Intel (NASDAQ:INTC) Shares Up 0.8% – Time to Buy?

Intel Co. (NASDAQ:INTC) traded up 0.8% on Monday . The company traded as high as $20.59 and last traded at $20.51. 16,842,954 shares changed hands during trading, a decline of 73% from the average session volume of 61,459,129 shares. The stock had previously closed at $20.34.

Wall Street Analysts Forecast Growth

INTC has been the subject of a number of recent research reports. The Goldman Sachs Group dropped 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. TD Cowen raised shares of Intel to a “hold” rating in a research note on Monday, September 16th. Northland Securities decreased their target price on shares of Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Robert W. Baird upped their price target on shares of Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Finally, Truist Financial lifted their price objective on Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Six analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $30.04.

Intel Stock Performance

The company has a market cap of $89.84 billion, a P/E ratio of -5.51 and a beta of 1.05. 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 business’s 50 day simple moving average is $23.12 and its 200 day simple moving average is $25.15.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) EPS 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 business had revenue of $13.30 billion during the quarter, compared to analysts’ expectations of $13.02 billion. During the same quarter in the previous year, the firm earned $0.28 earnings per share. Intel’s revenue was down 6.3% on a year-over-year basis. Sell-side analysts predict that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the sale, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.04% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. America First Investment Advisors LLC purchased a new position in shares of Intel during the second quarter valued at approximately $25,000. Cyrus J. Lawrence LLC bought a new stake in shares of Intel during the second quarter valued at approximately $27,000. Quest Partners LLC boosted its holdings in shares of Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares during the period. Spartan Fund Management Inc. bought a new position in Intel in the second quarter worth approximately $31,000. Finally, Financial Connections Group Inc. purchased a new position in Intel during the 2nd quarter worth $32,000. 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.