Intel (NASDAQ:INTC) Trading 0.5% Higher – Here’s What Happened

Intel Co. (NASDAQ:INTC)’s share price shot up 0.5% during mid-day trading on Friday . The stock traded as high as $20.33 and last traded at $20.11. 45,512,562 shares were traded during mid-day trading, a decline of 35% from the average session volume of 69,929,914 shares. The stock had previously closed at $20.01.

Analysts Set New Price Targets

A number of equities analysts have recently commented on INTC shares. Bank of America reiterated an “underperform” rating and set a $21.00 price target on shares of Intel in a report on Tuesday, December 3rd. Truist Financial dropped their price target on shares of Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday. Mizuho dropped their target price on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. HSBC raised Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Finally, Robert W. Baird increased their price target on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Five investment analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $26.60.

Intel Stock Performance

The company has a 50 day moving average of $20.88 and a two-hundred day moving average of $22.62. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The company has a market capitalization of $84.72 billion, a PE ratio of -5.29, a PEG ratio of 9.64 and a beta of 1.07.

Intel (NASDAQ:INTC) last released its 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 1.71% and a negative net margin of 29.42%. As a group, equities research analysts predict that Intel Co. will post -0.87 earnings per share for the current year.

Insider Buying and Selling at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the sale, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.04% of the company’s stock.

Hedge Funds Weigh In On Intel

Institutional investors and hedge funds have recently made changes to their positions in the business. Finley Financial LLC bought a new position in Intel in the fourth quarter worth approximately $25,000. Keystone Financial Group Inc. bought a new position in Intel in the 4th quarter worth $29,000. Quest Partners LLC lifted its position in Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares in the last quarter. West Financial Advisors LLC bought a new stake in Intel during the fourth quarter valued at about $31,000. Finally, Groupama Asset Managment increased its position in Intel by 6.3% in the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after buying an additional 8,084 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

About Intel

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.