In yesterday’s Wall Street session, Intel Corp (NASDAQ:INTC) shares traded at $22.52, down -2.93% from the previous session.
INTC stock price is now 3.31% away from the 50-day moving average and -28.87% away from the 200-day moving average. The market capitalization of the company currently stands at $103.81B.
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With the price target reduced from $36 to $22, Mizuho Downgraded its rating from Outperform to Neutral for Intel Corp (NASDAQ: INTC). , while ‘TD Cowen’ rates the stock as ‘Hold’
In other news, GELSINGER PATRICK P, CEO bought 12,500 shares of the company’s stock on Aug 05 ’24. The stock was bought for $251,946 at an average price of $20.16. Upon completion of the transaction, the CEO now directly owns 37,975 shares in the company, valued at $0.86 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 01 ’24, CEO GELSINGER PATRICK P bought 4,100 shares of the business’s stock. A total of $124,173 was incurred on buying the stock at an average price of $30.29. This leaves the insider owning 39,375 shares of the company worth $0.89 million. A total of 0.06% of the company’s stock is owned by insiders.
During the past 12 months, Intel Corp has had a low of $18.51 and a high of $51.28. As of last week, the company has a debt-to-equity ratio of 0.50, a current ratio of 1.31, and a quick ratio of 0.97. The fifty day moving average price for INTC is $21.759 and a two-hundred day moving average price translates $31.79005 for the stock.
The latest earnings results from Intel Corp (NASDAQ: INTC) was released for 2024-09-28. The net profit margin was -29.42% and return on equity was -15.85% for INTC. The company reported revenue of $13.28 billion for the quarter, compared to $14.16 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.17 percent.
