Intel (NASDAQ:INTC) Stock Price Up 0.3% - Time to Buy?

Intel Co. (NASDAQ:INTC - Get Free Report) rose 0.3% during mid-day trading on Tuesday . The stock traded as high as $24.75 and last traded at $24.29. Approximately 21,661,788 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 102,023,195 shares. The stock had previously closed at $24.22.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Barclays reduced 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, January 17th. Mizuho dropped their price target on Intel from $23.00 to $21.00 and set a "neutral" rating on the stock in a research note on Friday, January 10th. Citigroup reduced their price objective on shares of Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a research note on Tuesday, January 21st. JPMorgan Chase & Co. dropped their target price on shares of Intel from $26.00 to $23.00 and set an "underweight" rating on the stock in a research report on Friday, January 31st. Finally, HSBC upgraded shares of Intel from a "reduce" rating to a "hold" rating in a report on Tuesday, January 21st. Four analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $27.04.

Intel Stock Down 3.9 %

The company has a market capitalization of $98.29 billion, a P/E ratio of -5.19 and a beta of 1.02. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The firm has a 50-day moving average price of $22.30 and a two-hundred day moving average price of $22.10.

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Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) 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%. Equities research analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Intel

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Finley Financial LLC acquired a new position in shares of Intel in the 4th quarter worth approximately $25,000. Synergy Investment Management LLC acquired a new position in Intel in the fourth quarter worth $27,000. Vermillion Wealth Management Inc. bought a new stake in shares of Intel during the fourth quarter worth $27,000. BankPlus Trust Department acquired a new stake in shares of Intel in the fourth quarter valued at $28,000. Finally, Keystone Financial Group Inc. bought a new position in shares of Intel in the fourth quarter valued at about $29,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

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.