Intel (NASDAQ:INTC) Trading Up 0.4% – Still a Buy?

Intel Co. (NASDAQ:INTC)’s stock price shot up 0.4% during mid-day trading on Friday . The stock traded as high as $20.55 and last traded at $20.30. 14,168,730 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 28,826,855 shares. The stock had previously closed at $20.22.

Wall Street Analyst Weigh In

INTC has been the subject of a number of recent research reports. Benchmark reiterated a “hold” rating on shares of Intel in a research report on Friday, November 1st. Northland Securities reduced their price objective on shares of Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Intel from $27.00 to $25.00 and set a “hold” rating for the company in a research note on Thursday, October 3rd. Stifel Nicolaus restated a “hold” rating and set a $25.00 price objective (down previously from $28.00) on shares of Intel in a report on Friday, October 25th. Finally, Truist Financial lifted their price objective on Intel from $25.00 to $26.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Six equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Intel has a consensus rating of “Hold” and an average price target of $30.04.

Intel Trading Up 1.7 %

The business’s 50-day moving average price is $22.32 and its 200 day moving average price is $24.13. The firm has a market capitalization of $88.68 billion, a price-to-earnings ratio of -5.53 and a beta of 1.07. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The firm had revenue of $13.30 billion during the quarter, compared to analysts’ expectations of $13.02 billion. During the same period in the previous year, the company earned $0.28 earnings per share. The business’s quarterly revenue was down 6.3% on a year-over-year basis. On average, equities analysts forecast that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Insider Buying and Selling at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value 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. The trade was a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.04% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Intel

Hedge funds and other institutional investors have recently modified their holdings of the stock. Dunhill Financial LLC increased its holdings in Intel by 22.6% in the third quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock valued at $56,000 after buying an additional 438 shares during the last quarter. MKT Advisors LLC increased its holdings in shares of Intel by 4.8% in the 3rd quarter. MKT Advisors LLC now owns 10,762 shares of the chip maker’s stock valued at $241,000 after acquiring an additional 490 shares during the last quarter. Foster & Motley Inc. raised its position in shares of Intel by 7.9% during the 2nd quarter. Foster & Motley Inc. now owns 6,851 shares of the chip maker’s stock valued at $212,000 after acquiring an additional 500 shares in the last quarter. Beaton Management Co. Inc. lifted its stake in Intel by 2.2% during the third quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock worth $544,000 after purchasing an additional 500 shares during the last quarter. Finally, Everpar Advisors LLC boosted its holdings in Intel by 5.1% in the third quarter. Everpar Advisors LLC now owns 10,326 shares of the chip maker’s stock worth $242,000 after purchasing an additional 504 shares during the period. Institutional investors 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.