Intel (NASDAQ:INTC) Stock Price Up 1.8% - Should You Buy?

Shares of Intel Co. (NASDAQ:INTC - Get Free Report) rose 1.8% during mid-day trading on Friday . The company traded as high as $20.44 and last traded at $20.34. Approximately 16,361,316 shares were traded during trading, a decline of 80% from the average daily volume of 81,444,796 shares. The stock had previously closed at $19.99.

Analysts Set New Price Targets

INTC has been the subject of a number of recent analyst reports. Rosenblatt Securities decreased their price target on shares of Intel from $18.00 to $14.00 and set a "sell" rating for the company in a report on Friday, April 25th. UBS Group decreased their price target on shares of Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Wells Fargo & Company decreased their price target on shares of Intel from $25.00 to $22.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. Benchmark restated a "hold" rating on shares of Intel in a report on Friday, April 25th. Finally, Susquehanna reduced their target price on shares of Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. 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 company. According to data from MarketBeat, Intel currently has a consensus rating of "Hold" and a consensus target price of $21.57.

Intel Price Performance

The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The stock has a market cap of $87.50 billion, a price-to-earnings ratio of -4.58 and a beta of 1.15. The company's 50-day moving average is $20.39 and its 200-day moving average is $21.28.

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 (EPS) 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 firm had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. During the same quarter in the prior year, the business posted $0.18 earnings per share. The company's quarterly revenue was down .4% compared to the same quarter last year. Equities research analysts expect that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Institutional Trading of Intel

Hedge funds have recently modified their holdings of the company. HFM Investment Advisors LLC acquired a new stake in shares of Intel during the first quarter worth approximately $25,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Intel during the first quarter worth approximately $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Intel during the first quarter worth approximately $27,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of Intel during the first quarter worth approximately $30,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in shares of Intel during the fourth quarter worth approximately $27,000. Institutional investors and hedge funds 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.