Intel (NASDAQ:INTC) Stock Price Up 3.6% - Still a Buy?

Intel Co. (NASDAQ:INTC - Get Free Report)'s stock price rose 3.6% on Monday . The stock traded as high as $20.85 and last traded at $20.87. Approximately 28,658,973 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 83,437,214 shares. The stock had previously closed at $20.14.

Wall Street Analysts Forecast Growth

INTC has been the topic of several research analyst reports. JPMorgan Chase & Co. reduced their price objective on Intel from $23.00 to $20.00 and set an "underweight" rating on the stock in a research note on Friday, April 25th. Susquehanna reduced their price objective on Intel from $24.00 to $22.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Sanford C. Bernstein reduced their price objective on Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. Wedbush dropped their target price on Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Finally, Barclays reaffirmed a "reduce" rating on shares of Intel in a research note 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 issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $21.57.

Intel Price Performance

The firm has a market capitalization of $90.36 billion, a PE ratio of -4.73 and a beta of 1.12. The business has a 50-day moving average of $20.43 and a 200 day moving average of $21.12. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.12. The firm had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The business's revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.18 EPS. As a group, research analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal year.

Institutional Trading of Intel

A number of institutional investors have recently added to or reduced their stakes in INTC. N.E.W. Advisory Services LLC purchased a new stake in Intel during the 1st quarter worth about $25,000. HFM Investment Advisors LLC purchased a new stake in Intel during the 1st quarter worth about $25,000. Synergy Investment Management LLC purchased a new stake in Intel during the 4th quarter worth about $27,000. Vermillion Wealth Management Inc. purchased a new stake in Intel during the 4th quarter worth about $27,000. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new stake in Intel during the 1st quarter worth about $27,000. Hedge funds and other 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.

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