Intel (NASDAQ:INTC) Trading 2.9% Higher – Still a Buy?

Intel Co. (NASDAQ:INTC) traded up 2.9% during mid-day trading on Monday . The stock traded as high as $22.32 and last traded at $22.05. 28,362,292 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 79,818,974 shares. The stock had previously closed at $21.42.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Sanford C. Bernstein cut their price target on shares of Intel from $25.00 to $21.00 and set a “market perform” rating on the stock in a report on Tuesday, April 22nd. Susquehanna cut their price target on shares of Intel from $24.00 to $22.00 and set a “neutral” rating on the stock in a report on Wednesday, April 16th. Mizuho cut their price target on shares of Intel from $23.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday, April 25th. Morgan Stanley cut their price target on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, April 25th. Finally, Barclays restated a “reduce” rating on shares of Intel in a research note on Tuesday, April 22nd. Six analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $22.23.

Intel Stock Performance

The company has a market cap of $96.75 billion, a PE ratio of -5.06 and a beta of 1.15. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The firm’s 50 day moving average is $21.24 and its 200-day moving average is $21.70.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.12. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The firm had revenue of $12.67 billion during the quarter, compared to analysts’ expectations of $12.26 billion. During the same period last year, the business earned $0.18 earnings per share. Intel’s revenue was down .4% compared to the same quarter last year. On average, research analysts anticipate that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Institutional Trading of Intel

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Finley Financial LLC acquired a new position in Intel during the 4th quarter worth about $25,000. N.E.W. Advisory Services LLC purchased a new stake in Intel during the first quarter worth about $25,000. Synergy Investment Management LLC purchased a new stake in Intel during the fourth quarter worth about $27,000. Vermillion Wealth Management Inc. purchased a new stake in Intel during the fourth quarter worth about $27,000. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new stake in Intel during the first quarter worth about $27,000. 64.53% of the stock is currently owned by hedge funds and other 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.