Intel (NASDAQ:INTC) Shares Up 6.3% – Still a Buy?

Shares of Intel Corporation (NASDAQ:INTC) were up 6.3% during mid-day trading on Tuesday . The company traded as high as $22.38 and last traded at $22.54. Approximately 34,143,091 shares changed hands during trading, a decline of 59% from the average daily volume of 84,243,356 shares. The stock had previously closed at $21.19.

Analyst Ratings Changes

A number of research analysts recently weighed in on INTC shares. Susquehanna dropped their price target on Intel from $24.00 to $22.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 16th. UBS Group lowered their price objective on shares of Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, April 25th. Wedbush reduced their price objective on shares of Intel from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, April 23rd. Mizuho lowered their target price 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. Finally, Bank of America upgraded Intel from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $19.00 to $25.00 in a research note on Thursday, March 13th. Six analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $21.57.

Intel Stock Up 6.2%

The company has a market cap of $98.12 billion, a PE ratio of -5.01 and a beta of 1.12. The stock has a 50-day moving average of $20.55 and a 200-day moving average of $21.07. The company has a quick ratio of 0.93, a current ratio of 1.31 and a debt-to-equity ratio of 0.42.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.12. The firm had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter last year, the company posted $0.18 EPS. Sell-side analysts predict that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Freestone Grove Partners LP bought a new position in shares of Intel during the 4th quarter valued at about $62,654,000. Clifford Swan Investment Counsel LLC grew its position in Intel by 1.9% during the fourth quarter. Clifford Swan Investment Counsel LLC now owns 819,532 shares of the chip maker’s stock valued at $16,432,000 after acquiring an additional 15,214 shares during the last quarter. Toronto Dominion Bank raised its stake in shares of Intel by 286.8% during the fourth quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker’s stock worth $211,114,000 after acquiring an additional 7,806,882 shares in the last quarter. 180 Wealth Advisors LLC boosted its stake in shares of Intel by 124.9% in the 1st quarter. 180 Wealth Advisors LLC now owns 127,916 shares of the chip maker’s stock valued at $2,905,000 after purchasing an additional 71,049 shares in the last quarter. Finally, Alteri Wealth LLC bought a new position in shares of Intel during the 4th quarter valued at $2,379,000. 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.