Intel Co. (NASDAQ:INTC - Get Free Report)'s stock price traded down 1.4% on Friday . The company traded as low as $19.03 and last traded at $19.11. 15,952,410 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 69,256,430 shares. The stock had previously closed at $19.38.
INTC has been the subject of several recent analyst reports. UBS Group decreased their price objective on shares of Intel from $26.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, January 21st. Rosenblatt Securities reiterated a "sell" rating and set a $20.00 price target on shares of Intel in a research report on Thursday, January 30th. Hsbc Global Res raised Intel from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, January 21st. Wells Fargo & Company lowered their target price on Intel from $28.00 to $25.00 and set an "equal weight" rating on the stock in a report on Friday, January 31st. Finally, Stifel Nicolaus cut their price target on shares of Intel from $25.00 to $21.00 and set a "hold" rating for the company in a report on Friday, January 31st. Five analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Intel has an average rating of "Hold" and an average price target of $26.60.
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The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The stock's 50-day moving average is $20.31 and its 200 day moving average is $22.00.
Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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 research analysts predict that Intel Co. will post -0.11 EPS for the current year.
Several institutional investors have recently made changes to their positions in the company. Finley Financial LLC bought a new stake in Intel in the fourth quarter worth approximately $25,000. Synergy Investment Management LLC acquired a new stake in shares of Intel in the fourth quarter worth about $27,000. BankPlus Trust Department bought a new stake in shares of Intel during the 4th quarter worth about $28,000. Keystone Financial Group Inc. acquired a new position in shares of Intel during the 4th quarter valued at about $29,000. Finally, Quest Partners LLC lifted its holdings in Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock worth $30,000 after purchasing an additional 1,253 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.
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.
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