Intel (NASDAQ:INTC) Trading 6.2% Higher – Should You Buy?

Intel Co. (NASDAQ:INTC)’s stock price traded up 6.2% on Monday . The stock traded as high as $26.15 and last traded at $25.53. 63,713,605 shares were traded during trading, a decline of 37% from the average session volume of 101,690,023 shares. The stock had previously closed at $24.05.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Roth Mkm cut their price target on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Bank of America raised Intel from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $19.00 to $25.00 in a research report on Thursday. Cantor Fitzgerald raised their target price on shares of Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. Barclays reduced their price target on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Finally, Truist Financial lowered their price objective on shares of Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Intel has a consensus rating of “Hold” and an average target price of $27.04.

Intel Price Performance

The stock has a market cap of $112.68 billion, a price-to-earnings ratio of -5.94 and a beta of 1.02. The company has a 50 day simple moving average of $21.45 and a 200-day simple moving average of $21.87. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. As a group, research analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Intel

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cornerstone Advisory LLC boosted its holdings in shares of Intel by 4.3% in the fourth quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker’s stock worth $198,000 after buying an additional 409 shares during the period. Evergreen Capital Management LLC increased its stake in shares of Intel by 1.0% during the 4th quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker’s stock worth $840,000 after purchasing an additional 419 shares during the last quarter. Dunhill Financial LLC increased its position in Intel by 22.6% during the third quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock worth $56,000 after buying an additional 438 shares during the last quarter. Federated Hermes Inc. increased its holdings 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 valued at $3,263,000 after acquiring an additional 456 shares during the last quarter. Finally, Beaton Management Co. Inc. boosted its position in Intel by 2.2% during the third quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock worth $544,000 after purchasing an additional 500 shares during the period. 64.53% of the stock is owned by institutional investors.

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.