Intel (NASDAQ:INTC) Shares Up 0.9% – Time to Buy?

Intel Co. (NASDAQ:INTC) shares rose 0.9% during trading on Tuesday . The stock traded as high as $20.39 and last traded at $19.74. Approximately 39,317,851 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 101,549,992 shares. The stock had previously closed at $19.57.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on INTC shares. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research report on Friday, January 31st. Citigroup reduced their price objective on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. 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. Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Finally, Wells Fargo & Company decreased their price objective on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $25.58.

Intel Trading Down 5.2 %

The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The stock has a market cap of $80.87 billion, a P/E ratio of -4.25 and a beta of 1.13. The business’s fifty day simple moving average is $22.34 and its 200 day simple moving average is $22.20.

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

Institutional Investors Weigh In On Intel

Several institutional investors have recently modified their holdings of INTC. Morse Asset Management Inc acquired a new position in Intel in the third quarter valued at about $354,000. EP Wealth Advisors LLC raised its position in shares of Intel by 4.1% in the 3rd quarter. EP Wealth Advisors LLC now owns 107,635 shares of the chip maker’s stock valued at $2,525,000 after acquiring an additional 4,256 shares during the period. Zacks Investment Management raised its position in shares of Intel by 19.5% in the 3rd quarter. Zacks Investment Management now owns 18,875 shares of the chip maker’s stock valued at $443,000 after acquiring an additional 3,079 shares during the period. MML Investors Services LLC boosted its stake in Intel by 3.7% during the 3rd quarter. MML Investors Services LLC now owns 304,166 shares of the chip maker’s stock worth $7,136,000 after acquiring an additional 10,848 shares during the last quarter. Finally, Groupama Asset Managment grew its holdings in Intel by 6.3% during the third 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.