Intel (NASDAQ:INTC) Stock Price Up 0.3% – Time to Buy?

Shares of Intel Co. (NASDAQ:INTC) shot up 0.3% during trading on Tuesday . The company traded as high as $24.75 and last traded at $24.29. 21,661,788 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 102,023,195 shares. The stock had previously closed at $24.22.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Wells Fargo & Company cut their price target on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Truist Financial reduced their price target on shares of Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Barclays decreased their price target on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a report on Friday, January 31st. Finally, Mizuho lowered their target price on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Four research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $27.04.

Intel Trading Down 0.2 %

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 has a market cap of $104.66 billion, a PE ratio of -5.52 and a beta of 1.02. The stock has a 50-day simple moving average of $22.05 and a two-hundred day simple moving average of $22.04.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. As a group, sell-side analysts anticipate that Intel Co. will post -0.11 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of INTC. Finley Financial LLC bought a new stake in shares of Intel during the 4th quarter valued at $25,000. Synergy Investment Management LLC bought a new position in shares of Intel in the fourth quarter worth about $27,000. Vermillion Wealth Management Inc. bought a new position in shares of Intel in the fourth quarter worth about $27,000. BankPlus Trust Department purchased a new position in shares of Intel during the 4th quarter valued at about $28,000. Finally, Keystone Financial Group Inc. bought a new position in Intel in the 4th quarter worth $29,000. 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.