Intel Co. (NASDAQ:INTC) Receives Consensus Recommendation of “Reduce” from Analysts

Intel Co. (NASDAQ:INTC) has earned a consensus recommendation of “Reduce” from the thirty-two ratings firms that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $27.88.

A number of research analysts have recently issued reports on the company. Mizuho decreased their target price on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a report on Friday, November 1st. UBS Group cut their target price on shares of Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Bank of America reaffirmed an “underperform” rating and issued a $21.00 price target on shares of Intel in a research note on Tuesday, December 3rd. Finally, Northland Securities cut their price objective on Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, November 1st.

Intel Trading Down 0.2 %

INTC stock opened at $19.77 on Thursday. Intel has a 52-week low of $18.51 and a 52-week high of $46.63. 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 firm has a market cap of $85.25 billion, a P/E ratio of -5.31, a PEG ratio of 9.72 and a beta of 1.07. The company’s 50-day simple moving average is $21.06 and its 200-day simple moving average is $22.65.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). The business had revenue of $13.30 billion for the quarter, compared to analysts’ expectations 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 revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.28 EPS. As a group, equities analysts forecast that Intel will post -0.87 EPS for the current fiscal year.

Insider Buying and Selling at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction that occurred 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 in the company, valued at $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.04% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. William B. Walkup & Associates Inc. purchased a new position in shares of Intel during the second quarter worth about $2,178,000. Geode Capital Management LLC grew its stake in Intel by 4.6% during the 3rd quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock worth $2,162,891,000 after buying an additional 4,103,553 shares during the last quarter. Relyea Zuckerberg Hanson LLC grew its stake in Intel by 211.6% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker’s stock worth $579,000 after buying an additional 19,625 shares during the last quarter. Principal Financial Group Inc. increased its position in Intel by 4.4% during the third quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker’s stock worth $113,244,000 after buying an additional 204,200 shares during the period. Finally, Empirical Asset Management LLC purchased a new stake in Intel in the fourth quarter valued at approximately $276,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

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.