Intel (NASDAQ:INTC) Trading Up 0.5% – Should You Buy?

Intel Co. (NASDAQ:INTC) rose 0.5% during mid-day trading on Friday . The company traded as high as $24.32 and last traded at $23.82. Approximately 46,766,591 shares were traded during trading, a decline of 54% from the average daily volume of 101,185,391 shares. The stock had previously closed at $23.70.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on INTC. JPMorgan Chase & Co. dropped their target price on shares of Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a report on Friday, January 31st. Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. UBS Group dropped their target price on shares of Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Truist Financial dropped their target price on shares of Intel from $22.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Finally, Benchmark reiterated a “hold” rating on shares of Intel in a report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $27.04.

Intel Trading Up 1.5 %

The stock has a market capitalization of $104.21 billion, a PE ratio of -5.50 and a beta of 1.02. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The business’s 50-day moving average is $21.38 and its two-hundred day moving average is $21.81.

Intel (NASDAQ:INTC) last announced 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 35.32% and a negative return on equity of 3.27%. On average, analysts anticipate that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Intel

Institutional investors and hedge funds have recently bought and sold shares of the stock. PKO Investment Management Joint Stock Co acquired a new position in Intel in the fourth quarter valued at $1,865,000. QSM Asset Management Ltd acquired a new position in Intel in the fourth quarter valued at $7,011,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Intel in the fourth quarter valued at $70,850,000. Yoffe Investment Management LLC acquired a new position in Intel in the fourth quarter valued at $357,000. Finally, Lakeshore Capital Group Inc. acquired a new position in Intel in the fourth quarter valued at $230,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

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.