Intel (NASDAQ:INTC) Shares Up 3.5% - Time to Buy?

Shares of Intel Co. (NASDAQ:INTC - Get Free Report) rose 3.5% on Monday . The stock traded as high as $20.08 and last traded at $19.77. Approximately 27,232,462 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 69,275,625 shares. The stock had previously closed at $19.10.

Analysts Set New Price Targets

INTC has been the subject of several research analyst reports. Cantor Fitzgerald reissued a "neutral" rating and issued a $22.00 price objective on shares of Intel in a research report on Friday, January 31st. Barclays decreased their target price on Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research report on Friday, January 17th. Wells Fargo & Company decreased their target price on Intel from $28.00 to $25.00 and set an "equal weight" rating for the company in a research report on Friday, January 31st. Citigroup decreased their target price on Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a research report on Tuesday, January 21st. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a research report on Friday, January 31st. Five investment analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $26.60.

Intel Price Performance

The business has a 50 day moving average price of $20.33 and a two-hundred day moving average price of $21.68. The stock has a market cap of $102.19 billion, a PE ratio of -5.39 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 quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. Research analysts expect that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Intel

Several institutional investors have recently bought and sold shares of INTC. Finley Financial LLC purchased a new position in Intel in the fourth quarter valued at approximately $25,000. Synergy Investment Management LLC purchased a new position in Intel in the fourth quarter valued at approximately $27,000. BankPlus Trust Department purchased a new position in Intel in the fourth quarter valued at approximately $28,000. Keystone Financial Group Inc. purchased a new stake in shares of Intel during the fourth quarter worth $29,000. Finally, Quest Partners LLC lifted its position in shares of Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock worth $30,000 after acquiring an additional 1,253 shares in the last quarter. 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.