Intel (NASDAQ:INTC) Stock Price Up 6.3% – What’s Next?

Shares of Intel Corporation (NASDAQ:INTC) rose 6.3% on Tuesday . The stock traded as high as $22.38 and last traded at $22.54. Approximately 34,143,091 shares were traded during trading, a decline of 59% from the average daily volume of 84,243,356 shares. The stock had previously closed at $21.19.

Wall Street Analyst Weigh In

INTC has been the topic of a number of analyst reports. Benchmark reaffirmed a “hold” rating on shares of Intel in a research note on Friday, April 25th. Sanford C. Bernstein lowered their price target on shares of Intel from $25.00 to $21.00 and set a “market perform” rating for the company in a report on Tuesday, April 22nd. Wedbush cut their price target on shares of Intel from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, April 23rd. Rosenblatt Securities lowered their price objective on shares of Intel from $18.00 to $14.00 and set a “sell” rating for the company in a research note on Friday, April 25th. Finally, Cfra Research raised Intel to a “hold” rating in a research note on Friday, April 25th. Six analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $21.57.

Intel Price Performance

The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.93. The firm has a market capitalization of $98.12 billion, a PE ratio of -5.01 and a beta of 1.12. The firm has a 50-day simple moving average of $20.55 and a 200-day simple moving average of $21.07.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, topping the consensus estimate of $0.01 by $0.12. The firm had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. Intel’s revenue was down .4% on a year-over-year basis. During the same period in the prior year, the business posted $0.18 EPS. As a group, equities analysts forecast that Intel Corporation will post -0.11 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Norges Bank bought a new position in shares of Intel during the fourth quarter worth $1,246,569,000. Nuveen LLC bought a new position in shares of Intel during the 1st quarter valued at about $538,430,000. Price T Rowe Associates Inc. MD grew its position in shares of Intel by 99.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,829,385 shares of the chip maker’s stock valued at $677,426,000 after purchasing an additional 14,901,457 shares in the last quarter. Two Sigma Advisers LP bought a new stake in shares of Intel in the fourth quarter worth about $289,752,000. Finally, Two Sigma Investments LP purchased a new stake in shares of Intel in the fourth quarter worth about $237,457,000. Hedge funds and other 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.