Intel (NASDAQ:INTC) Trading Up 3.1% - Time to Buy?

Intel Co. (NASDAQ:INTC - Get Free Report) shares shot up 3.1% during mid-day trading on Friday . The stock traded as high as $20.62 and last traded at $20.60. 17,713,259 shares were traded during trading, a decline of 78% from the average session volume of 79,363,648 shares. The stock had previously closed at $19.98.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Truist Financial cut their target price on shares of Intel from $22.00 to $21.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. Sanford C. Bernstein cut their price objective on Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 22nd. Susquehanna decreased their target price on Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. HSBC upgraded Intel from a "reduce" rating to a "hold" rating in a report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. lowered 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. Six investment 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 company's stock. Based on data from MarketBeat, Intel has an average rating of "Hold" and a consensus target price of $22.23.

Intel Trading Up 3.2 %

The company has a 50 day simple moving average of $21.47 and a 200 day simple moving average of $21.77. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $89.94 billion, a PE ratio of -4.71 and a beta of 1.15.

Intel (NASDAQ:INTC - Get Free Report) last posted 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. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The firm had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. During the same period last year, the firm posted $0.18 EPS. Intel's quarterly revenue was down .4% on a year-over-year basis. Analysts predict that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of INTC. Cornerstone Advisory LLC increased its holdings in shares of Intel by 4.3% in 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 in the last quarter. Evergreen Capital Management LLC increased its holdings in Intel by 1.0% in the fourth quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker's stock valued at $840,000 after buying an additional 419 shares in the last quarter. Federated Hermes Inc. boosted its stake in shares of Intel by 0.3% during the 4th 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 grew its holdings in shares of Intel by 1.1% in the 1st quarter. Verdence Capital Advisors LLC now owns 45,682 shares of the chip maker's stock worth $1,037,000 after acquiring an additional 486 shares during the period. Finally, CFM Wealth Partners LLC increased its stake in Intel by 4.0% in the 4th quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker's stock valued at $263,000 after purchasing an additional 500 shares in the last quarter. Hedge funds and other 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.