Intel (NASDAQ:INTC) Trading Up 6.5% - Still a Buy?

Intel Co. (NASDAQ:INTC - Get Free Report) traded up 6.5% during mid-day trading on Friday . The stock traded as high as $21.54 and last traded at $20.95. 74,572,966 shares traded hands during mid-day trading, an increase of 32% from the average session volume of 56,635,734 shares. The stock had previously closed at $19.67.

Analyst Ratings Changes

Several research analysts have recently issued reports on INTC shares. The Goldman Sachs Group dropped their price objective on shares of Intel from $22.00 to $21.00 and set a "sell" rating on the stock in a report on Thursday, October 17th. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft cut their target price on Intel from $27.00 to $25.00 and set a "hold" rating for the company in a research note on Thursday, October 3rd. Barclays decreased their price target on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Friday. Finally, Benchmark restated a "hold" rating on shares of Intel in a research note on Friday, November 1st. Six investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Intel presently has a consensus rating of "Hold" and an average target price of $29.88.

Intel Price Performance

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's fifty day moving average price is $21.55 and its 200-day moving average price is $23.32.

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 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 analyst estimates of $13.02 billion. During the same period in the previous year, the firm posted $0.28 earnings per share. The firm's revenue was down 6.3% on a year-over-year basis. Equities analysts expect that Intel Co. will post -0.87 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business's 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 of the company's stock, valued at $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.04% of the company's stock.

Institutional Investors Weigh In On Intel

Several institutional investors and hedge funds have recently added to or reduced their stakes in INTC. Cyrus J. Lawrence LLC bought a new position in shares of Intel in the second quarter valued at $27,000. Quest Partners LLC grew its position in shares of Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock valued at $30,000 after acquiring an additional 1,253 shares during the period. Finley Financial LLC acquired a new position in shares of Intel during the 4th quarter worth about $25,000. FSA Wealth Management LLC acquired a new stake in Intel in the 3rd quarter valued at about $34,000. Finally, Capital Performance Advisors LLP bought a new position in Intel during the third quarter worth about $36,000. 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.