Intel (NASDAQ:INTC) Shares Up 2.2% - Time to Buy?

Shares of Intel Corporation (NASDAQ:INTC - Get Free Report) traded up 2.2% during trading on Friday . The stock traded as high as $23.59 and last traded at $23.31. 23,168,612 shares were traded during trading, a decline of 73% from the average session volume of 86,063,740 shares. The stock had previously closed at $22.80.

Analysts Set New Price Targets

INTC has been the topic of several research analyst reports. Sanford C. Bernstein lowered their price target on shares of Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. Seaport Res Ptn raised Intel to a "strong sell" rating in a report on Wednesday, April 30th. Wedbush decreased their price objective on Intel from $20.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Wells Fargo & Company lowered their price objective on Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. Finally, Citigroup reiterated a "hold" rating on shares of Intel in a research report on Tuesday, July 8th. Five equities research analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $21.95.

Intel Stock Up 2.1%

The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.31. The firm's 50 day moving average price is $21.53 and its two-hundred day moving average price is $21.38. The company has a market cap of $101.57 billion, a P/E ratio of -5.20 and a beta of 1.15.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.12. Intel had a negative net margin of 36.19% and a negative return on equity of 3.15%. The business had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. During the same quarter in the previous year, the business posted $0.18 EPS. Intel's quarterly revenue was down .4% on a year-over-year basis. Equities research analysts anticipate that Intel Corporation will post -0.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Intel

Hedge funds and other institutional investors have recently bought and sold shares of the business. First Pacific Financial increased its stake in shares of Intel by 111.8% during the second quarter. First Pacific Financial now owns 1,557 shares of the chip maker's stock valued at $35,000 after buying an additional 822 shares during the period. Trust Co. of Vermont grew its holdings in shares of Intel by 1.4% during the 2nd quarter. Trust Co. of Vermont now owns 46,302 shares of the chip maker's stock worth $1,037,000 after acquiring an additional 659 shares during the period. Forza Wealth Management LLC raised its position in shares of Intel by 53.3% in the 2nd quarter. Forza Wealth Management LLC now owns 20,102 shares of the chip maker's stock worth $450,000 after acquiring an additional 6,987 shares in the last quarter. PFG Investments LLC boosted its position in shares of Intel by 2.3% during the second quarter. PFG Investments LLC now owns 121,682 shares of the chip maker's stock valued at $2,726,000 after purchasing an additional 2,749 shares in the last quarter. Finally, LBP AM SA boosted its position in shares of Intel by 1.8% during the second quarter. LBP AM SA now owns 734,813 shares of the chip maker's stock valued at $16,460,000 after purchasing an additional 13,248 shares in the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.