Intel (NASDAQ:INTC) Trading Up 0.3% – Should You Buy?

Intel Co. (NASDAQ:INTC)’s stock price traded up 0.3% on Friday . The stock traded as high as $26.40 and last traded at $26.32. 25,460,857 shares were traded during trading, a decline of 57% from the average session volume of 59,787,820 shares. The stock had previously closed at $26.23.

Analysts Set New Price Targets

INTC has been the subject of a number of research reports. Roth Mkm decreased their price objective on Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. UBS Group lowered their price objective on shares of Intel from $37.00 to $32.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft cut their target price on shares of Intel from $27.00 to $25.00 and set a “hold” rating for the company in a research report on Thursday, October 3rd. Raymond James cut shares of Intel from an “outperform” rating to a “market perform” rating in a report on Friday, August 2nd. Finally, Mizuho increased their price objective on Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Six equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $30.12.

Intel Stock Down 1.3 %

The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. The stock has a market cap of $111.66 billion, a P/E ratio of -7.08 and a beta of 1.03. The firm’s fifty day moving average is $22.01 and its 200 day moving average is $26.72.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 1.71% and a negative net margin of 29.42%. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.28 earnings per share. As a group, equities research analysts forecast that Intel Co. will post -0.47 EPS for the current year.

Institutional Trading of Intel

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Norden Group LLC boosted its position in shares of Intel by 27.8% during the 1st quarter. Norden Group LLC now owns 14,412 shares of the chip maker’s stock valued at $637,000 after acquiring an additional 3,133 shares in the last quarter. Advisory Alpha LLC boosted its position in shares of Intel by 8.4% during the 1st quarter. Advisory Alpha LLC now owns 6,891 shares of the chip maker’s stock valued at $304,000 after acquiring an additional 533 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of Intel by 30.9% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 119,045 shares of the chip maker’s stock valued at $5,258,000 after acquiring an additional 28,125 shares in the last quarter. AIA Group Ltd acquired a new stake in shares of Intel during the 1st quarter valued at about $818,000. Finally, Hilltop National Bank acquired a new stake in shares of Intel during the 1st quarter valued at about $597,000. 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.