Intel (NASDAQ:INTC) Trading 1.2% Higher - Should You Buy?

Key Points

• Intel's stock price rose by 1.2%, closing at $19.54, but trading volume dropped significantly to 18 million shares, down 81% from the average.
• Analysts have mixed ratings on Intel, with 24 holds, 6 sells, and a lowered price target from $20.00 to $19.00 by Wedbush.
• For the last quarter, Intel reported a loss of ($0.10) earnings per share against an expected profit, although revenue exceeded estimates at $12.86 billion.

Intel Corporation (NASDAQ:INTC - Get Free Report) traded up 1.2% during mid-day trading on Monday . The stock traded as high as $19.59 and last traded at $19.54. 18,004,125 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 93,193,094 shares. The stock had previously closed at $19.31.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Wedbush reduced their price objective on Intel from $20.00 to $19.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. Barclays restated a "reduce" rating on shares of Intel in a research note on Tuesday, April 22nd. Benchmark restated a "hold" rating on shares of Intel in a research note on Friday, July 25th. Rosenblatt Securities restated a "sell" rating and issued a $14.00 price target on shares of Intel in a research note on Friday, July 25th. Finally, Stifel Nicolaus lifted their target price on Intel from $21.00 to $24.50 and gave the stock a "hold" rating in a research report on Monday, July 21st. Six investment analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $22.17.

Intel Price Performance

The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.24. The stock has a market capitalization of $85.37 billion, a price-to-earnings ratio of -4.08 and a beta of 1.22. The company has a 50-day moving average of $21.58 and a 200-day moving average of $21.54.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.11). The business had revenue of $12.86 billion during the quarter, compared to analyst estimates of $11.88 billion. Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The company's revenue was up .5% on a year-over-year basis. During the same quarter last year, the firm posted $0.02 earnings per share. As a group, equities research analysts expect that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Freestone Grove Partners LP purchased a new stake in shares of Intel during the 4th quarter valued at $62,654,000. Toronto Dominion Bank grew its stake 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 valued at $211,114,000 after buying an additional 7,806,882 shares during the period. 180 Wealth Advisors LLC grew its stake in shares of Intel by 124.9% during the 1st quarter. 180 Wealth Advisors LLC now owns 127,916 shares of the chip maker's stock valued at $2,905,000 after buying an additional 71,049 shares during the period. Alteri Wealth LLC purchased a new stake in shares of Intel during the 4th quarter valued at $2,379,000. Finally, Gordian Capital Singapore Pte Ltd grew its stake in shares of Intel by 120.7% during the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 64,000 shares of the chip maker's stock valued at $1,282,000 after buying an additional 35,000 shares during the period. 64.53% of the stock is currently owned by institutional investors and hedge funds.

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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