Intel (NASDAQ:INTC) Shares Up 1% – Still a Buy?

Shares of Intel Co. (NASDAQ:INTC) rose 1% on Wednesday . The company traded as high as $20.40 and last traded at $20.40. Approximately 29,884,023 shares were traded during mid-day trading, a decline of 52% from the average daily volume of 61,837,902 shares. The stock had previously closed at $20.20.

Analysts Set New Price Targets

A number of research firms have recently commented on INTC. Rosenblatt Securities reissued a “sell” rating and set a $17.00 price target on shares of Intel in a report on Tuesday, October 29th. TD Cowen raised shares of Intel to a “hold” rating in a report on Monday, September 16th. Benchmark reaffirmed a “hold” rating on shares of Intel in a report on Friday, November 1st. Robert W. Baird increased their price objective on shares of Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $25.00 target price (down from $28.00) on shares of Intel in a research report on Friday, October 25th. Six investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Intel has a consensus rating of “Hold” and a consensus price target of $30.04.

Intel Trading Up 1.0 %

The business has a 50 day moving average of $22.67 and a two-hundred day moving average of $24.63. The firm has a market capitalization of $87.99 billion, a price-to-earnings ratio of -5.48 and a beta of 1.05. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31.

Intel (NASDAQ:INTC) last issued 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 return on equity of 1.71% and a negative net margin of 29.42%. The firm had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. During the same period in the previous year, the company earned $0.28 earnings per share. Intel’s revenue for the quarter was down 6.3% compared to the same quarter last year. Equities analysts predict that Intel Co. will post -0.87 EPS for the current year.

Insider Activity

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the transaction, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.04% of the company’s stock.

Institutional Investors Weigh In On Intel

A number of institutional investors and hedge funds have recently bought and sold shares of INTC. Key Financial Inc raised its holdings in shares of Intel by 4.1% in the second quarter. Key Financial Inc now owns 8,685 shares of the chip maker’s stock valued at $269,000 after purchasing an additional 340 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co lifted its position in shares of Intel by 1.4% during the 2nd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 24,779 shares of the chip maker’s stock worth $767,000 after buying an additional 348 shares in the last quarter. Dunhill Financial LLC boosted its stake in shares of Intel by 22.6% in the 3rd quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock worth $56,000 after buying an additional 438 shares during the last quarter. Azzad Asset Management Inc. ADV increased its position in shares of Intel by 1.4% during the second quarter. Azzad Asset Management Inc. ADV now owns 34,491 shares of the chip maker’s stock valued at $1,068,000 after acquiring an additional 478 shares during the last quarter. Finally, MKT Advisors LLC lifted its holdings in Intel by 4.8% during the third quarter. MKT Advisors LLC now owns 10,762 shares of the chip maker’s stock worth $241,000 after acquiring an additional 490 shares during the period. 64.53% of the stock is owned by hedge funds and other institutional investors.

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.