Intel (NASDAQ:INTC) Trading Up 3% – Still a Buy?

Intel Co. (NASDAQ:INTC)’s stock price traded up 3% during mid-day trading on Wednesday . The stock traded as high as $22.10 and last traded at $21.60. 70,758,608 shares were traded during trading, a decline of 4% from the average session volume of 73,674,516 shares. The stock had previously closed at $20.97.

Analyst Ratings Changes

INTC has been the topic of a number of research analyst reports. Needham & Company LLC reissued a “hold” rating on shares of Intel in a report on Friday, January 31st. Roth Mkm decreased their target price on Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Truist Financial cut their price target on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Northland Securities decreased their price objective on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, Benchmark reissued a “hold” rating on shares of Intel in a report on Friday, January 31st. Five 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $26.60.

Intel Price Performance

The firm has a 50-day simple moving average of $20.20 and a 200-day simple moving average of $21.70. The firm has a market cap of $96.32 billion, a P/E ratio of -5.08 and a beta of 1.08. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing the consensus estimate 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, analysts forecast that Intel Co. will post -0.11 EPS for the current year.

Institutional Investors Weigh In On Intel

Large investors have recently modified their holdings of the business. Quest Partners LLC lifted its stake in shares of Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after buying an additional 1,253 shares during the period. Finley Financial LLC acquired a new stake in Intel during the 4th quarter worth about $25,000. Synergy Investment Management LLC purchased a new stake in Intel during the 4th quarter valued at about $27,000. BankPlus Trust Department acquired a new position in shares of Intel in the fourth quarter valued at about $28,000. Finally, Keystone Financial Group Inc. acquired a new position in shares of Intel in the fourth quarter valued at about $29,000. 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.