Intel (NASDAQ:INTC) Shares Up 6.8% - Still a Buy?

Intel Co. (NASDAQ:INTC - Get Free Report) shares rose 6.8% during trading on Wednesday . The stock traded as high as $21.03 and last traded at $20.84. Approximately 41,784,749 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 78,712,122 shares. The stock had previously closed at $19.51.

Analyst Upgrades and Downgrades

INTC has been the subject of several research analyst reports. Morgan Stanley cut their price objective on Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research report on Friday. Roth Mkm reduced their price objective on shares of Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Citigroup decreased their price objective on shares of Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a report on Tuesday, January 21st. Stifel Nicolaus dropped their target price on shares of Intel from $25.00 to $21.00 and set a "hold" rating for the company in a report on Friday, January 31st. Finally, Susquehanna decreased their price target on Intel from $24.00 to $22.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Five equities research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $22.83.

Intel Trading Down 6.7 %

The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $87.47 billion, a price-to-earnings ratio of -4.57 and a beta of 1.13. The business has a 50 day simple moving average of $22.07 and a 200-day simple moving average of $21.90.

Intel (NASDAQ:INTC - Get Free Report) last released its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.12. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The business had revenue of $12.67 billion for the quarter, compared to analysts' expectations of $12.26 billion. During the same period last year, the company earned $0.18 earnings per share. On average, equities analysts predict that Intel Co. will post -0.11 earnings per share for the current year.

Institutional Trading of Intel

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank acquired a new stake in Intel during the fourth quarter worth about $1,246,569,000. Two Sigma Advisers LP acquired a new position in shares of Intel in the 4th quarter valued at about $289,752,000. Assenagon Asset Management S.A. grew its holdings in shares of Intel by 264.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker's stock worth $393,323,000 after purchasing an additional 14,227,458 shares during the period. Two Sigma Investments LP acquired a new stake in Intel during the 4th quarter worth approximately $237,457,000. Finally, Toronto Dominion Bank raised its holdings in Intel by 286.8% in the fourth quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock valued at $211,114,000 after buying an additional 7,806,882 shares during the period. 64.53% of the stock is currently owned by institutional investors and hedge funds.

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.