Intel (NASDAQ:INTC) Shares Up 1.5% – Here’s Why

Intel Corporation (NASDAQ:INTC) rose 1.5% during trading on Tuesday . The company traded as high as $22.69 and last traded at $22.74. Approximately 17,457,045 shares were traded during trading, a decline of 80% from the average daily volume of 85,208,903 shares. The stock had previously closed at $22.40.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Cfra Research upgraded shares of Intel to a “hold” rating in a report on Friday, April 25th. Citigroup reaffirmed a “sell” rating on shares of Intel in a research report on Friday, April 25th. Deutsche Bank Aktiengesellschaft began coverage on shares of Intel in a report on Wednesday, May 21st. They issued a “hold” rating and a $23.00 price target on the stock. Wall Street Zen upgraded Intel from a “sell” rating to a “hold” rating in a report on Saturday, May 24th. Finally, Mizuho reduced their target price on Intel from $23.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday, April 25th. 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $21.57.

Intel Price Performance

The business has a fifty day moving average of $20.88 and a 200 day moving average of $21.14. 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 stock has a market cap of $100.39 billion, a PE ratio of -5.13 and a beta of 1.12.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.12. The company had revenue of $12.67 billion for 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 quarterly revenue was down .4% on a year-over-year basis. During the same period in the prior year, the company posted $0.18 EPS. Sell-side analysts anticipate that Intel Corporation will post -0.11 earnings per share for the current year.

Institutional Trading of Intel

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Intel in the 4th quarter valued at approximately $1,246,569,000. Nuveen LLC acquired a new position in Intel in the first quarter worth $538,430,000. Price T Rowe Associates Inc. MD increased its stake in 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 during the last quarter. Two Sigma Advisers LP acquired a new stake in shares of Intel during the fourth quarter worth $289,752,000. Finally, Two Sigma Investments LP bought a new position in shares of Intel in the 4th quarter worth about $237,457,000. 64.53% of the stock is 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.