Shares of Intel Co. (NASDAQ:INTC - Get Free Report) shot up 0.8% during trading on Monday . The company traded as high as $20.59 and last traded at $20.51. 16,842,954 shares were traded during mid-day trading, a decline of 73% from the average session volume of 61,459,129 shares. The stock had previously closed at $20.34.
Several equities analysts have commented on the stock. Benchmark reissued a "hold" rating on shares of Intel in a report on Friday, November 1st. Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lowered their price target on Intel from $27.00 to $25.00 and set a "hold" rating for the company in a report on Thursday, October 3rd. Northland Securities lowered their target price on Intel from $42.00 to $28.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. Finally, Rosenblatt Securities reiterated a "sell" rating and set a $17.00 price objective on shares of Intel in a research report on Tuesday, October 29th. Six research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $30.04.
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The company has a market cap of $89.84 billion, a PE ratio of -5.51 and a beta of 1.05. The company's fifty day moving average price is $23.12 and its 200 day moving average price is $25.15. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97.
Intel (NASDAQ:INTC - Get Free Report) last released 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 business had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The business's revenue was down 6.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.28 earnings per share. On average, equities research analysts predict that Intel Co. will post -0.87 earnings per share for the current year.
In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company's stock in a transaction on 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 owns 273,258 shares of the company's stock, valued at $7,104,708. This represents a 8.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.04% of the stock is currently owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in the business. William B. Walkup & Associates Inc. purchased a new position in Intel in the 2nd quarter valued at approximately $2,178,000. Geode Capital Management LLC lifted its holdings in shares of Intel by 4.6% in the third quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker's stock worth $2,162,891,000 after buying an additional 4,103,553 shares in the last quarter. Swiss National Bank boosted its position in shares of Intel by 0.3% in the third quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker's stock valued at $296,426,000 after acquiring an additional 31,800 shares during the period. SGL Investment Advisors Inc. purchased a new position in shares of Intel during the 3rd quarter valued at $2,365,000. Finally, Benjamin Edwards Inc. increased its holdings in shares of Intel by 35,983.5% in the third quarter. Benjamin Edwards Inc. now owns 32,836 shares of the chip maker's stock worth $770,000 after purchasing an additional 32,745 shares during the period. 64.53% of the stock is owned by hedge funds and other institutional investors.
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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