Intel (NASDAQ:INTC) Trading Up 15% – Time to Buy?

Intel Co. (NASDAQ:INTC)’s stock price traded up 15% on Thursday . The company traded as high as $24.53 and last traded at $23.79. 129,260,778 shares were traded during mid-day trading, an increase of 30% from the average session volume of 99,782,109 shares. The stock had previously closed at $20.68.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut their price objective on shares of Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Truist Financial cut their price objective on shares of Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research report on Friday, January 31st. Roth Mkm cut their price objective on shares of Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Finally, Stifel Nicolaus cut their price objective on shares of Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $27.04.

Intel Stock Up 1.5 %

The firm has a market capitalization of $104.14 billion, a PE ratio of -5.49 and a beta of 1.02. The firm’s 50 day moving average price is $21.45 and its two-hundred day moving average price is $21.84. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing the consensus estimate 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 forecast that Intel Co. will post -0.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Finley Financial LLC bought a new position in Intel during the 4th quarter valued at $25,000. Synergy Investment Management LLC bought a new position in Intel during the 4th quarter valued at $27,000. Vermillion Wealth Management Inc. bought a new position in Intel during the 4th quarter valued at $27,000. BankPlus Trust Department bought a new position in Intel during the 4th quarter valued at $28,000. Finally, Keystone Financial Group Inc. bought a new position in Intel during the 4th quarter valued at $29,000. 64.53% of the stock is currently owned by institutional investors.

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.