Intel (NASDAQ:INTC) Stock Price Up 0.6% – Time to Buy?

Intel Co. (NASDAQ:INTC) shares were up 0.6% during mid-day trading on Wednesday . The stock traded as high as $20.08 and last traded at $19.93. Approximately 19,330,797 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 65,511,242 shares. The stock had previously closed at $19.80.

Analyst Upgrades and Downgrades

Several analysts have issued reports on INTC shares. Deutsche Bank Aktiengesellschaft dropped their price target on Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a research note on Thursday, October 3rd. Benchmark restated a “hold” rating on shares of Intel in a report on Friday. Northland Securities decreased their price objective on Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Roth Mkm decreased their price objective on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Friday. Finally, Rosenblatt Securities restated a “sell” rating and issued a $20.00 price objective on shares of Intel in a report on Thursday. Five investment analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Intel presently has a consensus rating of “Hold” and a consensus price target of $27.80.

Intel Price Performance

The company’s 50-day simple moving average is $20.88 and its 200-day simple moving average is $22.62. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The stock has a market capitalization of $85.63 billion, a price-to-earnings ratio of -5.33, a P/E/G ratio of 9.64 and a beta of 1.07.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. Research analysts forecast that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Insider Activity

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

Institutional Investors Weigh In On Intel

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Finley Financial LLC acquired a new position in Intel during the fourth quarter valued at approximately $25,000. Keystone Financial Group Inc. acquired a new position in Intel during the fourth quarter valued at approximately $29,000. Quest Partners LLC raised its position in 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 purchasing an additional 1,253 shares in the last quarter. West Financial Advisors LLC acquired a new position in Intel during the fourth quarter valued at approximately $31,000. Finally, Groupama Asset Managment raised its position in Intel by 6.3% during 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 in the last quarter. 64.53% of the stock is currently 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.