Intel (NASDAQ:INTC) Trading 2.3% Higher - Still a Buy?

Intel Co. (NASDAQ:INTC - Get Free Report) rose 2.3% during trading on Tuesday . The stock traded as high as $22.41 and last traded at $21.98. Approximately 36,527,825 shares were traded during mid-day trading, a decline of 42% from the average daily volume of 62,949,797 shares. The stock had previously closed at $21.49.

Analyst Upgrades and Downgrades

INTC has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft decreased their price target on Intel from $27.00 to $25.00 and set a "hold" rating on the stock in a research report on Thursday, October 3rd. Truist Financial increased their target price on shares of Intel from $25.00 to $26.00 and gave the stock a "hold" rating in a research note on Friday, November 1st. The Goldman Sachs Group cut their price target on shares of Intel from $22.00 to $21.00 and set a "sell" rating for the company in a report on Thursday, October 17th. HSBC raised shares of Intel from a "reduce" rating to a "hold" rating in a report on Tuesday. Finally, Barclays dropped their price objective on Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research note on Friday. Five equities research analysts have rated the stock with a sell rating, twenty-six have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $28.81.

Intel Stock Performance

The company has a market cap of $94.97 billion, a P/E ratio of -5.92, a P/E/G ratio of 9.46 and a beta of 1.07. The business has a fifty day moving average of $21.48 and a 200 day moving average of $23.20. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC - Get Free Report) last announced its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share 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 company had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. During the same period in the previous year, the firm posted $0.28 EPS. The company's revenue for the quarter was down 6.3% on a year-over-year basis. On average, equities analysts predict that Intel Co. will post -0.87 EPS for the current year.

Insider Transactions at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company's stock in a transaction dated 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 directly owns 273,258 shares of the company's stock, valued at $7,104,708. This represents a 8.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.04% of the company's stock.

Institutional Investors Weigh In On Intel

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cyrus J. Lawrence LLC bought a new stake in shares of Intel in the 2nd quarter worth approximately $27,000. Quest Partners LLC raised its stake 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 buying an additional 1,253 shares during the last quarter. Finley Financial LLC bought a new stake in Intel in the fourth quarter worth $25,000. FSA Wealth Management LLC purchased a new stake in shares of Intel in the third quarter worth $34,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Intel during the third quarter valued at $36,000. Hedge funds and other institutional investors own 64.53% of the company's stock.

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.

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