Intel (NASDAQ:INTC) Trading Up 2.5% - Should You Buy?

Intel Co. (NASDAQ:INTC - Get Free Report) rose 2.5% during trading on Wednesday . The company traded as high as $21.17 and last traded at $20.28. Approximately 52,612,128 shares changed hands during trading, a decline of 46% from the average daily volume of 97,664,563 shares. The stock had previously closed at $19.78.

Analyst Ratings Changes

INTC has been the topic of a number of analyst reports. Truist Financial lowered their price objective on Intel from $22.00 to $21.00 and set a "hold" rating on the stock in a report on Friday, January 31st. Stifel Nicolaus lowered their price objective on Intel from $25.00 to $21.00 and set a "hold" rating on the stock in a report on Friday, January 31st. Bank of America raised Intel from an "underperform" rating to a "neutral" rating and increased their price objective for the company from $19.00 to $25.00 in a report on Thursday. JPMorgan Chase & Co. lowered their price objective on Intel from $26.00 to $23.00 and set an "underweight" rating on the stock in a report on Friday, January 31st. Finally, Benchmark reaffirmed a "hold" rating on shares of Intel in a report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Intel currently has a consensus rating of "Hold" and a consensus target price of $27.04.

Intel Price Performance

The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The firm has a market cap of $103.06 billion, a P/E ratio of -5.50 and a beta of 1.02. The company has a 50-day moving average of $21.38 and a 200 day moving average of $21.81.

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Intel (NASDAQ:INTC - Get Free Report) last posted its earnings results 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 return on equity of 3.27% and a negative net margin of 35.32%. On average, sell-side analysts anticipate that Intel Co. will post -0.11 EPS for the current year.

Institutional Investors Weigh In On Intel

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. PKO Investment Management Joint Stock Co acquired a new stake in Intel during the 4th quarter valued at $1,865,000. QSM Asset Management Ltd acquired a new stake in Intel during the 4th quarter valued at $7,011,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Intel in the 4th quarter valued at $70,850,000. Yoffe Investment Management LLC acquired a new stake in shares of Intel in the 4th quarter valued at $357,000. Finally, Lakeshore Capital Group Inc. acquired a new stake in shares of Intel in the 4th quarter valued at $230,000. 64.53% of the stock is 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.

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