Intel (NASDAQ:INTC) Trading Up 3.1% – What’s Next?

Intel Co. (NASDAQ:INTC) traded up 3.1% on Tuesday . The company traded as high as $23.34 and last traded at $23.22. 20,011,768 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 59,321,629 shares. The stock had previously closed at $22.52.

Wall Street Analyst Weigh In

INTC has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft dropped their target price on Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a research report on Thursday, October 3rd. Argus lowered Intel from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Cantor Fitzgerald lowered their price target on shares of Intel from $40.00 to $27.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research note on Friday. Finally, Mizuho increased their target price on shares of Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday. Six investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $30.12.

Intel Price Performance

The company has a fifty day moving average of $21.84 and a 200-day moving average of $26.81. The stock has a market cap of $99.46 billion, a PE ratio of -6.24 and a beta of 1.03. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The business had revenue of $13.30 billion for the quarter, compared to analysts’ expectations of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. Intel’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.28 earnings per share. Sell-side analysts expect that Intel Co. will post -0.47 EPS for the current fiscal year.

Institutional Trading of Intel

Several institutional investors and hedge funds have recently bought and sold shares of INTC. Vanguard Group Inc. boosted its stake in shares of Intel by 0.9% during the first quarter. Vanguard Group Inc. now owns 389,098,435 shares of the chip maker’s stock worth $17,186,478,000 after buying an additional 3,310,528 shares during the period. Capital International Investors increased its holdings in shares of Intel by 16.0% in the first quarter. Capital International Investors now owns 112,093,582 shares of the chip maker’s stock valued at $4,951,174,000 after purchasing an additional 15,475,631 shares during the period. Primecap Management Co. CA lifted its holdings in shares of Intel by 2.2% during the second quarter. Primecap Management Co. CA now owns 77,822,587 shares of the chip maker’s stock worth $2,410,166,000 after purchasing an additional 1,697,550 shares during the period. Van ECK Associates Corp grew its position in Intel by 27.2% in the 3rd quarter. Van ECK Associates Corp now owns 44,013,936 shares of the chip maker’s stock valued at $967,426,000 after buying an additional 9,422,136 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Intel by 6.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 39,841,750 shares of the chip maker’s stock valued at $1,759,811,000 after acquiring an additional 2,457,243 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

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.