Intel (NASDAQ:INTC) Trading 0.8% Higher – Still a Buy?

Intel Co. (NASDAQ:INTC)’s share price was up 0.8% on Monday . The company traded as high as $20.59 and last traded at $20.51. Approximately 16,842,954 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 61,459,129 shares. The stock had previously closed at $20.34.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on INTC. Stifel Nicolaus reaffirmed a “hold” rating and set a $25.00 price objective (down from $28.00) on shares of Intel in a report on Friday, October 25th. Northland Securities lowered their price target on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Truist Financial boosted their price objective on Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Daiwa America upgraded Intel to a “hold” rating in a research note on Monday, August 26th. Finally, Mizuho lifted their price target on Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Six analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Intel presently has an average rating of “Hold” and a consensus target price of $30.04.

Intel Trading Down 1.9 %

The company has a 50 day moving average of $23.03 and a 200 day moving average of $25.01. The firm has a market cap of $88.16 billion, a price-to-earnings ratio of -5.49 and a beta of 1.05. 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 issued its earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The firm had revenue of $13.30 billion during the quarter, compared to analyst estimates 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 for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.28 EPS. As a group, research analysts anticipate that Intel Co. will post -0.87 EPS for the current year.

Insiders Place Their Bets

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction on Thursday, November 7th. The stock was 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 approximately $7,104,708. The trade was a 8.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.04% of the company’s stock.

Institutional Trading of Intel

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Richard W. Paul & Associates LLC lifted its position in shares of Intel by 59.2% during the second quarter. Richard W. Paul & Associates LLC now owns 17,867 shares of the chip maker’s stock worth $553,000 after purchasing an additional 6,642 shares in the last quarter. 1620 Investment Advisors Inc. lifted its holdings in Intel by 6.3% during the 2nd quarter. 1620 Investment Advisors Inc. now owns 10,630 shares of the chip maker’s stock worth $329,000 after buying an additional 630 shares in the last quarter. Kiley Juergens Wealth Management LLC boosted its position in Intel by 13.9% in the 2nd quarter. Kiley Juergens Wealth Management LLC now owns 48,874 shares of the chip maker’s stock valued at $1,514,000 after buying an additional 5,963 shares during the last quarter. Plimoth Trust Co. LLC increased its stake in shares of Intel by 2.0% in the 2nd quarter. Plimoth Trust Co. LLC now owns 94,855 shares of the chip maker’s stock valued at $2,938,000 after buying an additional 1,860 shares during the period. Finally, SOL Capital Management CO raised its position in shares of Intel by 35.5% during the second quarter. SOL Capital Management CO now owns 89,008 shares of the chip maker’s stock worth $2,757,000 after acquiring an additional 23,307 shares during the last quarter. 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.