Intel (NASDAQ:INTC) Trading 2.3% Higher – Time to Buy?

Intel Co. (NASDAQ:INTC) was up 2.3% during mid-day trading on Tuesday . The company traded as high as $22.41 and last traded at $21.98. Approximately 36,527,825 shares changed hands during mid-day trading, a decline of 42% from the average daily volume of 62,949,797 shares. The stock had previously closed at $21.49.

Wall Street Analyst Weigh In

INTC has been the topic of a number of recent research reports. Benchmark reiterated a “hold” rating on shares of Intel in a research report on Friday, November 1st. Robert W. Baird upped their price target on shares of Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Truist Financial boosted their price objective on Intel from $25.00 to $26.00 and gave the company a “hold” rating in a report on Friday, November 1st. UBS Group decreased their price target on Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Citigroup cut their target price on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday. Five research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Intel presently has a consensus rating of “Hold” and a consensus target price of $28.81.

Intel Price Performance

The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The company’s 50 day moving average is $21.37 and its 200 day moving average is $23.12. The stock has a market cap of $93.03 billion, a price-to-earnings ratio of -5.80, a PEG ratio of 9.59 and a beta of 1.07.

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

Insider Activity

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the sale, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.04% of the company’s stock.

Institutional Trading of Intel

Institutional investors and hedge funds have recently made changes to their positions in the company. Quest Partners LLC lifted its holdings in shares of Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after acquiring an additional 1,253 shares in the last quarter. Finley Financial LLC acquired a new position in shares of Intel during the fourth quarter worth about $25,000. FSA Wealth Management LLC purchased a new stake in shares of Intel in the third quarter worth about $34,000. Capital Performance Advisors LLP acquired a new stake in shares of Intel in the third quarter valued at about $36,000. Finally, West Financial Advisors LLC acquired a new position in Intel during the 4th quarter worth approximately $31,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

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.