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

Intel Corporation (NASDAQ:INTC) was the recipient of some unusual options trading on Monday. Investors purchased 444,644 call options on the company. Thisrepresentsanincreaseofapproximately23% compared to the average daily volume of 361,893 call options.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in INTC. N.E.W. Advisory Services LLC bought a new stake in shares of Intel in the 1st quarter worth $25,000. HFM Investment Advisors LLC bought a new stake in shares of Intel in the 1st quarter worth $25,000. Vermillion Wealth Management Inc. bought a new stake in shares of Intel in the 4th quarter worth $27,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Intel in the 1st quarter worth $27,000. Finally, West Branch Capital LLC bought a new stake in shares of Intel in the 2nd quarter worth $28,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Mizuho upped their price objective on Intel from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, July 3rd. Sanford C. Bernstein reduced their price objective on Intel from $25.00 to $21.00 and set a “market perform” rating for the company in a research note on Tuesday, April 22nd. Loop Capital began coverage on Intel in a research note on Monday, July 21st. They issued a “hold” rating and a $25.00 price objective for the company. Benchmark reiterated a “hold” rating on shares of Intel in a research note on Friday, July 25th. Finally, Rosenblatt Securities reiterated a “sell” rating and set a $14.00 price target on shares of Intel in a research note on Friday, July 25th. Six investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $22.17.

Intel Stock Performance

NASDAQ:INTC opened at $20.68 on Tuesday. The business’s 50-day moving average price is $21.58 and its two-hundred day moving average price is $21.48. Intel has a twelve month low of $17.67 and a twelve month high of $27.55. The stock has a market cap of $90.52 billion, a P/E ratio of -4.34 and a beta of 1.22. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.11). Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%. The company had revenue of $12.86 billion for the quarter, compared to the consensus estimate of $11.88 billion. During the same quarter in the previous year, the business earned $0.02 earnings per share. Intel’s revenue was up .5% compared to the same quarter last year. As a group, equities analysts predict that Intel will post -0.11 EPS for the current fiscal 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.