Intel (NASDAQ:INTC) Stock Price Up 6.5% – Still a Buy?

Shares of Intel Co. (NASDAQ:INTC) rose 6.5% during trading on Friday . The company traded as high as $21.54 and last traded at $20.95. Approximately 74,572,966 shares were traded during trading, an increase of 32% from the average daily volume of 56,635,734 shares. The stock had previously closed at $19.67.

Analyst Upgrades and Downgrades

INTC has been the subject of several recent research reports. The Goldman Sachs Group lowered their price objective on Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research note on Thursday, October 17th. Benchmark reaffirmed a “hold” rating on shares of Intel in a research note on Friday, November 1st. Robert W. Baird boosted their price objective 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 restated a “sell” rating and issued a $17.00 price objective on shares of Intel in a report on Tuesday, October 29th. Finally, Bank of America reaffirmed an “underperform” rating and set a $21.00 target price on shares of Intel in a report on Tuesday, December 3rd. Six equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $29.88.

Intel Price Performance

The stock has a market capitalization of $91.80 billion, a P/E ratio of -5.71, a price-to-earnings-growth ratio of 8.53 and a beta of 1.07. The business has a fifty day simple moving average of $21.78 and a 200 day simple moving average of $23.47. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44.

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

Insider Transactions at Intel

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

Institutional Trading of Intel

Several hedge funds have recently added to or reduced their stakes in the stock. Finley Financial LLC purchased a new position in Intel in the fourth quarter valued at approximately $25,000. Cyrus J. Lawrence LLC bought a new position in shares of Intel during the 2nd quarter worth $27,000. Quest Partners LLC increased its holdings in Intel by 7,370.6% in 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. West Financial Advisors LLC bought a new stake in Intel in the 4th quarter valued at about $31,000. Finally, Groupama Asset Managment boosted its position in Intel by 6.3% during the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after purchasing an additional 8,084 shares during the period. Institutional investors own 64.53% of the company’s stock.

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.