Intel (NASDAQ:INTC) Trading 0.8% Higher - Time to Buy?

Intel Co. (NASDAQ:INTC - Get Free Report) shares traded up 0.8% during trading on Tuesday . The stock traded as high as $20.85 and last traded at $20.68. 17,355,143 shares changed hands during trading, a decline of 78% from the average session volume of 79,283,955 shares. The stock had previously closed at $20.51.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on INTC shares. Needham & Company LLC reissued a "hold" rating on shares of Intel in a research report on Friday. Wells Fargo & Company dropped their target price on Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Friday. JPMorgan Chase & Co. reduced their price objective on Intel from $23.00 to $20.00 and set an "underweight" rating for the company in a report on Friday. Truist Financial decreased their price objective on Intel from $22.00 to $21.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. Finally, StockNews.com upgraded Intel from a "sell" rating to a "hold" rating in a report on Monday. Five research analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $22.23.

Intel Price Performance

The company has a 50 day moving average of $21.82 and a two-hundred day moving average of $21.83. The firm has a market cap of $89.59 billion, a P/E ratio of -4.69 and a beta of 1.13. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating 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 quarter last year, the firm posted $0.18 EPS. The business's revenue for the quarter was down .4% on a year-over-year basis. Sell-side analysts expect that Intel Co. will post -0.11 EPS for the current year.

Hedge Funds Weigh In On Intel

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Relyea Zuckerberg Hanson LLC increased its position in shares of Intel by 211.6% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker's stock worth $579,000 after acquiring an additional 19,625 shares in the last quarter. Principal Financial Group Inc. grew its position in Intel by 4.4% during the 3rd quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker's stock worth $113,244,000 after purchasing an additional 204,200 shares in the last quarter. Empirical Asset Management LLC acquired a new stake in Intel during the 4th quarter valued at $276,000. InvesTrust purchased a new stake in shares of Intel in the fourth quarter valued at $3,696,000. Finally, Rheos Capital Works Inc. boosted its position in shares of Intel by 12.1% in the fourth 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. 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.

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