Intel (NASDAQ:INTC) Stock Price Up 0.4% – Time to Buy?

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on INTC. Bank of America restated an “underperform” rating and set a $21.00 target price on shares of Intel in a report on Tuesday, December 3rd. The Goldman Sachs Group cut their target price on shares of Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a research note on Thursday, October 17th. TD Cowen raised shares of Intel to a “hold” rating in a research report on Monday, September 16th. Robert W. Baird upped their price objective on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, Needham & Company LLC reissued a “hold” rating on shares of Intel in a research note on Friday, November 1st. Six analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $30.04.

Intel Trading Up 1.4 %

The company has a 50 day simple moving average of $22.36 and a 200 day simple moving average of $24.21. 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 capitalization of $88.42 billion, a PE ratio of -5.51 and a beta of 1.05.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The company had revenue of $13.30 billion for 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%. Intel’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.28 earnings per share. Analysts predict that Intel Co. will post -0.87 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 company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the transaction, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.04% of the company’s stock.

Institutional Investors Weigh In On Intel

A number of large investors have recently added to or reduced their stakes in the business. America First Investment Advisors LLC purchased a new position in Intel during the second quarter worth $25,000. Cyrus J. Lawrence LLC purchased a new stake in Intel during the 2nd quarter worth about $27,000. Quest Partners LLC raised its stake in Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares during the last quarter. Groupama Asset Managment lifted its holdings in Intel by 6.3% in 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 in the last quarter. Finally, FSA Wealth Management LLC acquired a new stake in shares of Intel during the 3rd quarter worth about $34,000. 64.53% of the stock is owned by institutional investors and hedge funds.

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.