Intel (NASDAQ:INTC) Shares Up 1.7% – Time to Buy?

Intel Co. (NASDAQ:INTC)’s share price shot up 1.7% on Monday . The company traded as high as $24.28 and last traded at $24.05. 36,616,750 shares traded hands during trading, a decline of 39% from the average session volume of 59,965,563 shares. The stock had previously closed at $23.65.

Analysts Set New Price Targets

A number of equities research analysts have commented on INTC shares. Stifel Nicolaus reaffirmed a “hold” rating and issued a $25.00 target price (down previously from $28.00) on shares of Intel in a research report on Friday, October 25th. Rosenblatt Securities reiterated a “sell” rating and issued a $17.00 price objective on shares of Intel in a research note on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a report on Thursday, October 3rd. Mizuho increased their price target on shares of Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, Argus cut shares of Intel from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Six analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $30.12.

Intel Stock Up 1.7 %

The company’s fifty day simple moving average is $23.48 and its 200-day simple moving average is $25.85. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The firm has a market capitalization of $103.73 billion, a PE ratio of -6.47 and a beta of 1.03.

Intel (NASDAQ:INTC) last released its quarterly earnings results 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 net margin of 29.42% and a negative return on equity of 1.71%. The business had revenue of $13.30 billion during the quarter, compared to analysts’ expectations of $13.02 billion. During the same quarter last year, the business posted $0.28 earnings per share. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. On average, analysts forecast that Intel Co. will post -0.87 EPS for the current year.

Insider Activity

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the 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 owns 273,258 shares in the company, valued at $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. America First Investment Advisors LLC acquired a new position in Intel in the 2nd quarter worth about $25,000. Cyrus J. Lawrence LLC acquired a new stake in Intel in the 2nd quarter valued at $27,000. Spartan Fund Management Inc. purchased a new stake in Intel in the 2nd quarter worth $31,000. Financial Connections Group Inc. acquired a new position in Intel during the second quarter worth $32,000. Finally, Triad Wealth Partners LLC acquired a new position in Intel during the second quarter worth $33,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Company Profile

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.