Intel (NASDAQ:INTC) Stock Price Up 1.7% – Time to Buy?

Shares of Intel Co. (NASDAQ:INTC) were up 1.7% during trading on Tuesday . The stock traded as high as $20.40 and last traded at $20.15. Approximately 15,667,047 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 61,499,074 shares. The stock had previously closed at $19.82.

Wall Street Analyst Weigh In

INTC has been the subject of a number of recent analyst reports. Bank of America reaffirmed an “underperform” rating and issued a $21.00 price objective on shares of Intel in a research report on Tuesday, December 3rd. Northland Securities reduced their target price on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. The Goldman Sachs Group decreased their target price on Intel from $22.00 to $21.00 and set a “sell” rating for the company in a report on Thursday, October 17th. TD Cowen raised shares of Intel to a “hold” rating in a research report on Monday, September 16th. Finally, Robert W. Baird lifted their target price on shares of Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Six analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $30.04.

Intel Stock Up 1.2 %

The firm has a market cap of $86.48 billion, a P/E ratio of -5.39 and a beta of 1.05. The firm’s 50-day moving average price is $22.40 and its 200 day moving average price is $24.24. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The business had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. During the same period last year, the company earned $0.28 earnings per share. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. As a group, research analysts expect that Intel Co. will post -0.87 earnings per share for the current year.

Insider Buying and Selling at Intel

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

Institutional Trading of Intel

Several institutional investors have recently made changes to their positions in INTC. Allegheny Financial Group LTD boosted its position in Intel by 22.4% during the second quarter. Allegheny Financial Group LTD now owns 9,542 shares of the chip maker’s stock valued at $295,000 after purchasing an additional 1,745 shares during the last quarter. Legacy Capital Wealth Partners LLC bought a new stake in Intel in the second quarter worth approximately $355,000. Naviter Wealth LLC lifted its stake in shares of Intel by 22.5% in the 2nd quarter. Naviter Wealth LLC now owns 40,840 shares of the chip maker’s stock valued at $1,265,000 after purchasing an additional 7,504 shares during the last quarter. Octavia Wealth Advisors LLC boosted its holdings in Intel by 21.0% in the second quarter. Octavia Wealth Advisors LLC now owns 9,750 shares of the chip maker’s stock worth $302,000 after purchasing an additional 1,691 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in Intel by 1.2% during the second quarter. Oregon Public Employees Retirement Fund now owns 365,734 shares of the chip maker’s stock worth $11,327,000 after buying an additional 4,348 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

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.