Intel (NASDAQ:INTC) Stock Price Up 0.9% – What’s Next?

Intel Co. (NASDAQ:INTC) shares traded up 0.9% during mid-day trading on Monday . The stock traded as high as $19.73 and last traded at $19.60. 33,002,866 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 71,441,328 shares. The stock had previously closed at $19.43.

Wall Street Analysts Forecast Growth

INTC has been the subject of several research analyst reports. The Goldman Sachs Group dropped their price target on Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research note on Thursday, October 17th. Truist Financial cut their price target on shares of Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a report on Friday. HSBC upgraded shares of Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Rosenblatt Securities reiterated a “sell” rating and issued a $20.00 target price on shares of Intel in a research note on Thursday. Finally, Stifel Nicolaus dropped their price target on shares of Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday. Five analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, Intel has a consensus rating of “Hold” and a consensus price target of $26.60.

Intel Trading Down 0.3 %

The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The firm’s fifty day moving average price is $20.78 and its 200-day moving average price is $22.34. The company has a market cap of $83.59 billion, a price-to-earnings ratio of -4.42, a P/E/G ratio of 9.49 and a beta of 1.08.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (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%. On average, equities analysts expect that Intel Co. will post 0.19 EPS for the current fiscal year.

Insider Buying and Selling

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 transaction of $650,000.00. Following the transaction, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.04% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Intel

Several large investors have recently made changes to their positions in the business. Czech National Bank boosted its stake in shares of Intel by 7.2% during the 3rd quarter. Czech National Bank now owns 869,233 shares of the chip maker’s stock worth $20,392,000 after acquiring an additional 58,021 shares in the last quarter. HBW Advisory Services LLC boosted its position in shares of Intel by 8.6% in the 3rd quarter. HBW Advisory Services LLC now owns 8,909 shares of the chip maker’s stock valued at $209,000 after purchasing an additional 704 shares during the period. Handelsbanken Fonder AB increased its stake in Intel by 0.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 1,573,894 shares of the chip maker’s stock worth $36,924,000 after purchasing an additional 8,434 shares in the last quarter. Melone Private Wealth LLC acquired a new stake in Intel during the 3rd quarter worth about $242,000. Finally, Azzad Asset Management Inc. ADV lifted its stake in Intel by 2.9% during the third quarter. Azzad Asset Management Inc. ADV now owns 35,489 shares of the chip maker’s stock valued at $833,000 after buying an additional 998 shares in the last quarter. 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.