Intel (NASDAQ:INTC) Stock Price Up 0.2% – Time to Buy?

Shares of Intel Co. (NASDAQ:INTC) rose 0.2% during trading on Friday . The company traded as high as $21.69 and last traded at $21.60. Approximately 16,953,316 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 80,227,588 shares. The stock had previously closed at $21.55.

Analysts Set New Price Targets

INTC has been the subject of a number of recent analyst reports. Mizuho lowered their target price on shares of Intel from $23.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday, April 25th. Seaport Res Ptn upgraded shares of Intel to a “strong sell” rating in a research note on Wednesday, April 30th. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research note on Friday, April 25th. Cfra Research upgraded shares of Intel to a “hold” rating in a research note on Friday, April 25th. Finally, UBS Group lowered their target price on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, April 25th. Six equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $21.67.

Intel Stock 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 stock has a market capitalization of $94.48 billion, a PE ratio of -4.95 and a beta of 1.15. The firm’s fifty day moving average price is $21.40 and its two-hundred day moving average price is $21.68.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.12. The firm had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The business’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.18 EPS. As a group, equities research analysts forecast that Intel Co. will post -0.11 EPS for the current year.

Hedge Funds Weigh In On Intel

Several institutional investors have recently made changes to their positions in INTC. Norges Bank purchased a new position in shares of Intel during the 4th quarter valued at approximately $1,246,569,000. Nuveen LLC purchased a new stake in Intel in the 1st quarter worth $538,430,000. Price T Rowe Associates Inc. MD increased its holdings in Intel by 99.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,829,385 shares of the chip maker’s stock worth $677,426,000 after acquiring an additional 14,901,457 shares in the last quarter. Two Sigma Advisers LP purchased a new stake in Intel in the 4th quarter worth $289,752,000. Finally, Two Sigma Investments LP purchased a new stake in Intel in the 4th quarter worth $237,457,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

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.