Intel (NASDAQ:INTC) Stock Price Up 1.7% – Still a Buy?
by Teresa Graham · The Cerbat GemIntel Co. (NASDAQ:INTC – Get Free Report)’s stock price traded up 1.7% on Tuesday . The stock traded as high as $20.40 and last traded at $20.15. 15,667,047 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 61,499,074 shares. The stock had previously closed at $19.82.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on INTC shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research note on Friday, November 1st. The Goldman Sachs Group dropped their target price on Intel from $22.00 to $21.00 and set a “sell” rating for the company in a report on Thursday, October 17th. Truist Financial lifted their price target on Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Bank of America reissued an “underperform” rating and issued a $21.00 price objective on shares of Intel in a report on Tuesday, December 3rd. Finally, Rosenblatt Securities reaffirmed a “sell” rating and set a $17.00 target price on shares of Intel in a research note on Tuesday, October 29th. Six analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Intel currently has an average rating of “Hold” and an average price target of $30.04.
Get Our Latest Research Report on Intel
Intel Stock Performance
The stock has a market capitalization of $85.79 billion, a PE ratio of -5.35 and a beta of 1.05. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. The stock has a fifty day moving average of $22.49 and a 200-day moving average of $24.34.
Intel (NASDAQ:INTC – Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). The company had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.28 earnings per share. Equities analysts anticipate that Intel Co. will post -0.87 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the transaction, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at $7,104,708. This trade represents a 8.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.04% of the stock is owned by company insiders.
Hedge Funds Weigh In On Intel
Several large investors have recently bought and sold shares of the stock. America First Investment Advisors LLC purchased a new position in Intel during the 2nd quarter worth approximately $25,000. Cyrus J. Lawrence LLC acquired a new stake in shares of Intel in the second quarter valued at approximately $27,000. Quest Partners LLC grew 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 during the last quarter. Groupama Asset Managment increased its holdings in shares of Intel by 6.3% in the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock valued at $32,000 after acquiring an additional 8,084 shares during the period. Finally, FSA Wealth Management LLC purchased a new stake in Intel in the 3rd quarter valued at $34,000. Institutional investors and hedge funds own 64.53% of the company’s stock.
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.
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