Intel (NASDAQ:INTC) Trading Up 0.4% - Should You Buy?

Intel Co. (NASDAQ:INTC - Get Free Report)'s stock price traded up 0.4% on Friday . The stock traded as high as $20.55 and last traded at $20.30. 14,168,730 shares traded hands during trading, a decline of 51% from the average session volume of 28,826,855 shares. The stock had previously closed at $20.22.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on INTC. Benchmark reiterated a "hold" rating on shares of Intel in a research note on Friday, November 1st. Northland Securities reduced their price objective on shares of Intel from $42.00 to $28.00 and set an "outperform" rating for the company in a research report on Friday, November 1st. Stifel Nicolaus reissued a "hold" rating and set a $25.00 target price (down previously from $28.00) on shares of Intel in a research report on Friday, October 25th. TD Cowen raised Intel to a "hold" rating in a report on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Intel from $27.00 to $25.00 and set a "hold" rating on the stock in a report on Thursday, October 3rd. Six investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $30.04.

Intel Stock Performance

The company has a 50-day moving average price of $22.32 and a two-hundred day moving average price of $24.13. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $88.68 billion, a P/E ratio of -5.53 and a beta of 1.05.

Intel (NASDAQ:INTC - Get Free Report) last posted its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The firm had revenue of $13.30 billion during the quarter, compared to analysts' expectations of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The business's revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.28 earnings per share. Equities analysts expect that Intel Co. will post -0.87 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the sale, the executive vice president now directly owns 273,258 shares of the company's stock, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.04% of the company's stock.

Institutional Investors Weigh In On Intel

Large investors have recently added to or reduced their stakes in the company. William B. Walkup & Associates Inc. bought a new position in shares of Intel during the 2nd quarter valued at about $2,178,000. Geode Capital Management LLC boosted its stake in Intel by 4.6% in the third quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker's stock worth $2,162,891,000 after buying an additional 4,103,553 shares in the last quarter. Principal Financial Group Inc. grew its position in Intel by 4.4% during the third quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker's stock valued at $113,244,000 after acquiring an additional 204,200 shares during the last quarter. Swiss National Bank raised its stake in shares of Intel by 0.3% during the third quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker's stock worth $296,426,000 after acquiring an additional 31,800 shares in the last quarter. Finally, SGL Investment Advisors Inc. bought a new stake in shares of Intel in the 3rd quarter worth approximately $2,365,000. 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.