Intel (NASDAQ:INTC) Shares Up 0.1% – Here’s Why

Intel Co. (NASDAQ:INTC) shares were up 0.1% during trading on Monday . The stock traded as high as $24.89 and last traded at $24.37. Approximately 11,784,488 shares were traded during trading, a decline of 80% from the average daily volume of 59,832,633 shares. The stock had previously closed at $24.35.

Analysts Set New Price Targets

INTC has been the topic of a number of recent research reports. TD Cowen raised Intel to a “hold” rating in a research report on Monday, September 16th. UBS Group dropped their target price on shares of Intel from $37.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Daiwa America raised Intel to a “hold” rating in a report on Monday, August 26th. Hsbc Global Res downgraded Intel from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd. Finally, StockNews.com downgraded shares of Intel from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Six investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Intel presently has a consensus rating of “Hold” and a consensus price target of $30.12.

Intel Price Performance

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 stock has a market cap of $106.40 billion, a PE ratio of -6.55 and a beta of 1.03. The firm’s 50-day moving average price is $22.69 and its two-hundred day moving average price is $26.30.

Intel (NASDAQ:INTC) last issued its quarterly 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). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The business had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. During the same period in the prior year, the business posted $0.28 EPS. Intel’s revenue was down 6.3% compared to the same quarter last year. On average, equities analysts expect that Intel Co. will post -0.83 earnings per share for the current fiscal year.

Insider Buying and Selling at Intel

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

Hedge Funds Weigh In On Intel

A number of hedge funds have recently modified their holdings of the business. America First Investment Advisors LLC acquired a new position in Intel during the second quarter worth about $25,000. Cyrus J. Lawrence LLC acquired a new stake in shares of Intel during the 2nd quarter valued at approximately $27,000. Quest Partners LLC grew its position in Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after buying an additional 1,253 shares in the last quarter. Spartan Fund Management Inc. purchased a new stake in Intel in the 2nd quarter worth about $31,000. Finally, Financial Connections Group Inc. bought a new position in shares of Intel in the second quarter valued at approximately $32,000. 64.53% of the stock is currently owned by hedge funds and other 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.