Intel (NASDAQ:INTC) Trading Up 2.2% – Still a Buy?

Intel Co. (NASDAQ:INTC) shares were up 2.2% on Tuesday . The company traded as high as $20.34 and last traded at $20.31. Approximately 19,212,525 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 48,367,406 shares. The stock had previously closed at $19.87.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Robert W. Baird upped their price objective on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Truist Financial lifted their price objective on Intel from $25.00 to $26.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Northland Securities dropped their target price on shares of Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research report on Friday, November 1st. Finally, Bank of America reaffirmed an “underperform” rating and set a $21.00 price target on shares of Intel in a research report on Tuesday, December 3rd. 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 data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $30.04.

Intel Price Performance

The business has a fifty day moving average of $22.15 and a 200-day moving average of $23.86. 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 capitalization of $85.74 billion, a P/E ratio of -5.34 and a beta of 1.07.

Intel (NASDAQ:INTC) last issued 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). The company had revenue of $13.30 billion during the quarter, compared to analyst estimates 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 revenue was down 6.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.28 earnings per share. On average, sell-side analysts forecast that Intel Co. will post -0.87 EPS for the current fiscal year.

Insider Activity

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the 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 completion of the sale, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. This represents a 8.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.04% of the company’s stock.

Institutional Trading of Intel

A number of institutional investors have recently added to or reduced their stakes in INTC. InvesTrust acquired a new stake in Intel in the 4th quarter worth approximately $3,696,000. Diversified Trust Co grew its stake in Intel by 1.8% in the 4th quarter. Diversified Trust Co now owns 83,791 shares of the chip maker’s stock valued at $1,680,000 after buying an additional 1,445 shares during the last quarter. Neville Rodie & Shaw Inc. raised its holdings in Intel by 23.9% in the 4th quarter. Neville Rodie & Shaw Inc. now owns 67,910 shares of the chip maker’s stock worth $1,361,000 after acquiring an additional 13,095 shares during the period. Nordea Investment Management AB lifted its position in Intel by 6.0% during the 4th quarter. Nordea Investment Management AB now owns 349,657 shares of the chip maker’s stock worth $7,028,000 after acquiring an additional 19,895 shares during the last quarter. Finally, General Partner Inc. grew its position in shares of Intel by 6.5% in the fourth quarter. General Partner Inc. now owns 12,366 shares of the chip maker’s stock valued at $248,000 after purchasing an additional 750 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.