Intel (NASDAQ:INTC) Stock Price Up 3.8% - Time to Buy?

Shares of Intel Co. (NASDAQ:INTC - Get Free Report) were up 3.8% on Monday . The company traded as high as $20.96 and last traded at $20.82. Approximately 30,853,416 shares traded hands during trading, a decline of 62% from the average daily volume of 81,856,203 shares. The stock had previously closed at $20.06.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on INTC. Wedbush cut their price objective on shares of Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Morgan Stanley cut their target price on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research note on Friday, April 25th. JPMorgan Chase & Co. cut their price objective on Intel from $23.00 to $20.00 and set an "underweight" rating for the company in a research report on Friday, April 25th. UBS Group decreased their price objective on Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Finally, Cantor Fitzgerald reduced their price target on shares of Intel from $29.00 to $20.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. Six analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $21.57.

Intel Stock Performance

The firm has a 50-day moving average price of $20.35 and a two-hundred day moving average price of $21.22. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The firm has a market capitalization of $90.21 billion, a P/E ratio of -4.72 and a beta of 1.12.

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 for the quarter, beating analysts' consensus estimates of $0.01 by $0.12. The company had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The firm's revenue for the quarter was down .4% on a year-over-year basis. During the same quarter last year, the business posted $0.18 EPS. On average, analysts forecast that Intel Co. will post -0.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Cornerstone Advisory LLC increased its stake in shares of Intel by 4.3% during the fourth quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker's stock valued at $198,000 after buying an additional 409 shares during the period. Evergreen Capital Management LLC raised its stake in Intel by 1.0% in the fourth quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker's stock worth $840,000 after buying an additional 419 shares in the last quarter. Federated Hermes Inc. lifted its holdings in Intel by 0.3% during the fourth quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker's stock worth $3,263,000 after buying an additional 456 shares during the period. Verdence Capital Advisors LLC boosted its position in Intel by 1.1% during the 1st quarter. Verdence Capital Advisors LLC now owns 45,682 shares of the chip maker's stock valued at $1,037,000 after acquiring an additional 486 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC increased its holdings in shares of Intel by 23.1% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 2,614 shares of the chip maker's stock valued at $59,000 after acquiring an additional 491 shares during the period. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

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.