Intel (NASDAQ:INTC) Stock Price Up 0.5% – Time to Buy?

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

Analyst Upgrades and Downgrades

INTC has been the subject of several recent research reports. Stifel Nicolaus cut their price target on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Citigroup dropped their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Truist Financial dropped their price objective on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Barclays dropped their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. dropped their price objective on Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a research note on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $27.04.

Intel Stock Performance

The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The firm has a fifty day moving average price of $21.95 and a two-hundred day moving average price of $21.99. The stock has a market capitalization of $105.05 billion, a PE ratio of -5.54 and a beta of 1.02.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Research analysts expect that Intel Co. will post -0.11 EPS for the current year.

Institutional Investors Weigh In On Intel

Several hedge funds and other institutional investors have recently modified their holdings of INTC. Finley Financial LLC purchased a new stake in shares of Intel in the fourth quarter worth approximately $25,000. Synergy Investment Management LLC purchased a new position in Intel during the 4th quarter worth $27,000. Vermillion Wealth Management Inc. purchased a new position in Intel during the 4th quarter worth $27,000. BankPlus Trust Department purchased a new position in Intel during the 4th quarter worth $28,000. Finally, Keystone Financial Group Inc. purchased a new position in Intel during the 4th quarter worth $29,000. 64.53% of the stock is currently 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.