Intel (NASDAQ:INTC) Stock Price Up 3.1% – Should You Buy?

Intel Co. (NASDAQ:INTC) traded up 3.1% during mid-day trading on Tuesday . The company traded as high as $23.34 and last traded at $23.22. 20,011,768 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 59,321,629 shares. The stock had previously closed at $22.52.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. UBS Group lowered their price target on Intel from $37.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Roth Mkm decreased their target price on Intel from $35.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Wedbush dropped their target price on Intel from $32.50 to $25.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Robert W. Baird increased their price target on shares of Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, HSBC lowered shares of Intel from a “hold” rating to a “reduce” rating in a research note on Friday, August 2nd. Six investment 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $30.12.

Intel Price Performance

The company has a market capitalization of $108.04 billion, a PE ratio of -6.73 and a beta of 1.03. The company’s 50-day simple moving average is $22.01 and its 200-day simple moving average is $26.72. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.44). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The company had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. During the same quarter last year, the firm earned $0.28 EPS. The business’s revenue was down 6.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Intel Co. will post -0.47 earnings per share for the current year.

Institutional Investors Weigh In On Intel

Large investors have recently modified their holdings of the stock. Accent Capital Management LLC increased its stake in Intel by 415.1% in the 3rd quarter. Accent Capital Management LLC now owns 9,529 shares of the chip maker’s stock valued at $224,000 after buying an additional 7,679 shares during the period. Frazier Financial Advisors LLC lifted its stake in shares of Intel by 1,097.8% in the 3rd quarter. Frazier Financial Advisors LLC now owns 5,570 shares of the chip maker’s stock worth $131,000 after acquiring an additional 5,105 shares during the period. Cassady Schiller Wealth Management LLC boosted its holdings in shares of Intel by 72.6% in the third quarter. Cassady Schiller Wealth Management LLC now owns 2,406 shares of the chip maker’s stock valued at $56,000 after acquiring an additional 1,012 shares in the last quarter. Beaton Management Co. Inc. raised its holdings in Intel by 2.2% during the third quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock worth $544,000 after purchasing an additional 500 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC lifted its position in Intel by 7.1% in the third quarter. Turtle Creek Wealth Advisors LLC now owns 13,404 shares of the chip maker’s stock valued at $314,000 after purchasing an additional 890 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

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.