Intel (NASDAQ:INTC) Trading Up 1.5% – Still a Buy?

Intel Co. (NASDAQ:INTC)’s share price rose 1.5% during mid-day trading on Wednesday . The stock traded as high as $19.61 and last traded at $19.58. Approximately 23,681,720 shares were traded during trading, a decline of 67% from the average daily volume of 70,737,781 shares. The stock had previously closed at $19.29.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on INTC shares. Cantor Fitzgerald reiterated a “neutral” rating and issued a $22.00 target price on shares of Intel in a research note on Friday, January 31st. Stifel Nicolaus decreased their price target on Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Truist Financial dropped 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. Rosenblatt Securities reiterated a “sell” rating and set a $20.00 target price on shares of Intel in a research report on Thursday, January 30th. Finally, Bank of America reiterated an “underperform” rating and issued a $21.00 price objective on shares of Intel in a report on Tuesday, December 3rd. Five research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $26.60.

Intel Trading Up 1.5 %

The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The company’s 50 day simple moving average is $20.58 and its 200-day simple moving average is $22.14. The firm has a market cap of $84.47 billion, a P/E ratio of -4.47, a P/E/G ratio of 9.49 and a beta of 1.08.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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, research analysts predict that Intel Co. will post 0.19 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the transaction, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.04% of the company’s stock.

Hedge Funds Weigh In On Intel

Hedge funds and other institutional investors have recently bought and sold shares of the business. Finley Financial LLC purchased a new position in shares of Intel during the 4th quarter valued at approximately $25,000. BankPlus Trust Department purchased a new stake in Intel in the 4th quarter worth $28,000. Keystone Financial Group Inc. purchased a new position in Intel during the fourth quarter valued at $29,000. Quest Partners LLC lifted its stake in Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after buying an additional 1,253 shares in the last quarter. Finally, West Financial Advisors LLC acquired a new stake in Intel in the 4th quarter worth about $31,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

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.