Intel (NASDAQ:INTC) Trading 3.3% Higher – Should You Buy?

Intel Co. (NASDAQ:INTC) shares were up 3.3% during mid-day trading on Wednesday . The stock traded as high as $23.76 and last traded at $23.75. Approximately 19,259,756 shares changed hands during trading, a decline of 80% from the average daily volume of 95,447,617 shares. The stock had previously closed at $22.99.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Northland Securities lowered their price objective on shares of Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. JPMorgan Chase & Co. dropped their target price on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. Barclays lowered their price target on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. HSBC upgraded Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Finally, Cantor Fitzgerald lifted their price objective on Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. Five research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $26.88.

Intel Price Performance

The business’s 50 day moving average price is $20.96 and its 200 day moving average price is $21.73. 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 stock has a market capitalization of $102.03 billion, a P/E ratio of -5.38 and a beta of 1.08.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Lakeshore Capital Group Inc. bought a new position in shares of Intel during the 4th quarter valued at about $230,000. Ameriflex Group Inc. bought a new stake in Intel in the fourth quarter worth $139,000. Putney Financial Group LLC bought a new position in shares of Intel in the 4th quarter valued at about $62,000. Vermillion Wealth Management Inc. purchased a new position in shares of Intel in the 4th quarter worth approximately $27,000. Finally, Forum Financial Management LP increased its position in Intel by 11.3% during the fourth quarter. Forum Financial Management LP now owns 81,899 shares of the chip maker’s stock valued at $1,642,000 after acquiring an additional 8,289 shares during the last quarter. Hedge funds and other institutional investors 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.