Intel (NASDAQ:INTC) Trading Up 0.5% – Here’s What Happened

Intel Co. (NASDAQ:INTC) was up 0.5% on Friday . The stock traded as high as $24.32 and last traded at $23.82. Approximately 46,766,591 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 101,185,391 shares. The stock had previously closed at $23.70.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on INTC shares. Wells Fargo & Company reduced their price objective on Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Mizuho reduced their price objective on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Barclays reduced their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Cantor Fitzgerald boosted their price target on Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. Finally, Stifel Nicolaus reduced their price target on Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Four analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $27.04.

Intel Stock Up 1.5 %

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 firm has a market capitalization of $104.14 billion, a P/E ratio of -5.49 and a beta of 1.02. The stock has a fifty day moving average price of $21.45 and a two-hundred day moving average price of $21.85.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Research analysts forecast that Intel Co. will post -0.11 EPS for the current year.

Institutional Trading of Intel

Several institutional investors have recently modified their holdings of the company. Cornerstone Advisory LLC lifted its holdings in shares of Intel by 4.3% in the fourth quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker’s stock valued at $198,000 after buying an additional 409 shares during the period. Evergreen Capital Management LLC lifted its holdings in shares of Intel by 1.0% in the fourth quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker’s stock valued at $840,000 after buying an additional 419 shares during the period. Dunhill Financial LLC lifted its holdings in shares of Intel by 22.6% in the third quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock valued at $56,000 after buying an additional 438 shares during the period. Federated Hermes Inc. lifted its holdings in shares of Intel by 0.3% in the fourth quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker’s stock valued at $3,263,000 after buying an additional 456 shares during the period. Finally, Beaton Management Co. Inc. lifted its holdings in shares of Intel by 2.2% in the third quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock valued at $544,000 after buying an additional 500 shares during the period. Institutional investors and hedge funds 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.