Intel (NASDAQ:INTC) Trading 0.1% Higher – Here’s What Happened

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

Wall Street Analysts Forecast Growth

INTC has been the topic of several research analyst reports. Rosenblatt Securities restated a “sell” rating and issued a $17.00 price objective on shares of Intel in a report on Tuesday, October 29th. Roth Mkm decreased their target price on Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Morgan Stanley cut their price target on Intel from $36.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, August 2nd. Barclays cut their target price on shares of Intel from $40.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, August 2nd. Finally, The Goldman Sachs Group decreased their price target on shares of Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research note on Thursday, October 17th. Six equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $30.12.

Intel Stock Performance

The company has a market cap of $106.40 billion, a P/E ratio of -6.55 and a beta of 1.03. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The firm has a 50 day moving average price of $22.69 and a 200-day moving average price of $26.30.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The firm had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The business’s revenue was down 6.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.28 EPS. On average, research analysts predict that Intel Co. will post -0.83 EPS for the current year.

Insider Buying and Selling

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the sale, the executive vice president now directly owns 273,258 shares in the company, valued at $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.04% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. America First Investment Advisors LLC acquired a new stake in Intel during the second quarter worth approximately $25,000. Cyrus J. Lawrence LLC purchased a new stake in shares of Intel during the second quarter valued at approximately $27,000. Spartan Fund Management Inc. bought a new stake in Intel during the second quarter valued at about $31,000. Financial Connections Group Inc. purchased a new position in Intel during the 2nd quarter valued at approximately $32,000. Finally, Triad Wealth Partners LLC bought a new position in Intel during the 2nd quarter valued at about $33,000. 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.