Intel (NASDAQ:INTC) Trading Up 0.6% – Should You Buy?

Intel Co. (NASDAQ:INTC)’s share price shot up 0.6% on Wednesday . The stock traded as high as $20.08 and last traded at $19.93. 19,330,797 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 65,511,242 shares. The stock had previously closed at $19.80.

Analyst Ratings Changes

INTC has been the topic of a number of research reports. Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Stifel Nicolaus restated a “hold” rating and issued a $25.00 target price (down previously from $28.00) on shares of Intel in a research note on Friday, October 25th. Robert W. Baird lifted their price objective on shares of Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, November 1st. HSBC upgraded shares of Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a research note on Thursday, October 3rd. Five research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Intel presently has an average rating of “Hold” and a consensus target price of $27.88.

Intel Stock Down 0.2 %

The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The stock has a 50 day simple moving average of $21.06 and a 200-day simple moving average of $22.65. The firm has a market cap of $85.25 billion, a PE ratio of -5.29, a PEG ratio of 9.72 and a beta of 1.07.

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

Insider Activity 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 transaction of $650,000.00. Following the completion of the sale, the executive vice president now owns 273,258 shares of the company’s stock, valued at $7,104,708. The trade was a 8.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.04% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Quest Partners LLC boosted its position in shares of Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after purchasing an additional 1,253 shares during the period. Finley Financial LLC purchased a new stake in Intel in the 4th quarter worth $25,000. Keystone Financial Group Inc. bought a new stake in Intel during the fourth quarter valued at about $29,000. FSA Wealth Management LLC purchased a new position in shares of Intel in the third quarter valued at about $34,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Intel in the third quarter worth about $36,000. 64.53% of the stock is currently owned by institutional investors.

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.