Intel (NASDAQ:INTC) Trading Up 3.4% - Should You Buy?

Intel Corporation (NASDAQ:INTC) saw its shares rise by 3.4% on Friday, reaching a peak of $24.44 before settling at $23.88. During mid-day trading, around 38,983,799 shares changed hands, reflecting a significant decline of 59% compared to its average daily volume of 95,050,742 shares. The previous closing price was $23.09.

Analyst Upgrades and Downgrades

• Intel Surges on M&A Talks: Is This a Rally or Just a Temporary Uptick?

Several analysts have recently provided their insights on Intel’s stock performance. Truist Financial adjusted their price target down from $22.00 to $21.00 and maintained a "hold" rating for the company as of January 31st. On the same day, Rosenblatt Securities reiterated a "sell" rating with a target price of $20.00. Meanwhile, JPMorgan Chase & Co. lowered their target on Intel from $26.00 to $23.00 while rating the stock as "underweight." Northland Securities also adjusted their target price downward from $42.00 to $28.00 but retained an "outperform" rating. Robert W. Baird, on the other hand, increased their target from $20.00 to $25.00 and assigned a "neutral" rating. Overall, five analysts rated the stock as a sell, twenty-seven gave a hold rating, and only one suggested a buy rating, resulting in an average rating of "Hold" with an average price target of $26.88, according to MarketBeat.

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Intel Trading Up 2.8 %

• Silicon Valley’s Sleeping Giant? Intel’s Comeback Under Scrutiny

With a market capitalization of $102.80 billion, Intel has a price-to-earnings ratio of -5.42 and a beta value of 1.08. The company's fifty-day moving average price stands at $21.12, while the two-hundred-day moving average price is at $21.75. Its financial health is supported by a current ratio of 1.33, a quick ratio of 0.98, and a debt-to-equity ratio of 0.44.

Intel’s most recent earnings report, released on January 30th, revealed that the chip maker reported a loss of ($0.02) earnings per share, missing the consensus estimate of $0.12 by ($0.14). Intel has exhibited a negative return on equity of 3.27% and a negative net margin of 35.32%. Analysts predict that the company will report earnings of -0.11 per share for the current fiscal year.

Institutional Inflows and Outflows

• 3 Chip Stocks Still Trading 50% Below Their 52-Week Highs

Recent changes among institutional investors and hedge funds concerning their positions in Intel have been notable. Norges Bank acquired a stake in Intel valued at approximately $1.25 billion during the fourth quarter. Two Sigma Advisers LP also entered into the stock with investments worth nearly $290 million. Additionally, Assenagon Asset Management S.A. increased its holdings in Intel by a staggering 264.0% during the same period and now owns 19,617,088 shares valued at $393.32 million. UBS Asset Management also increased its holdings by 28.2%, owning 58,469,412 shares worth $1.37 billion after buying an additional 12,865,308 shares. As of now, 64.53% of Intel's stock is held by institutional investors and hedge funds.

Intel Company Profile

Intel Corporation engages in the design, development, manufacturing, marketing, and sale of computing and related products and services around the globe. The company operates through various segments, including Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services. Its product lineup features central processing units (CPUs), chipsets, system-on-chips (SoCs), mobile and desktop processors, graphics processing units (GPUs), domain-specific accelerators, field programmable gate arrays (FPGAs), and various semiconductor products related to memory, storage, connectivity, and networking.

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