Intel (NASDAQ:INTC) Trading 2.3% Higher - Should You Buy?

Shares of Intel Corporation (NASDAQ:INTC - Get Free Report) rose 2.3% during trading on Wednesday . The company traded as high as $21.36 and last traded at $21.27. Approximately 28,465,694 shares were traded during trading, a decline of 66% from the average daily volume of 83,647,484 shares. The stock had previously closed at $20.80.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Barclays restated a "reduce" rating on shares of Intel in a report on Tuesday, April 22nd. Cfra Research upgraded Intel to a "hold" rating in a research report on Friday, April 25th. Seaport Res Ptn raised shares of Intel to a "strong sell" rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. reduced their price objective on shares of Intel from $23.00 to $20.00 and set an "underweight" rating on the stock in a research note on Friday, April 25th. Finally, Benchmark reiterated a "hold" rating on shares of Intel in a research report on Friday, April 25th. Six equities 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. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $21.57.

Intel Stock Up 2.5%

The firm has a market capitalization of $92.98 billion, a P/E ratio of -4.79 and a beta of 1.12. The company has a 50 day simple moving average of $20.47 and a two-hundred day simple moving average of $21.10. The company has a current ratio of 1.31, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. The firm had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. Intel's quarterly revenue was down .4% compared to the same quarter last year. During the same period last year, the company earned $0.18 EPS. On average, equities analysts predict that Intel Corporation will post -0.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Intel

Several institutional investors and hedge funds have recently added to or reduced their stakes in INTC. Vanguard Group Inc. increased its position in shares of Intel by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 377,390,437 shares of the chip maker's stock worth $8,570,537,000 after purchasing an additional 8,291,233 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Intel by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker's stock valued at $1,909,761,000 after purchasing an additional 2,978,346 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Intel by 8.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,263,339 shares of the chip maker's stock worth $1,268,430,000 after acquiring an additional 4,793,927 shares during the period. Norges Bank purchased a new position in shares of Intel during the 4th quarter worth approximately $1,246,569,000. Finally, Northern Trust Corp grew its stake in shares of Intel by 0.3% during the 1st quarter. Northern Trust Corp now owns 45,969,843 shares of the chip maker's stock worth $1,043,975,000 after purchasing an additional 158,288 shares during the period. Hedge funds and other institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.