Intel (NASDAQ:INTC) Stock Price Up 0.6% - Should You Buy?

Intel Co. (NASDAQ:INTC - Get Free Report)'s stock price was up 0.6% during trading on Wednesday . The stock traded as high as $20.08 and last traded at $19.93. Approximately 19,330,797 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 65,511,242 shares. The stock had previously closed at $19.80.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on INTC. Rosenblatt Securities reaffirmed a "sell" rating and issued a $20.00 target price on shares of Intel in a report on Thursday. Benchmark reaffirmed a "hold" rating on shares of Intel in a research note on Friday. Truist Financial cut their target price on shares of Intel from $22.00 to $21.00 and set a "hold" rating for the company in a research note on Friday. Stifel Nicolaus decreased their price target on Intel from $25.00 to $21.00 and set a "hold" rating on the stock in a research report on Friday. Finally, Northland Securities cut their price objective on Intel from $42.00 to $28.00 and set an "outperform" rating for the company in a research report on Friday, November 1st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $26.60.

Intel Stock Down 0.1 %

The business's 50-day moving average is $20.78 and its two-hundred day moving average is $22.34. The firm has a market capitalization of $83.72 billion, a price-to-earnings ratio of -4.43, a P/E/G ratio of 9.49 and a beta of 1.08. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33.

Intel (NASDAQ:INTC - Get Free Report) last posted its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. On average, equities analysts anticipate that Intel Co. will post 0.19 earnings per share for the current year.

Insider Buying and Selling at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction that occurred 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 transaction, the executive vice president now owns 273,258 shares of the company's stock, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.04% of the company's stock.

Institutional Trading of Intel

Institutional investors have recently modified their holdings of the company. Assenagon Asset Management S.A. grew its stake in Intel by 264.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker's stock valued at $393,323,000 after purchasing an additional 14,227,458 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Intel by 28.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 58,469,412 shares of the chip maker's stock worth $1,371,692,000 after acquiring an additional 12,865,308 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Intel by 27.2% in the third quarter. Van ECK Associates Corp now owns 44,013,936 shares of the chip maker's stock valued at $967,426,000 after purchasing an additional 9,422,136 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in Intel by 224.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 10,413,544 shares of the chip maker's stock valued at $244,302,000 after acquiring an additional 7,207,785 shares during the period. Finally, State Street Corp lifted its holdings in Intel by 2.8% during the 3rd quarter. State Street Corp now owns 197,958,739 shares of the chip maker's stock worth $4,644,112,000 after purchasing an additional 5,417,753 shares during the last quarter. 64.53% of the stock is currently 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.