Intel (NASDAQ:INTC) Trading 4.5% Higher - Should You Buy?

Intel Co. (NASDAQ:INTC - Get Free Report)'s share price shot up 4.5% during mid-day trading on Tuesday . The stock traded as high as $19.59 and last traded at $19.69. 26,732,109 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 78,475,651 shares. The stock had previously closed at $18.84.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on INTC. Susquehanna dropped their target price on Intel from $24.00 to $22.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. UBS Group cut their target price on shares of Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a research report on Friday. Sanford C. Bernstein lowered their price target on shares of Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a report on Tuesday. Stifel Nicolaus reduced their price objective on Intel from $25.00 to $21.00 and set a "hold" rating for the company in a research report on Friday, January 31st. Finally, Morgan Stanley dropped their target price on Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Friday. Six research analysts have rated the stock with a sell rating, twenty-six have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, Intel has an average rating of "Hold" and a consensus price target of $22.83.

Intel Price Performance

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 company's 50 day moving average price is $21.92 and its 200 day moving average price is $21.87. The firm has a market capitalization of $87.43 billion, a P/E ratio of -4.58 and a beta of 1.13.

Intel (NASDAQ:INTC - Get Free Report) last released its earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, beating the consensus estimate of $0.01 by $0.12. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The company had revenue of $12.67 billion during the quarter, compared to analysts' expectations of $12.26 billion. During the same period last year, the firm earned $0.18 EPS. As a group, sell-side analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Intel

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Morse Asset Management Inc acquired a new stake in Intel during the 3rd quarter worth $354,000. Advisory Resource Group raised its position in shares of Intel by 6.7% during the third quarter. Advisory Resource Group now owns 16,579 shares of the chip maker's stock worth $389,000 after purchasing an additional 1,034 shares during the period. SOA Wealth Advisors LLC. lifted its holdings in shares of Intel by 7.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 9,076 shares of the chip maker's stock valued at $213,000 after purchasing an additional 615 shares in the last quarter. World Investment Advisors LLC increased its stake in Intel by 59.6% during the 3rd quarter. World Investment Advisors LLC now owns 42,990 shares of the chip maker's stock worth $1,009,000 after purchasing an additional 16,046 shares in the last quarter. Finally, Denver PWM LLC raised its holdings in Intel by 752.1% during the 3rd quarter. Denver PWM LLC now owns 26,425 shares of the chip maker's stock worth $620,000 after buying an additional 23,324 shares during the period. 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.