Intel (NASDAQ:INTC) Trading Up 3.1% – Time to Buy?

Intel Co. (NASDAQ:INTC) shares rose 3.1% on Friday . The stock traded as high as $20.62 and last traded at $20.60. Approximately 17,713,259 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 79,363,648 shares. The stock had previously closed at $19.98.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Cfra Research raised shares of Intel to a “hold” rating in a research report on Friday, April 25th. Morgan Stanley reduced their target price on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, April 25th. Sanford C. Bernstein lowered their price target on Intel from $25.00 to $21.00 and set a “market perform” rating for the company in a report on Tuesday, April 22nd. UBS Group reduced their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, April 25th. Finally, Barclays reiterated a “reduce” rating on shares of Intel in a research note on Tuesday, April 22nd. Six equities research 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $22.23.

Intel Stock Up 3.2 %

The firm has a market capitalization of $89.92 billion, a P/E ratio of -4.71 and a beta of 1.13. The firm’s fifty day moving average price is $21.47 and its 200-day moving average price is $21.77. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.12. The company had revenue of $12.67 billion for the quarter, compared to the consensus estimate of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.18 EPS. As a group, equities research analysts forecast that Intel Co. will post -0.11 earnings per share for the current year.

Hedge Funds Weigh In On Intel

Several hedge funds have recently made changes to their positions in INTC. Finley Financial LLC bought a new position in shares of Intel in the fourth quarter valued at $25,000. Synergy Investment Management LLC acquired a new stake in shares of Intel during the fourth quarter worth $27,000. Vermillion Wealth Management Inc. purchased a new stake in shares of Intel during the fourth quarter valued at $27,000. BankPlus Trust Department acquired a new position in shares of Intel in the 4th quarter valued at $28,000. Finally, Keystone Financial Group Inc. purchased a new position in Intel in the 4th quarter worth about $29,000. 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.