Intel (NASDAQ:INTC) Trading 2% Higher – What’s Next?

Intel Co. (NASDAQ:INTC)’s share price rose 2% on Monday . The stock traded as high as $20.11 and last traded at $19.92. Approximately 15,443,044 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 61,777,574 shares. The stock had previously closed at $19.52.

Analyst Ratings Changes

Several research firms recently issued reports on INTC. The Goldman Sachs Group dropped their price objective on Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research note on Thursday, October 17th. Bank of America restated an “underperform” rating and issued a $21.00 price objective on shares of Intel in a research report on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft cut their price objective on Intel from $27.00 to $25.00 and set a “hold” rating for the company in a report on Thursday, October 3rd. Mizuho increased their target price on shares of Intel from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research report on Friday, November 1st. Six equities research 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $30.04.

Intel Stock Up 1.0 %

The company’s 50-day moving average price is $22.67 and its 200 day moving average price is $24.63. 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 stock has a market cap of $87.99 billion, a PE ratio of -5.48 and a beta of 1.05.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The business had revenue of $13.30 billion for the quarter, compared to analysts’ expectations of $13.02 billion. During the same period in the prior year, the company posted $0.28 earnings per share. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. As a group, analysts forecast that Intel Co. will post -0.87 EPS for the current fiscal year.

Insider Activity at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction that occurred on Thursday, November 7th. The shares were 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. The trade was a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.04% of the stock is owned by company insiders.

Institutional Trading of Intel

Several institutional investors and hedge funds have recently modified their holdings of INTC. America First Investment Advisors LLC purchased a new stake in Intel in the 2nd quarter worth $25,000. Cyrus J. Lawrence LLC bought a new position in shares of Intel in the second quarter worth about $27,000. Quest Partners LLC grew its position in shares of Intel by 7,370.6% during the third 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 in the last quarter. Spartan Fund Management Inc. bought a new stake in Intel during the 2nd quarter valued at approximately $31,000. Finally, Groupama Asset Managment lifted its holdings in Intel by 6.3% in the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after purchasing an additional 8,084 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

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.