Intel (NASDAQ:INTC) Stock Price Up 0.9% – Still a Buy?

Intel Co. (NASDAQ:INTC) was up 0.9% during trading on Thursday . The company traded as high as $21.13 and last traded at $21.00. Approximately 36,424,522 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 98,506,250 shares. The stock had previously closed at $20.81.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Stifel Nicolaus decreased their target price on shares of Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Roth Mkm decreased their price objective on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. HSBC raised Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Wells Fargo & Company decreased their price target on Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Finally, Needham & Company LLC reissued a “hold” rating on shares of Intel in a research note on Friday, January 31st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $26.88.

Intel Trading Down 0.5 %

The business’s 50-day simple moving average is $21.30 and its 200-day simple moving average is $21.80. The company has a market cap of $89.37 billion, a price-to-earnings ratio of -4.71 and a beta of 1.02. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) 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 predict that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Institutional Trading of Intel

Large investors have recently made changes to their positions in the stock. QSM Asset Management Ltd acquired a new stake in shares of Intel during the 4th quarter worth about $7,011,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Intel during the fourth quarter worth approximately $70,850,000. Yoffe Investment Management LLC acquired a new stake in Intel during the fourth quarter worth approximately $357,000. Lakeshore Capital Group Inc. purchased a new stake in Intel in the 4th quarter worth approximately $230,000. Finally, Ameriflex Group Inc. acquired a new position in Intel in the 4th quarter valued at $139,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

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.