Intel (NASDAQ:INTC) Shares Gap Up - Time to Buy?

Intel Co. (NASDAQ:INTC - Get Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $20.97, but opened at $21.98. Intel shares last traded at $21.71, with a volume of 48,766,741 shares changing hands.

Analyst Upgrades and Downgrades

INTC has been the topic of a number of research analyst reports. HSBC upgraded Intel from a "reduce" rating to a "hold" rating in a report on Tuesday, January 21st. Hsbc Global Res raised Intel from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, January 21st. Stifel Nicolaus reduced their price target on shares of Intel from $25.00 to $21.00 and set a "hold" rating for the company in a research report on Friday, January 31st. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $22.00 price objective on shares of Intel in a research report on Friday, January 31st. Finally, Truist Financial dropped their price objective 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. Five analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $26.60.

Intel Stock Performance

The firm's fifty day moving average price is $20.33 and its 200-day moving average price is $21.55. The company has a market cap of $102.19 billion, a P/E ratio of -5.39 and a beta of 1.08. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

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Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate 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 forecast that Intel Co. will post -0.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Finley Financial LLC acquired a new position in shares of Intel in the 4th quarter valued at $25,000. Synergy Investment Management LLC acquired a new position in Intel in the fourth quarter worth about $27,000. BankPlus Trust Department bought a new position in Intel during the fourth quarter worth about $28,000. Keystone Financial Group Inc. bought a new position in Intel during the fourth quarter worth about $29,000. Finally, Quest Partners LLC boosted its holdings in Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock valued at $30,000 after purchasing an additional 1,253 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

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.