Intel (NASDAQ:INTC) Trading 0.6% Higher – Time to Buy?

Intel Co. (NASDAQ:INTC) shot up 0.6% during trading on Wednesday . The stock traded as high as $20.08 and last traded at $19.93. 19,330,797 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 65,511,242 shares. The stock had previously closed at $19.80.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on INTC. Robert W. Baird raised their price objective on shares of Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. HSBC upgraded shares of Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Northland Securities cut their target price on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, Rosenblatt Securities reiterated a “sell” rating and set a $17.00 price target on shares of Intel in a research note on Tuesday, October 29th. Five analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Intel has an average rating of “Hold” and an average price target of $27.88.

Intel Trading Down 0.2 %

The company has a 50-day simple moving average of $21.06 and a 200-day simple moving average of $22.65. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The stock has a market cap of $85.25 billion, a P/E ratio of -5.29, a P/E/G ratio of 9.72 and a beta of 1.07.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.44). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The company had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. During the same period last year, the company earned $0.28 earnings per share. Intel’s revenue for the quarter was down 6.3% compared to the same quarter last year. On average, sell-side analysts forecast that Intel Co. will post -0.87 EPS for the current fiscal year.

Insider Activity

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the sale, the executive vice president now owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.04% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in INTC. Sage Private Wealth Group LLC lifted its stake in Intel by 12.8% in the fourth quarter. Sage Private Wealth Group LLC now owns 17,202 shares of the chip maker’s stock valued at $345,000 after buying an additional 1,956 shares during the period. Stonebridge Financial Group LLC bought a new position in Intel during the 4th quarter worth approximately $99,000. Mill Creek Capital Advisors LLC grew its holdings in Intel by 6.5% during the fourth quarter. Mill Creek Capital Advisors LLC now owns 12,666 shares of the chip maker’s stock valued at $254,000 after purchasing an additional 774 shares during the period. Bristlecone Advisors LLC increased its stake in Intel by 14.4% in the fourth quarter. Bristlecone Advisors LLC now owns 116,851 shares of the chip maker’s stock valued at $2,343,000 after purchasing an additional 14,699 shares in the last quarter. Finally, Soltis Investment Advisors LLC raised its holdings in Intel by 5.3% in the fourth quarter. Soltis Investment Advisors LLC now owns 50,309 shares of the chip maker’s stock worth $1,009,000 after purchasing an additional 2,518 shares during the period. 64.53% of the stock is currently owned by institutional investors.

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.