Intel (NASDAQ:INTC) Trading 1.5% Higher – Should You Buy?

Intel Co. (NASDAQ:INTC) shares shot up 1.5% during mid-day trading on Wednesday . The stock traded as high as $19.61 and last traded at $19.58. 23,681,720 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 70,737,781 shares. The stock had previously closed at $19.29.

Analyst Ratings Changes

INTC has been the topic of a number of research analyst reports. Rosenblatt Securities restated a “sell” rating and set a $20.00 price objective on shares of Intel in a report on Thursday, January 30th. Bank of America restated an “underperform” rating and issued a $21.00 target price on shares of Intel in a research note on Tuesday, December 3rd. Northland Securities cut their price objective on shares of Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Benchmark restated a “hold” rating on shares of Intel in a report on Friday, January 31st. Finally, Roth Mkm lowered their price target on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Intel has a consensus rating of “Hold” and a consensus price target of $26.60.

Intel Price Performance

The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The firm has a market cap of $84.47 billion, a P/E ratio of -4.47, a price-to-earnings-growth ratio of 9.49 and a beta of 1.08. The business has a 50-day moving average of $20.58 and a two-hundred day moving average of $22.14.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. On average, sell-side analysts anticipate that Intel Co. will post 0.19 earnings per share for the current fiscal year.

Insider Activity at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was 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. This trade represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.04% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Intel

Several institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC increased its holdings in shares of Intel by 4.6% during the third quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock valued at $2,162,891,000 after acquiring an additional 4,103,553 shares in the last quarter. Relyea Zuckerberg Hanson LLC increased its stake in Intel by 211.6% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker’s stock valued at $579,000 after purchasing an additional 19,625 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Intel by 4.4% during the third quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker’s stock worth $113,244,000 after buying an additional 204,200 shares during the last quarter. Empirical Asset Management LLC bought a new position in shares of Intel in the fourth quarter valued at $276,000. Finally, Swiss National Bank grew its holdings in shares of Intel by 0.3% during the third quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker’s stock valued at $296,426,000 after buying an additional 31,800 shares during the last quarter. Institutional investors and hedge funds 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.