Intel (NASDAQ:INTC) Shares Up 3.8% – Time to Buy?

Intel Co. (NASDAQ:INTC)’s stock price traded up 3.8% during trading on Thursday . The company traded as high as $26.02 and last traded at $25.99. 22,968,135 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 59,600,457 shares. The stock had previously closed at $25.05.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on INTC. Deutsche Bank Aktiengesellschaft lowered their price target on Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a report on Thursday, October 3rd. Bank of America lowered Intel from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $35.00 to $23.00 in a report on Friday, August 2nd. StockNews.com cut Intel from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Raymond James lowered shares of Intel from an “outperform” rating to a “market perform” rating in a research report on Friday, August 2nd. Finally, HSBC downgraded shares of Intel from a “hold” rating to a “reduce” rating in a research report on Friday, August 2nd. Six equities research 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $30.12.

Intel Trading Up 5.2 %

The business has a 50 day simple moving average of $22.01 and a two-hundred day simple moving average of $26.72. 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 company has a market cap of $113.69 billion, a PE ratio of -6.99 and a beta of 1.03.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The company had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. Intel’s revenue was down 6.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.28 earnings per share. On average, analysts forecast that Intel Co. will post -0.47 EPS for the current fiscal year.

Institutional Trading of Intel

Institutional investors have recently added to or reduced their stakes in the business. America First Investment Advisors LLC bought a new stake in shares of Intel in the second quarter worth $25,000. Cyrus J. Lawrence LLC acquired a new stake in Intel in the second quarter worth approximately $27,000. Spartan Fund Management Inc. bought a new position in shares of Intel during the 2nd quarter valued at about $31,000. Financial Connections Group Inc. acquired a new position in shares of Intel in the 2nd quarter worth approximately $32,000. Finally, Triad Wealth Partners LLC bought a new stake in shares of Intel in the 2nd quarter worth approximately $33,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

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.