Intel (NASDAQ:INTC) Trading Up 0.5% - Time to Buy?

Intel Co. (NASDAQ:INTC - Get Free Report)'s share price was up 0.5% during trading on Thursday . The stock traded as high as $20.35 and last traded at $20.20. Approximately 17,295,706 shares traded hands during trading, a decline of 78% from the average daily volume of 79,317,084 shares. The stock had previously closed at $20.10.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on INTC. Bank of America raised Intel from an "underperform" rating to a "neutral" rating and boosted their target price for the company from $19.00 to $25.00 in a research note on Thursday, March 13th. Sanford C. Bernstein lowered their target price on Intel from $25.00 to $21.00 and set a "market perform" rating for the company in a research note on Tuesday, April 22nd. Rosenblatt Securities cut their price target on shares of Intel from $18.00 to $14.00 and set a "sell" rating on the stock in a research note on Friday, April 25th. Needham & Company LLC reissued a "hold" rating on shares of Intel in a research report on Friday, April 25th. Finally, Citigroup reaffirmed a "sell" rating on shares of Intel in a research note on Friday, April 25th. Six equities research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Intel presently has a consensus rating of "Hold" and a consensus price target of $22.23.

Intel Trading Down 1.6 %

The stock has a market cap of $86.98 billion, a price-to-earnings ratio of -4.55 and a beta of 1.15. The business has a 50-day simple moving average of $21.35 and a two-hundred day simple moving average of $21.73. 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 - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.12. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The business had revenue of $12.67 billion for the quarter, compared to analysts' expectations of $12.26 billion. During the same quarter in the prior year, the business earned $0.18 EPS. The firm's revenue for the quarter was down .4% on a year-over-year basis. Equities analysts forecast that Intel Co. will post -0.11 EPS for the current fiscal year.

Institutional Trading of Intel

Hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. grew its holdings in Intel by 4.4% in the 3rd quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker's stock valued at $113,244,000 after buying an additional 204,200 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Intel by 6.0% in the 4th quarter. Nordea Investment Management AB now owns 349,657 shares of the chip maker's stock valued at $7,028,000 after purchasing an additional 19,895 shares during the period. Neville Rodie & Shaw Inc. boosted its holdings in Intel by 23.9% in the 4th quarter. Neville Rodie & Shaw Inc. now owns 67,910 shares of the chip maker's stock valued at $1,361,000 after purchasing an additional 13,095 shares during the period. Diversified Trust Co grew its position in shares of Intel by 1.8% during the 4th quarter. Diversified Trust Co now owns 83,791 shares of the chip maker's stock worth $1,680,000 after purchasing an additional 1,445 shares in the last quarter. Finally, InvesTrust bought a new position in shares of Intel during the fourth quarter worth approximately $3,696,000. Institutional investors own 64.53% of the company's stock.

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.