Stock Traders Purchase Large Volume of Call Options on Intel (NASDAQ:INTC)

Intel Co. (NASDAQ:INTC) saw some unusual options trading on Monday. Investors acquired 564,055 call options on the stock. This represents an increase of 35% compared to the typical volume of 418,189 call options.

Institutional Trading of Intel

Institutional investors have recently bought and sold shares of the company. Finley Financial LLC purchased a new position in shares of Intel in the fourth quarter worth $25,000. Synergy Investment Management LLC purchased a new position in shares of Intel during the fourth quarter valued at approximately $27,000. Vermillion Wealth Management Inc. bought a new position in Intel during the fourth quarter valued at approximately $27,000. BankPlus Trust Department bought a new position in Intel during the fourth quarter valued at approximately $28,000. Finally, Keystone Financial Group Inc. purchased a new stake in Intel during the 4th quarter valued at $29,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Stock Performance

Shares of INTC stock opened at $21.33 on Wednesday. The company’s fifty day moving average price is $21.28 and its 200-day moving average price is $21.82. The stock has a market cap of $92.36 billion, a PE ratio of -4.87 and a beta of 1.02. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. Intel has a 12 month low of $18.51 and a 12 month high of $46.63.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. On average, equities analysts expect that Intel will post -0.11 EPS for the current fiscal year.

Analyst Ratings Changes

INTC has been the topic of several analyst reports. Bank of America reiterated an “underperform” rating and set a $21.00 price target on shares of Intel in a research report on Tuesday, December 3rd. Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Roth Mkm lowered their target price on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday, January 31st. Finally, Mizuho dropped their price objective on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Five research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $26.88.

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.