Intel Sees Unusually Large Options Volume (NASDAQ:INTC)

Intel Co. (NASDAQ:INTC) saw unusually large options trading on Friday. Investors purchased 511,259 call options on the company. This represents an increase of approximately 49% compared to the average daily volume of 343,755 call options.

Wall Street Analyst Weigh In

Several brokerages recently commented on INTC. Truist Financial upped their price target on shares of Intel from $25.00 to $26.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Benchmark reiterated a “hold” rating on shares of Intel in a report on Friday, November 1st. Barclays reduced their price objective 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. UBS Group dropped their target price on Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, Mizuho lowered their price objective on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Five analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $28.81.

Insiders Place Their Bets

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the transaction, the executive vice president now owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.04% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Intel

A number of institutional investors and hedge funds have recently added to or reduced their stakes in INTC. Finley Financial LLC bought a new stake in Intel during the fourth quarter worth about $25,000. Cyrus J. Lawrence LLC bought a new stake in Intel in the 2nd quarter valued at $27,000. Quest Partners LLC raised its stake in Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after purchasing an additional 1,253 shares in the last quarter. West Financial Advisors LLC bought a new stake in Intel in the 4th quarter valued at about $31,000. Finally, Groupama Asset Managment grew its position in shares of Intel by 6.3% during the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after purchasing an additional 8,084 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Trading Down 1.7 %

Shares of INTC stock traded down $0.38 on Thursday, reaching $21.48. 28,525,225 shares of the stock were exchanged, compared to its average volume of 64,916,855. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. Intel has a one year low of $18.51 and a one year high of $50.30. The stock has a market cap of $92.64 billion, a PE ratio of -5.77, a P/E/G ratio of 9.59 and a beta of 1.07. The stock has a 50 day moving average price of $21.37 and a 200 day moving average price of $23.12.

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

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.