Intel (NASDAQ:INTC) Stock Price Up 1.4% – Time to Buy?

Intel Co. (NASDAQ:INTC)’s share price shot up 1.4% during mid-day trading on Wednesday . The company traded as high as $19.50 and last traded at $19.46. 14,235,057 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 52,198,063 shares. The stock had previously closed at $19.20.

Analyst Ratings Changes

A number of research firms recently issued reports on INTC. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a report on Friday, November 1st. Northland Securities cut their price target on Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Truist Financial lifted their price target on Intel from $25.00 to $26.00 and gave the company a “hold” rating in a report on Friday, November 1st. Mizuho cut their price target on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Finally, The Goldman Sachs Group cut their price target on Intel from $22.00 to $21.00 and set a “sell” rating for the company in a report on Thursday, October 17th. Six research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $29.96.

Intel Trading Up 0.4 %

The business has a 50 day moving average of $21.89 and a 200-day moving average of $23.49. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $83.11 billion, a P/E ratio of -5.18 and a beta of 1.07.

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

Insider Buying and Selling

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

Hedge Funds Weigh In On Intel

Large investors have recently bought and sold shares of the company. Cyrus J. Lawrence LLC acquired a new position in Intel during the 2nd quarter worth approximately $27,000. Quest Partners LLC boosted its position in Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after acquiring an additional 1,253 shares during the last quarter. FSA Wealth Management LLC acquired a new position in Intel during the 3rd quarter worth approximately $34,000. Capital Performance Advisors LLP acquired a new stake in shares of Intel in the 3rd quarter valued at approximately $36,000. Finally, West Financial Advisors LLC acquired a new stake in shares of Intel in the 4th quarter valued at approximately $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.