Intel Sees Unusually Large Options Volume (NASDAQ:INTC)

Intel Co. (NASDAQ:INTC) was the recipient of unusually large options trading on Thursday. Stock traders bought 697,868 call options on the company. This is an increase of approximately 50% compared to the typical volume of 464,892 call options.

Analyst Ratings Changes

INTC has been the topic of several recent research reports. Cantor Fitzgerald upped their price objective on shares of Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, February 18th. Truist Financial reduced their price objective on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Roth Mkm lowered their target price on Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Barclays reduced their price target on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Finally, Citigroup lowered their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Four investment analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $25.58.

Hedge Funds Weigh In On Intel

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

Intel Price Performance

INTC stock opened at $19.85 on Friday. Intel has a 1 year low of $18.51 and a 1 year high of $39.46. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The firm has a market capitalization of $86.56 billion, a PE ratio of -4.53 and a beta of 1.13. The business has a 50 day simple moving average of $22.36 and a 200-day simple moving average of $22.20.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (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%. Equities research analysts anticipate that Intel will post -0.11 earnings per share for the current fiscal year.

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.