Intel (NASDAQ:INTC) Trading Up 2% – Still a Buy?

Intel Co. (NASDAQ:INTC)’s stock price was up 2% during trading on Monday . The stock traded as high as $20.11 and last traded at $19.92. Approximately 15,443,044 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 61,777,574 shares. The stock had previously closed at $19.52.

Analyst Upgrades and Downgrades

INTC has been the subject of several analyst reports. Northland Securities reduced their price objective on Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Stifel Nicolaus reiterated a “hold” rating and set a $25.00 price target (down previously from $28.00) on shares of Intel in a research report on Friday, October 25th. Robert W. Baird raised their price target on Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Bank of America reaffirmed an “underperform” rating and issued a $21.00 price objective on shares of Intel in a report on Tuesday, December 3rd. Finally, Benchmark restated a “hold” rating on shares of Intel in a research report on Friday, November 1st. Six analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $30.04.

Intel Trading Up 3.2 %

The company has a market cap of $86.91 billion, a PE ratio of -5.42 and a beta of 1.05. 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 company has a 50 day simple moving average of $22.78 and a two-hundred day simple moving average of $24.82.

Intel (NASDAQ:INTC) last announced its quarterly earnings data 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 firm had revenue of $13.30 billion for the quarter, compared to analysts’ expectations of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. Intel’s revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.28 earnings per share. Sell-side analysts forecast that Intel Co. will post -0.87 EPS for the current year.

Insider Transactions at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.04% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. America First Investment Advisors LLC bought a new stake in Intel during the 2nd quarter valued at approximately $25,000. Cyrus J. Lawrence LLC bought a new stake in shares of Intel in the second quarter valued at approximately $27,000. Spartan Fund Management Inc. bought a new position in Intel during the second quarter worth $31,000. Financial Connections Group Inc. acquired a new position in Intel during the 2nd quarter valued at $32,000. Finally, Fairfield Financial Advisors LTD bought a new stake in Intel in the 2nd quarter valued at $35,000. Institutional investors and hedge funds 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.