Intel (NASDAQ:INTC) Stock Price Up 1.3% - Should You Buy?

Intel Co. (NASDAQ:INTC - Get Free Report) shares shot up 1.3% on Wednesday . The company traded as high as $21.50 and last traded at $21.55. 12,007,712 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 80,399,385 shares. The stock had previously closed at $21.27.

Analyst Ratings Changes

A number of brokerages recently weighed in on INTC. Truist Financial reduced their price target on shares of Intel from $22.00 to $21.00 and set a "hold" rating for the company in a research report on Friday, January 31st. Barclays reissued a "reduce" rating on shares of Intel in a research report on Tuesday, April 22nd. HSBC raised shares of Intel from a "reduce" rating to a "hold" rating in a research report on Tuesday, January 21st. Citigroup reissued a "sell" rating on shares of Intel in a research report on Friday, April 25th. Finally, Cfra Research raised shares of Intel to a "hold" rating in a research report on Friday, April 25th. Six analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $21.57.

Intel Stock Down 0.9%

The firm's 50-day moving average price is $21.36 and its 200-day moving average price is $21.66. The company has a market cap of $91.92 billion, a price-to-earnings ratio of -4.85 and a beta of 1.15. 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 announced its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.12. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The company had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. During the same period last year, the business earned $0.18 EPS. The firm's revenue for the quarter was down .4% compared to the same quarter last year. Sell-side analysts forecast that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Institutional Trading of Intel

Several large investors have recently modified their holdings of INTC. Freestone Grove Partners LP bought a new position in shares of Intel during the 4th quarter worth about $62,654,000. Rheos Capital Works Inc. grew its position in shares of Intel by 12.1% during the 4th quarter. Rheos Capital Works Inc. now owns 277,000 shares of the chip maker's stock worth $5,554,000 after buying an additional 30,000 shares during the period. Clifford Swan Investment Counsel LLC grew its position in shares of Intel by 1.9% during the 4th quarter. Clifford Swan Investment Counsel LLC now owns 819,532 shares of the chip maker's stock worth $16,432,000 after buying an additional 15,214 shares during the period. Toronto Dominion Bank grew its position in shares of Intel by 286.8% during the 4th quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock worth $211,114,000 after buying an additional 7,806,882 shares during the period. Finally, Accel Wealth Management boosted its stake in Intel by 109.8% during the 4th quarter. Accel Wealth Management now owns 50,454 shares of the chip maker's stock worth $1,012,000 after acquiring an additional 26,411 shares during the last quarter. 64.53% of the stock is owned by institutional investors.

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.

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