Intel (NASDAQ:INTC) Upgraded at HSBC

HSBC upgraded shares of Intel (NASDAQ:INTC) from a reduce rating to a hold rating in a research note released on Tuesday, Marketbeat Ratings reports.

Other research analysts have also issued reports about the company. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research report on Friday, November 1st. Truist Financial raised their target price on Intel from $25.00 to $26.00 and gave the company a “hold” rating in a report on Friday, November 1st. Rosenblatt Securities restated a “sell” rating and issued a $17.00 price target on shares of Intel in a report on Tuesday, October 29th. Northland Securities dropped their price objective on shares of Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, Bank of America restated an “underperform” rating and issued a $21.00 target price on shares of Intel in a research note on Tuesday, December 3rd. Five equities research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $28.81.

Intel Price Performance

NASDAQ:INTC opened at $21.57 on Tuesday. Intel has a 12-month low of $18.51 and a 12-month high of $50.30. The firm has a market cap of $93.03 billion, a price-to-earnings ratio of -5.80, a price-to-earnings-growth ratio of 9.59 and a beta of 1.07. The company’s 50-day moving average is $21.37 and its two-hundred day moving average is $23.12. 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 analysts’ consensus estimates of ($0.02) by ($0.44). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The business had revenue of $13.30 billion during the quarter, compared to analysts’ expectations of $13.02 billion. During the same period in the prior year, the firm earned $0.28 EPS. Intel’s revenue for the quarter was down 6.3% on a year-over-year basis. Research analysts expect that Intel will post -0.87 EPS for the current year.

Insider Activity at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the sale, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. This represents a 8.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.04% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Quest Partners LLC grew its holdings in Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares during the last quarter. Finley Financial LLC bought a new stake in Intel during the 4th quarter valued at approximately $25,000. FSA Wealth Management LLC acquired a new stake in Intel in the 3rd quarter valued at approximately $34,000. Capital Performance Advisors LLP bought a new position in Intel in the 3rd quarter worth approximately $36,000. Finally, West Financial Advisors LLC bought a new stake in shares of Intel in the fourth quarter valued at approximately $31,000. Institutional investors own 64.53% of the company’s stock.

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.