Intel (NASDAQ:INTC) Trading 3.5% Higher – Time to Buy?

Intel Co. (NASDAQ:INTC) was up 3.5% on Monday . The stock traded as high as $20.08 and last traded at $19.77. Approximately 27,232,462 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 69,275,625 shares. The stock had previously closed at $19.10.

Analyst Ratings Changes

Several analysts have weighed in on the company. HSBC raised Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Stifel Nicolaus decreased their price objective on shares of Intel from $25.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research note on Friday, January 31st. Finally, Barclays decreased their target price on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Five research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Intel has an average rating of “Hold” and a consensus target price of $26.60.

Intel Price Performance

The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The stock has a market capitalization of $97.34 billion, a price-to-earnings ratio of -5.13 and a beta of 1.08. The company’s 50-day simple moving average is $20.20 and its 200-day simple moving average is $21.70.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. Research analysts forecast that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of INTC. Headlands Technologies LLC lifted its stake in Intel by 664.1% in the fourth quarter. Headlands Technologies LLC now owns 143,043 shares of the chip maker’s stock worth $2,868,000 after acquiring an additional 124,323 shares during the period. Geode Capital Management LLC increased its holdings in Intel by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker’s stock worth $1,909,761,000 after buying an additional 2,978,346 shares in the last quarter. StoneX Group Inc. boosted its position in Intel by 53.2% in the fourth quarter. StoneX Group Inc. now owns 17,209 shares of the chip maker’s stock worth $345,000 after purchasing an additional 5,977 shares during the last quarter. Summit Financial LLC raised its position in Intel by 8.3% in the fourth quarter. Summit Financial LLC now owns 52,902 shares of the chip maker’s stock worth $1,061,000 after acquiring an additional 4,055 shares during the period. Finally, Alliancebernstein L.P. raised its position in shares of Intel by 30.3% during the 4th quarter. Alliancebernstein L.P. now owns 8,804,632 shares of the chip maker’s stock valued at $176,533,000 after purchasing an additional 2,047,384 shares during the period. 64.53% of the stock is owned by institutional investors.

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.