Intel (NASDAQ:INTC) Stock Price Up 1.6% – Time to Buy?

Intel Co. (NASDAQ:INTC) was up 1.6% during mid-day trading on Thursday . The stock traded as high as $24.26 and last traded at $23.90. Approximately 32,233,312 shares traded hands during trading, a decline of 66% from the average daily volume of 94,980,453 shares. The stock had previously closed at $23.52.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Rosenblatt Securities reissued a “sell” rating and issued a $20.00 price objective on shares of Intel in a report on Thursday, January 30th. UBS Group lowered their price target on Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. JPMorgan Chase & Co. cut their price objective on shares of Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. Barclays decreased their target price on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Finally, Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Five 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 stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $26.88.

Intel Price Performance

The stock’s fifty day moving average price is $21.21 and its 200-day moving average price is $21.78. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The firm has a market cap of $102.80 billion, a price-to-earnings ratio of -5.42 and a beta of 1.08.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) 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%. Equities research analysts predict that Intel Co. will post -0.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Intel

A number of institutional investors have recently bought and sold shares of the business. Finley Financial LLC purchased a new stake in shares of Intel in the fourth quarter worth approximately $25,000. Synergy Investment Management LLC acquired a new position in Intel in the 4th quarter valued at approximately $27,000. Vermillion Wealth Management Inc. purchased a new stake in Intel in the 4th quarter worth approximately $27,000. BankPlus Trust Department acquired a new stake in shares of Intel during the 4th quarter valued at $28,000. Finally, Keystone Financial Group Inc. purchased a new position in shares of Intel during the 4th quarter valued at $29,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

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.