Intel (NASDAQ:INTC) Trading 0.9% Higher – Should You Buy?

Intel Co. (NASDAQ:INTC) rose 0.9% during trading on Monday . The company traded as high as $19.73 and last traded at $19.60. Approximately 33,002,866 shares traded hands during trading, a decline of 54% from the average daily volume of 71,441,328 shares. The stock had previously closed at $19.43.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on INTC. HSBC upgraded Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Needham & Company LLC restated a “hold” rating on shares of Intel in a report on Friday. JPMorgan Chase & Co. cut their price objective on Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a report on Friday. Roth Mkm cut their price objective on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, The Goldman Sachs Group reduced their price target on Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research report on Thursday, October 17th. Five analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $26.60.

Intel Stock Down 0.3 %

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 has a 50-day simple moving average of $20.78 and a two-hundred day simple moving average of $22.34. The stock has a market capitalization of $83.59 billion, a P/E ratio of -4.42, a PEG ratio of 9.49 and a beta of 1.08.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Equities research analysts forecast that Intel Co. will post 0.19 earnings per share for the current fiscal year.

Insider Transactions at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction dated 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. This trade represents a 8.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.04% of the stock is owned by company insiders.

Institutional Trading of Intel

A number of hedge funds and other institutional investors have recently modified their holdings of INTC. Finley Financial LLC bought a new position in Intel in the 4th quarter valued at $25,000. Keystone Financial Group Inc. bought a new position in Intel in the fourth quarter valued at about $29,000. Quest Partners LLC increased its position in Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after purchasing an additional 1,253 shares during the period. West Financial Advisors LLC bought a new stake in Intel during the 4th quarter worth about $31,000. Finally, Groupama Asset Managment lifted its position in Intel by 6.3% during the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock valued at $32,000 after purchasing an additional 8,084 shares during the period. Institutional investors and hedge funds 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.