Intel (NASDAQ:INTC) Trading Up 1.1% – Should You Buy?

Intel Co. (NASDAQ:INTC)’s share price traded up 1.1% during trading on Thursday . The stock traded as high as $20.43 and last traded at $20.27. 11,593,224 shares changed hands during trading, a decline of 81% from the average session volume of 61,639,930 shares. The stock had previously closed at $20.05.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on INTC shares. TD Cowen raised Intel to a “hold” rating in a research report on Monday, September 16th. Benchmark reiterated a “hold” rating on shares of Intel in a research note on Friday, November 1st. Stifel Nicolaus reissued a “hold” rating and set a $25.00 price objective (down previously from $28.00) on shares of Intel in a report on Friday, October 25th. Mizuho raised their price target on shares of Intel from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, Bank of America reissued an “underperform” rating and set a $21.00 price objective on shares of Intel in a 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, Intel currently has a consensus rating of “Hold” and a consensus price target of $30.04.

Intel Price Performance

The firm has a fifty day moving average of $22.32 and a 200 day moving average of $24.13. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $88.68 billion, a P/E ratio of -5.53 and a beta of 1.05.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS 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 the consensus estimate of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The business’s revenue was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.28 earnings per share. On average, equities research analysts anticipate that Intel Co. will post -0.87 EPS for the current year.

Insider Transactions at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the 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 transaction, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.04% of the company’s stock.

Institutional Investors Weigh In On Intel

Several hedge funds and other institutional investors have recently made changes to their positions in INTC. America First Investment Advisors LLC bought a new position in shares of Intel during the 2nd quarter worth $25,000. Cyrus J. Lawrence LLC acquired a new stake in shares of Intel in the second quarter worth $27,000. Quest Partners LLC lifted its holdings in shares of Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after buying an additional 1,253 shares during the period. Groupama Asset Managment raised its position in Intel by 6.3% during the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock valued at $32,000 after acquiring an additional 8,084 shares in the last quarter. Finally, FSA Wealth Management LLC purchased a new stake in Intel during the third quarter worth $34,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

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.