Intel (NASDAQ:INTC) Trading Up 1.3% – Time to Buy?

Intel Co. (NASDAQ:INTC)’s share price was up 1.3% during mid-day trading on Tuesday . The company traded as high as $26.41 and last traded at $26.01. Approximately 48,046,892 shares changed hands during trading, a decline of 32% from the average daily volume of 70,942,317 shares. The stock had previously closed at $25.69.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on INTC shares. Stifel Nicolaus cut their target price on shares of Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Roth Mkm cut their target price on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Cantor Fitzgerald upped their target price on shares of Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, February 18th. Citigroup lowered their price target on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Finally, Bank of America raised Intel from an “underperform” rating to a “neutral” rating and upped their price target for the company from $19.00 to $25.00 in a research note on Thursday, March 13th. Four research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $27.04.

Intel Stock Down 6.9 %

The company has a market capitalization of $104.44 billion, a P/E ratio of -5.51 and a beta of 1.02. The firm’s 50 day moving average price is $21.77 and its two-hundred day moving average price is $21.95. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

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

Institutional Investors Weigh In On Intel

Several hedge funds have recently added to or reduced their stakes in the business. 111 Capital acquired a new stake in Intel during the 4th quarter valued at $855,000. PKO Investment Management Joint Stock Co acquired a new stake in Intel during the 4th quarter valued at $1,865,000. QSM Asset Management Ltd acquired a new stake in Intel during the 4th quarter valued at $7,011,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Intel during the 4th quarter valued at $70,850,000. Finally, Yoffe Investment Management LLC acquired a new stake in Intel during the 4th quarter valued at $357,000. Institutional investors and hedge funds 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.