Intel (NASDAQ:INTC) Trading 3.5% Higher – Time to Buy?

Intel Co. (NASDAQ:INTC) shares were up 3.5% on Monday . The company traded as high as $25.56 and last traded at $25.35. Approximately 19,574,561 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 59,738,020 shares. The stock had previously closed at $24.50.

Analyst Ratings Changes

Several research analysts recently commented on INTC shares. Rosenblatt Securities restated a “sell” rating and issued a $17.00 price target on shares of Intel in a report on Tuesday, October 29th. Roth Mkm decreased their price target on shares of Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Benchmark reissued a “hold” rating on shares of Intel in a research report on Friday, November 1st. Morgan Stanley decreased their target price on Intel from $36.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, August 2nd. Finally, Susquehanna dropped their target price on Intel from $35.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Six investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $30.12.

Intel Price Performance

The company has a market cap of $107.26 billion, a price-to-earnings ratio of -6.81 and a beta of 1.03. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The company’s 50 day moving average price is $23.19 and its 200-day moving average price is $26.08.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The firm had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. During the same period in the prior year, the business posted $0.28 EPS. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, equities research analysts forecast that Intel Co. will post -0.83 earnings per share for the current fiscal year.

Insider Activity

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the sale, the executive vice president now directly owns 273,258 shares in the company, valued at $7,104,708. This trade represents a 8.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.04% of the stock is currently owned by insiders.

Institutional Trading of Intel

Several institutional investors have recently made changes to their positions in INTC. America First Investment Advisors LLC acquired a new position in Intel in the second quarter valued at about $25,000. Cyrus J. Lawrence LLC bought a new stake in Intel during the 2nd quarter worth approximately $27,000. Spartan Fund Management Inc. acquired a new stake in Intel during the 2nd quarter valued at $31,000. Financial Connections Group Inc. acquired a new position in Intel in the second quarter worth $32,000. Finally, Triad Wealth Partners LLC acquired a new stake in shares of Intel in the second quarter valued at $33,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

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.