Intel (NASDAQ:INTC) Stock Price Up 0.5% - Time to Buy?

Intel Co. (NASDAQ:INTC - Get Free Report) shares were up 0.5% on Wednesday . The company traded as high as $20.09 and last traded at $20.04. Approximately 12,146,444 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 79,479,897 shares. The stock had previously closed at $19.94.

Wall Street Analyst Weigh In

Several brokerages have issued reports on INTC. Bank of America raised Intel from an "underperform" rating to a "neutral" rating and upped their target price for the stock from $19.00 to $25.00 in a research note on Thursday, March 13th. Rosenblatt Securities reduced their price target on shares of Intel from $18.00 to $14.00 and set a "sell" rating on the stock in a report on Friday, April 25th. Cantor Fitzgerald reduced their target price on shares of Intel from $29.00 to $20.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. Wells Fargo & Company lowered their target price on Intel from $25.00 to $22.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. Finally, Benchmark restated a "hold" rating on shares of Intel in a report on Friday, April 25th. Six analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Intel currently has a consensus rating of "Hold" and a consensus price target of $22.23.

Intel Price Performance

The company has a market cap of $91.30 billion, a PE ratio of -4.78 and a beta of 1.15. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The stock has a 50-day simple moving average of $21.24 and a 200 day simple moving average of $21.71.

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 for the quarter, topping 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 firm had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. During the same period last year, the company earned $0.18 earnings per share. The company's revenue for the quarter was down .4% on a year-over-year basis. Equities analysts expect that Intel Co. will post -0.11 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in INTC. Cornerstone Advisory LLC raised its stake in Intel by 4.3% during the 4th quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker's stock valued at $198,000 after purchasing an additional 409 shares during the last quarter. Evergreen Capital Management LLC lifted its position in Intel by 1.0% in the 4th quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker's stock valued at $840,000 after acquiring an additional 419 shares in the last quarter. Federated Hermes Inc. raised 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 acquiring an additional 456 shares in the last quarter. Verdence Capital Advisors LLC raised its stake in Intel by 1.1% in 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 during the period. Finally, CFM Wealth Partners LLC lifted its holdings in shares of Intel by 4.0% during the fourth quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker's stock worth $263,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds 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.