Intel (NASDAQ:INTC) Trading Up 1.6% – What’s Next?

Intel Co. (NASDAQ:INTC) shares were up 1.6% on Friday . The company traded as high as $19.51 and last traded at $19.36. Approximately 25,745,568 shares traded hands during trading, a decline of 58% from the average daily volume of 61,629,254 shares. The stock had previously closed at $19.06.

Analyst Ratings Changes

A number of equities research analysts have weighed in on INTC shares. Truist Financial lifted their price target on shares of Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Mizuho lifted their price target on shares of Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research note on Friday, November 1st. Benchmark reiterated a “hold” rating on shares of Intel in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a research note on Thursday, October 3rd. Six research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $30.04.

Intel Price Performance

The stock has a market capitalization of $84.19 billion, a P/E ratio of -5.25 and a beta of 1.05. 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 company has a fifty day simple moving average of $22.78 and a two-hundred day simple moving average of $24.82.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The company had revenue of $13.30 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.28 earnings per share. Sell-side analysts expect that Intel Co. will post -0.87 EPS for the current fiscal year.

Insider Transactions at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the transaction, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.04% of the company’s stock.

Hedge Funds Weigh In On Intel

Several institutional investors and hedge funds have recently modified their holdings of INTC. America First Investment Advisors LLC bought a new stake in Intel in the 2nd quarter valued at approximately $25,000. Cyrus J. Lawrence LLC bought a new stake in Intel in the 2nd quarter valued at approximately $27,000. Spartan Fund Management Inc. bought a new stake in Intel in the 2nd quarter valued at approximately $31,000. Financial Connections Group Inc. bought a new stake in Intel in the 2nd quarter valued at approximately $32,000. Finally, Fairfield Financial Advisors LTD bought a new stake in Intel in the 2nd quarter valued at approximately $35,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

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.