research note on Tuesday, October 29th. Cantor Fitzgerald reduced their price objective on shares of Intel from $40.00 to $27.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Stifel Nicolaus reiterated a “hold” rating and issued a $25.00 target price (down previously from $28.00) on shares of Intel in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Intel from $35.00 to $26.00 and set an “underweight” rating on the stock in a research note on Friday, August 2nd. Six investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Intel presently has an average rating of “Hold” and an average target price of $30.12.

Intel Stock Down 1.7 %

The firm’s fifty day simple moving average is $23.32 and its 200 day simple moving average is $26.00. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. The company has a market cap of $102.00 billion, a price-to-earnings ratio of -6.27 and a beta of 1.03.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). The company had revenue of $13.30 billion during the quarter, compared to analysts’ expectations of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The company’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period last year, the business earned $0.28 earnings per share. Sell-side analysts predict that Intel Co. will post -0.87 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the transaction, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. This represents a 8.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC increased its holdings in Intel by 14.9% during the 1st quarter. Janus Henderson Group PLC now owns 473,056 shares of the chip maker’s stock valued at $20,889,000 after acquiring an additional 61,516 shares in the last quarter. Coppell Advisory Solutions Corp. acquired a new stake in Intel during the 1st quarter valued at $528,000. New Covenant Trust Company N.A. purchased a new position in Intel during the first quarter worth $201,000. Advisory Resource Group raised its holdings in shares of Intel by 5.4% in the first quarter. Advisory Resource Group now owns 14,260 shares of the chip maker’s stock worth $630,000 after acquiring an additional 734 shares during the last quarter. Finally, Rokos Capital Management LLP purchased a new stake in shares of Intel in the first quarter valued at $100,433,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

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.