Intel (NASDAQ:INTC) Trading 6.5% Higher – Time to Buy?

Intel Co. (NASDAQ:INTC)’s share price was up 6.5% during mid-day trading on Friday . The stock 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. Stifel Nicolaus reissued a “hold” rating and issued a $25.00 target price (down from $28.00) on shares of Intel in a research report on Friday, October 25th. Truist Financial increased their target price on shares of Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Rosenblatt Securities reaffirmed a “sell” rating and issued a $17.00 price target on shares of Intel in a research report on Tuesday, October 29th. Robert W. Baird upped their price target on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Finally, Citigroup reduced their target price on 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 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 a consensus price target of $28.81.

Intel Price Performance

The company has a 50-day moving average of $21.37 and a 200 day moving average of $23.12. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The firm has a market cap of $92.63 billion, a P/E ratio of -5.77, a P/E/G ratio of 9.59 and a beta of 1.07.

Intel (NASDAQ:INTC) last issued its quarterly earnings data 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). The company had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The firm’s revenue was down 6.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.28 earnings per share. On average, sell-side analysts anticipate that Intel Co. will post -0.87 EPS for the current year.

Insider Buying and Selling at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the transaction, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. The trade was a 8.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.04% of the company’s stock.

Institutional Investors Weigh In On Intel

Hedge funds and other institutional investors have recently made changes to their positions in the company. Finley Financial LLC bought a new stake in shares of Intel during the 4th quarter valued at $25,000. Quest Partners LLC increased its holdings in Intel by 7,370.6% in 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 last quarter. West Financial Advisors LLC acquired a new position in Intel in the fourth quarter valued at about $31,000. Groupama Asset Managment boosted its holdings 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 buying an additional 8,084 shares during the last quarter. Finally, Sawyer & Company Inc acquired a new position in Intel during the fourth quarter valued at approximately $32,000. 64.53% of the stock is 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.