Intel (NASDAQ:INTC) Trading 2.1% Higher - Should You Buy?

Intel Co. (NASDAQ:INTC - Get Free Report) shares were up 2.1% during trading on Tuesday . The stock traded as high as $20.17 and last traded at $20.16. Approximately 26,157,833 shares traded hands during trading, a decline of 68% from the average daily volume of 81,115,135 shares. The stock had previously closed at $19.74.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. UBS Group reduced their price objective on shares of Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a research report on Friday, April 25th. Morgan Stanley decreased their price target on Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research note on Friday, April 25th. Benchmark reissued a "hold" rating on shares of Intel in a research note on Friday, April 25th. Finally, Sanford C. Bernstein reduced their target price on Intel from $25.00 to $21.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Six research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, Intel has a consensus rating of "Hold" and a consensus price target of $21.57.

Intel Stock 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 firm has a 50-day moving average of $20.43 and a 200 day moving average of $21.31. The stock has a market capitalization of $87.50 billion, a P/E ratio of -4.58 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, topping analysts' consensus estimates 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 analysts' expectations of $12.26 billion. During the same quarter last year, the company earned $0.18 earnings per share. The company's revenue for the quarter was down .4% compared to the same quarter last year. Research analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Intel during the fourth quarter worth about $1,246,569,000. Nuveen LLC bought a new stake in shares of Intel in the 1st quarter valued at about $538,430,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Intel by 99.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,829,385 shares of the chip maker's stock valued at $677,426,000 after purchasing an additional 14,901,457 shares during the period. Two Sigma Advisers LP acquired a new stake in Intel in the 4th quarter valued at about $289,752,000. Finally, Two Sigma Investments LP bought a new position in Intel during the fourth quarter worth about $237,457,000. 64.53% of the stock is currently owned by institutional investors.

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.