Intel (NASDAQ:INTC) Stock Price Up 3.6% – Still a Buy?

Intel Co. (NASDAQ:INTC) traded up 3.6% on Monday . The company traded as high as $20.85 and last traded at $20.87. 28,658,973 shares changed hands during trading, a decline of 66% from the average session volume of 83,437,214 shares. The stock had previously closed at $20.14.

Wall Street Analyst Weigh In

INTC has been the topic of a number of analyst reports. Susquehanna decreased 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. Benchmark reissued a “hold” rating on shares of Intel in a research note on Friday, April 25th. Cantor Fitzgerald dropped their price target on Intel from $29.00 to $20.00 and set a “neutral” rating on the stock in a research report on Monday, April 21st. 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 report on Thursday, March 13th. Finally, Wall Street Zen upgraded Intel from a “sell” rating to a “hold” rating in a research report on Saturday, May 24th. Six investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $21.57.

Intel Price Performance

The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The stock has a market cap of $90.36 billion, a price-to-earnings ratio of -4.73 and a beta of 1.12. The stock has a 50-day moving average price of $20.43 and a two-hundred day moving average price of $21.12.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.12. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The company had revenue of $12.67 billion during the quarter, compared to analysts’ expectations of $12.26 billion. During the same quarter in the previous year, the firm posted $0.18 EPS. The firm’s revenue was down .4% compared to the same quarter last year. As a group, equities research analysts forecast that Intel Co. will post -0.11 EPS for the current year.

Institutional Trading of Intel

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cornerstone Advisory LLC lifted its position in Intel by 4.3% during the 4th quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker’s stock worth $198,000 after acquiring an additional 409 shares during the period. Evergreen Capital Management LLC raised its stake in shares of Intel by 1.0% during the 4th quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker’s stock valued at $840,000 after buying an additional 419 shares during the last quarter. Federated Hermes Inc. raised its stake in shares of Intel by 0.3% during the 4th quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker’s stock valued at $3,263,000 after buying an additional 456 shares during the last quarter. Verdence Capital Advisors LLC raised its stake in shares of Intel by 1.1% during the 1st quarter. Verdence Capital Advisors LLC now owns 45,682 shares of the chip maker’s stock valued at $1,037,000 after buying an additional 486 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC raised its stake in shares of Intel by 23.1% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 2,614 shares of the chip maker’s stock valued at $59,000 after buying an additional 491 shares during the last quarter. Institutional investors and hedge funds 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.