Intel (NASDAQ:INTC) Trading Up 1.5% – Time to Buy?

Intel Co. (NASDAQ:INTC) shot up 1.5% during trading on Wednesday . The stock traded as high as $19.61 and last traded at $19.58. 23,681,720 shares were traded during trading, a decline of 67% from the average session volume of 70,737,781 shares. The stock had previously closed at $19.29.

Analysts Set New Price Targets

INTC has been the topic of a number of research reports. The Goldman Sachs Group dropped their price objective on shares of Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a report on Thursday, October 17th. Robert W. Baird lifted their price target on shares of Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Rosenblatt Securities reaffirmed a “sell” rating and issued a $20.00 target price on shares of Intel in a report on Thursday, January 30th. Truist Financial cut their price target on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Finally, Bank of America reaffirmed an “underperform” rating and issued a $21.00 price objective on shares of Intel in a research note on Tuesday, December 3rd. Five equities research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Intel has an average rating of “Hold” and an average target price of $26.60.

Intel Trading Down 1.4 %

The company has a 50-day moving average price of $20.41 and a two-hundred day moving average price of $22.10. The stock has a market cap of $82.38 billion, a P/E ratio of -4.36, a P/E/G ratio of 9.49 and a beta of 1.08. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last posted 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%. On average, research analysts expect that Intel Co. will post 0.19 EPS for the current fiscal year.

Institutional Investors Weigh In On Intel

A number of institutional investors and hedge funds have recently modified their holdings of the business. Quest Partners LLC boosted its stake in shares of Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares during the period. Finley Financial LLC bought a new stake in Intel during the 4th quarter valued at about $25,000. Synergy Investment Management LLC purchased a new stake in Intel in the 4th quarter valued at about $27,000. BankPlus Trust Department bought a new position in Intel in the 4th quarter worth about $28,000. Finally, Keystone Financial Group Inc. purchased a new position in shares of Intel during the fourth quarter worth approximately $29,000. 64.53% of the stock is 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.