Intel (NASDAQ:INTC) Trading Up 0.5% – Should You Buy?

Intel Co. (NASDAQ:INTC) shares shot up 0.5% on Friday . The stock traded as high as $20.33 and last traded at $20.11. 45,512,562 shares were traded during trading, a decline of 35% from the average session volume of 69,929,914 shares. The stock had previously closed at $20.01.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on INTC. Benchmark reiterated a “hold” rating on shares of Intel in a research report on Friday. Roth Mkm cut their price objective on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday. Bank of America reiterated an “underperform” rating and issued a $21.00 target price on shares of Intel in a research report on Tuesday, December 3rd. UBS Group reduced their price target on shares of Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Finally, Stifel Nicolaus cut their target price on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research report on Friday. Five equities research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Intel currently has an average rating of “Hold” and a consensus target price of $26.60.

Intel Stock Down 1.8 %

The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. The firm’s fifty day moving average price is $20.88 and its 200-day moving average price is $22.62. The company has a market cap of $84.72 billion, a price-to-earnings ratio of -5.29, a price-to-earnings-growth ratio of 9.64 and a beta of 1.07.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. Sell-side analysts predict that Intel Co. will post -0.87 earnings per share for the current year.

Insider Transactions at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the transaction, the executive vice president now directly owns 273,258 shares in the company, valued at $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.04% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Intel

Several hedge funds have recently bought and sold shares of INTC. Sunbelt Securities Inc. increased its position in Intel by 180.4% during the second quarter. Sunbelt Securities Inc. now owns 3,379 shares of the chip maker’s stock worth $105,000 after acquiring an additional 2,174 shares during the period. Quarry LP bought a new position in shares of Intel during the second quarter worth approximately $81,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Intel in the second quarter valued at approximately $65,000. Sanctuary Advisors LLC acquired a new stake in Intel during the second quarter worth approximately $9,265,000. Finally, Newbridge Financial Services Group Inc. increased its stake in Intel by 71.0% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 4,642 shares of the chip maker’s stock worth $144,000 after acquiring an additional 1,928 shares during the period. 64.53% of the stock is currently owned by institutional investors and hedge funds.

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.