Intel (NASDAQ:INTC) Trading 2% Higher – Time to Buy?

Intel Co. (NASDAQ:INTC)’s stock price traded up 2% on Monday . The company traded as high as $20.11 and last traded at $19.92. 15,443,044 shares traded hands during trading, a decline of 75% from the average session volume of 61,777,574 shares. The stock had previously closed at $19.52.

Analyst Ratings Changes

INTC has been the topic of a number of research reports. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a report on Friday, November 1st. Mizuho lifted their target price on Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Stifel Nicolaus restated a “hold” rating and set a $25.00 price target (down previously from $28.00) on shares of Intel in a report on Friday, October 25th. Robert W. Baird lifted their price objective on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Finally, The Goldman Sachs Group lowered their target price on Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research report on Thursday, October 17th. Six equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Intel has a consensus rating of “Hold” and an average price target of $30.04.

Intel Stock Up 1.0 %

The company has a market cap of $87.99 billion, a P/E ratio of -5.48 and a beta of 1.05. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The business’s fifty day moving average is $22.67 and its two-hundred day moving average is $24.63.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.44). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The company had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. During the same period in the prior year, the firm posted $0.28 EPS. The business’s revenue was down 6.3% on a year-over-year basis. Equities analysts predict that Intel Co. will post -0.87 EPS for the current year.

Insiders Place Their Bets

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the transaction, the executive vice president now owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.04% of the company’s stock.

Hedge Funds Weigh In On Intel

A number of hedge funds and other institutional investors have recently modified their holdings of the business. America First Investment Advisors LLC purchased a new stake in Intel during the second quarter worth $25,000. Cyrus J. Lawrence LLC bought a new position in shares of Intel in the 2nd quarter worth $27,000. Quest Partners LLC lifted its stake in shares of Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after purchasing an additional 1,253 shares during the last quarter. Spartan Fund Management Inc. bought a new stake in Intel during the second quarter valued at about $31,000. Finally, Groupama Asset Managment grew its stake in Intel by 6.3% in the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock valued at $32,000 after purchasing an additional 8,084 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

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.