Intel (NASDAQ:INTC) Sees Unusually-High Trading Volume – What’s Next?

Intel Co. (NASDAQ:INTC) shares saw unusually-high trading volume on Thursday . Approximately 95,222,885 shares were traded during mid-day trading, an increase of 24% from the previous session’s volume of 77,046,070 shares.The stock last traded at $24.32 and had previously closed at $22.48.

Analyst Upgrades and Downgrades

Several research firms recently commented on INTC. Bank of America restated an “underperform” rating and set a $21.00 target price on shares of Intel in a research report on Tuesday, December 3rd. Rosenblatt Securities restated a “sell” rating and set a $20.00 target price on shares of Intel in a research report on Thursday, January 30th. Northland Securities cut their target price on Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. UBS Group cut their target price on Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. cut their price objective on Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Intel presently has a consensus rating of “Hold” and an average price target of $26.60.

Intel Trading Up 9.5 %

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 stock has a market capitalization of $106.54 billion, a price-to-earnings ratio of -5.61 and a beta of 1.08. The business has a 50 day simple moving average of $20.21 and a 200-day simple moving average of $21.71.

Intel (NASDAQ:INTC) last posted 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 net margin of 35.32% and a negative return on equity of 3.27%. As a group, equities analysts expect that Intel Co. will post -0.11 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in INTC. Geode Capital Management LLC lifted its holdings in shares of Intel by 4.6% in the third quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock valued at $2,162,891,000 after purchasing an additional 4,103,553 shares in the last quarter. Relyea Zuckerberg Hanson LLC lifted its holdings in shares of Intel by 211.6% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker’s stock valued at $579,000 after purchasing an additional 19,625 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Intel by 4.4% in the third quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker’s stock valued at $113,244,000 after purchasing an additional 204,200 shares in the last quarter. Empirical Asset Management LLC bought a new stake in shares of Intel in the fourth quarter valued at about $276,000. Finally, Swiss National Bank lifted its holdings in shares of Intel by 0.3% in the third quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker’s stock valued at $296,426,000 after purchasing an additional 31,800 shares in the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

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.