Intel (NASDAQ:INTC) Trading 3.8% Higher – Time to Buy?

Shares of Intel Co. (NASDAQ:INTC) were up 3.8% during mid-day trading on Thursday . The company traded as high as $26.02 and last traded at $25.99. Approximately 22,968,135 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 59,600,457 shares. The stock had previously closed at $25.05.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on INTC shares. HSBC downgraded shares of Intel from a “hold” rating to a “reduce” rating in a research note on Friday, August 2nd. Cantor Fitzgerald decreased their target price on shares of Intel from $40.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Mizuho raised their target price on shares of Intel from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. New Street Research downgraded shares of Intel from a “buy” rating to a “neutral” rating in a research note on Friday, August 2nd. Finally, Barclays decreased their target price on shares of Intel from $40.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, August 2nd. Six analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $30.12.

Intel Stock Down 0.1 %

The company’s 50 day moving average price is $22.22 and its two-hundred day moving average price is $26.66. The firm has a market cap of $113.00 billion, a PE ratio of -7.04 and a beta of 1.03. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The firm had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.28 earnings per share. On average, equities research analysts expect that Intel Co. will post -0.83 EPS for the current fiscal year.

Insider Activity

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel 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 sale, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.04% of the company’s stock.

Institutional Trading of Intel

Institutional investors and hedge funds have recently bought and sold shares of the stock. William B. Walkup & Associates Inc. bought a new stake in Intel in the 2nd quarter valued at $2,178,000. Fortis Group Advisors LLC increased its holdings in shares of Intel by 1,052.9% in the 3rd quarter. Fortis Group Advisors LLC now owns 172,996 shares of the chip maker’s stock worth $4,058,000 after buying an additional 157,991 shares during the last quarter. Private Advisory Group LLC bought a new stake in shares of Intel in the 3rd quarter worth about $8,045,000. Catalyst Capital Advisors LLC increased its holdings in shares of Intel by 1,110.8% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 49,522 shares of the chip maker’s stock worth $1,162,000 after buying an additional 45,432 shares during the last quarter. Finally, Sanibel Captiva Trust Company Inc. increased its holdings in shares of Intel by 21.1% in the 3rd quarter. Sanibel Captiva Trust Company Inc. now owns 279,591 shares of the chip maker’s stock worth $6,559,000 after buying an additional 48,765 shares during the last quarter. 64.53% of the stock is currently owned by 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.