Intel (NASDAQ:INTC) Sees Unusually-High Trading Volume – Time to Buy?

Intel Co. (NASDAQ:INTC) saw an uptick in trading volume on Thursday . 95,222,885 shares changed hands during trading, an increase of 24% from the previous session’s volume of 77,046,070 shares.The stock last traded at $24.32 and had previously closed at $22.48.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on INTC. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research note on Friday, January 31st. Northland Securities cut their target price on Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Rosenblatt Securities reissued a “sell” rating and set a $20.00 target price on shares of Intel in a research note on Thursday, January 30th. Citigroup lowered their price target on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Finally, Benchmark restated a “hold” rating on shares of Intel in a report on Friday, January 31st. Five analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $26.60.

Intel Stock Down 2.2 %

The firm has a 50 day moving average price of $20.33 and a two-hundred day moving average price of $21.68. 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 company has a market capitalization of $102.19 billion, a price-to-earnings ratio of -5.39 and a beta of 1.08.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) 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%. As a group, sell-side analysts expect that Intel Co. will post -0.11 earnings per share for the current year.

Hedge Funds Weigh In On Intel

A number of hedge funds and other institutional investors have recently bought and sold shares of INTC. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its holdings in shares of Intel by 9.5% during the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 70,855 shares of the chip maker’s stock valued at $1,662,000 after buying an additional 6,132 shares during the last quarter. Cornerstone Wealth Management LLC raised its holdings in Intel by 20.1% during the third quarter. Cornerstone Wealth Management LLC now owns 49,897 shares of the chip maker’s stock worth $1,171,000 after purchasing an additional 8,336 shares in the last quarter. Hengehold Capital Management LLC raised its holdings in Intel by 24.3% during the third quarter. Hengehold Capital Management LLC now owns 9,366 shares of the chip maker’s stock worth $220,000 after purchasing an additional 1,830 shares in the last quarter. Naviter Wealth LLC raised its holdings in Intel by 36.1% during the third quarter. Naviter Wealth LLC now owns 55,598 shares of the chip maker’s stock worth $1,304,000 after purchasing an additional 14,758 shares in the last quarter. Finally, Good Life Advisors LLC raised its holdings in Intel by 77.7% during the third quarter. Good Life Advisors LLC now owns 32,554 shares of the chip maker’s stock worth $764,000 after purchasing an additional 14,234 shares in the last quarter. 64.53% of the stock is currently 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.