Intel (NASDAQ:INTC) Stock Price Up 0.5% – Still a Buy?

Intel Co. (NASDAQ:INTC) shares were up 0.5% during mid-day trading on Friday . The company traded as high as $24.19 and last traded at $24.08. Approximately 24,898,619 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 71,588,496 shares. The stock had previously closed at $23.96.

Analysts Set New Price Targets

Several analysts recently commented on INTC shares. Rosenblatt Securities reiterated a “sell” rating and issued a $20.00 price objective on shares of Intel in a research note on Thursday, January 30th. Citigroup decreased their price target on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Needham & Company LLC restated a “hold” rating on shares of Intel in a report on Friday, January 31st. UBS Group decreased their target price on Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Finally, Roth Mkm dropped their price target on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $27.04.

Intel Trading Up 2.4 %

The firm’s 50 day simple moving average is $21.85 and its 200-day simple moving average is $21.96. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $106.19 billion, a PE ratio of -5.60 and a beta of 1.02.

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

Institutional Investors Weigh In On Intel

A number of large investors have recently added to or reduced their stakes in INTC. Quest Partners LLC grew 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 valued at $30,000 after acquiring an additional 1,253 shares in the last quarter. Finley Financial LLC acquired a new stake in Intel during the 4th quarter valued at approximately $25,000. Vermillion Wealth Management Inc. purchased a new stake in Intel during the 4th quarter worth approximately $27,000. Synergy Investment Management LLC acquired a new position in shares of Intel in the 4th quarter valued at approximately $27,000. Finally, BankPlus Trust Department purchased a new position in shares of Intel during the 4th quarter valued at approximately $28,000. 64.53% of the stock is owned by institutional investors and hedge funds.

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.