Intel (NASDAQ:INTC) Stock Price Up 1.2% – Still a Buy?

Intel Co. (NASDAQ:INTC) was up 1.2% during mid-day trading on Wednesday . The stock traded as high as $20.40 and last traded at $20.05. Approximately 49,642,742 shares were traded during trading, a decline of 19% from the average daily volume of 61,639,930 shares. The stock had previously closed at $19.82.

Analysts Set New Price Targets

INTC has been the subject of several recent research reports. Benchmark reissued a “hold” rating on shares of Intel in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Intel from $27.00 to $25.00 and set a “hold” rating for the company in a report on Thursday, October 3rd. Northland Securities lowered their price target on shares of Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research note on Friday, November 1st. Finally, Truist Financial raised their target price on shares of Intel from $25.00 to $26.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Six analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $30.04.

Intel Price Performance

The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The firm has a market cap of $87.21 billion, a PE ratio of -5.44 and a beta of 1.05. The stock has a 50 day simple moving average of $22.36 and a two-hundred day simple moving average of $24.21.

Intel (NASDAQ:INTC) last announced its quarterly earnings results 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). The company had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The company’s revenue was down 6.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.28 earnings per share. Sell-side analysts expect that Intel Co. will post -0.87 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the transaction, the executive vice president now owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. This represents a 8.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.04% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Pzena Investment Management LLC raised its position in shares of Intel by 19.5% during the 2nd quarter. Pzena Investment Management LLC now owns 12,789 shares of the chip maker’s stock worth $396,000 after purchasing an additional 2,084 shares during the last quarter. FineMark National Bank & Trust raised its holdings in shares of Intel by 23.0% during the second quarter. FineMark National Bank & Trust now owns 14,906 shares of the chip maker’s stock valued at $462,000 after acquiring an additional 2,789 shares during the last quarter. TD Asset Management Inc lifted its position in shares of Intel by 2.9% in the second quarter. TD Asset Management Inc now owns 2,164,825 shares of the chip maker’s stock valued at $67,045,000 after acquiring an additional 61,267 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its stake in shares of Intel by 3.9% in the second quarter. Deseret Mutual Benefit Administrators now owns 18,136 shares of the chip maker’s stock worth $562,000 after acquiring an additional 689 shares during the last quarter. Finally, Foster & Motley Inc. increased its position in shares of Intel by 7.9% during the second quarter. Foster & Motley Inc. now owns 6,851 shares of the chip maker’s stock worth $212,000 after purchasing an additional 500 shares in 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.