Intel (NASDAQ:INTC) Shares Down 3.6% – What’s Next?

Intel Co. (NASDAQ:INTC) shares fell 3.6% during mid-day trading on Friday . The stock traded as low as $22.56 and last traded at $22.77. 18,848,134 shares changed hands during trading, a decline of 74% from the average session volume of 71,998,265 shares. The stock had previously closed at $23.62.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on INTC shares. Cantor Fitzgerald upped their price objective on Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 18th. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research note on Friday, January 31st. Roth Mkm lowered their price objective on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Barclays cut their target price on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Finally, HSBC raised Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Four research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Intel currently has a consensus rating of “Hold” and an average target price of $27.04.

Intel Trading Down 3.9 %

The business has a fifty day simple moving average of $22.33 and a 200-day simple moving average of $22.15. The firm has a market cap of $98.33 billion, a price-to-earnings ratio of -5.18 and a beta of 1.02. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. As a group, equities analysts forecast that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Intel

A number of institutional investors have recently made changes to their positions in the stock. Quest Partners LLC boosted its holdings in Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after acquiring an additional 1,253 shares during the last quarter. Finley Financial LLC bought a new stake in shares of Intel in the 4th quarter valued at $25,000. Vermillion Wealth Management Inc. acquired a new stake in shares of Intel during the fourth quarter worth $27,000. Synergy Investment Management LLC bought a new position in Intel during the fourth quarter worth $27,000. Finally, BankPlus Trust Department acquired a new position in Intel in the fourth quarter valued at $28,000. 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.