Intel (NASDAQ:INTC) Stock Price Up 10.1% on Analyst Upgrade

Intel Co. (NASDAQ:INTC)’s stock price traded up 10.1% during trading on Tuesday after Cantor Fitzgerald raised their price target on the stock from $22.00 to $29.00. Cantor Fitzgerald currently has a neutral rating on the stock. Intel traded as high as $26.24 and last traded at $25.98. 113,452,201 shares changed hands during trading, an increase of 28% from the average session volume of 88,714,258 shares. The stock had previously closed at $23.60.

Several other research analysts also recently commented on the company. Robert W. Baird lifted their target price on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a report on Friday, January 31st. Mizuho decreased their target price on shares of Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. 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, January 31st. Finally, Citigroup decreased their price objective on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Five investment analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $26.88.

Institutional Trading of Intel

Several institutional investors and hedge funds have recently modified their holdings of the stock. Finley Financial LLC purchased a new stake in Intel in the 4th quarter valued at $25,000. Synergy Investment Management LLC purchased a new stake in shares of Intel in the fourth quarter valued at about $27,000. BankPlus Trust Department bought a new position in shares of Intel during the fourth quarter valued at about $28,000. Keystone Financial Group Inc. purchased a new position in Intel during the fourth quarter worth about $29,000. Finally, Quest Partners LLC grew its position in Intel by 7,370.6% in the 3rd 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. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Stock Performance

The company’s 50 day simple moving average is $20.38 and its 200 day simple moving average is $21.52. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The stock has a market cap of $118.60 billion, a PE ratio of -6.25 and a beta of 1.08.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Analysts expect that Intel Co. will post -0.11 earnings per share for the current year.

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.