Intel (NASDAQ:INTC) Stock Price Up 1.1% - Still a Buy?

Intel Co. (NASDAQ:INTC - Get Free Report)'s share price shot up 1.1% on Thursday . The company traded as high as $20.43 and last traded at $20.27. 11,593,224 shares were traded during trading, a decline of 81% from the average session volume of 61,639,930 shares. The stock had previously closed at $20.05.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on INTC. Needham & Company LLC restated a "hold" rating on shares of Intel in a report on Friday, November 1st. Stifel Nicolaus restated a "hold" rating and set a $25.00 target price (down previously from $28.00) on shares of Intel in a report on Friday, October 25th. Northland Securities cut their price target on shares of Intel from $42.00 to $28.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. TD Cowen raised shares of Intel to a "hold" rating in a research report on Monday, September 16th. Finally, Benchmark reaffirmed a "hold" rating on shares of Intel in a research report on Friday, November 1st. Six analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $30.04.

Intel Stock Performance

The company has a market cap of $87.21 billion, a PE ratio of -5.44 and a beta of 1.05. 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 business's 50 day moving average is $22.36 and its two-hundred day moving average is $24.21.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The business had revenue of $13.30 billion during the quarter, compared to analysts' expectations of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. Intel's revenue was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.28 earnings per share. On average, equities research analysts anticipate that Intel Co. will post -0.87 EPS for the current year.

Insider Transactions at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the sale, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.04% of the company's stock.

Institutional Trading of Intel

Large investors have recently added to or reduced their stakes in the company. Allegheny Financial Group LTD increased its holdings in shares of Intel by 22.4% in the 2nd quarter. Allegheny Financial Group LTD now owns 9,542 shares of the chip maker's stock worth $295,000 after buying an additional 1,745 shares during the last quarter. Legacy Capital Wealth Partners LLC purchased a new stake in Intel during the 2nd quarter valued at $355,000. Naviter Wealth LLC lifted its position in Intel by 22.5% in the second quarter. Naviter Wealth LLC now owns 40,840 shares of the chip maker's stock worth $1,265,000 after buying an additional 7,504 shares during the last quarter. Octavia Wealth Advisors LLC boosted its stake in Intel by 21.0% during the second quarter. Octavia Wealth Advisors LLC now owns 9,750 shares of the chip maker's stock worth $302,000 after buying an additional 1,691 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its stake in shares of Intel by 1.2% in the second quarter. Oregon Public Employees Retirement Fund now owns 365,734 shares of the chip maker's stock valued at $11,327,000 after acquiring an additional 4,348 shares during the period. Institutional investors 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.