Intel’s (INTC) Hold Rating Reiterated at Benchmark

Benchmark reissued their hold rating on shares of Intel (NASDAQ:INTC) in a report released on Friday,Benzinga reports.

Several other brokerages have also recently issued reports on INTC. Wedbush reduced their price objective on Intel from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 23rd. Rosenblatt Securities reaffirmed a “sell” rating and set a $20.00 price target on shares of Intel in a report on Thursday, January 30th. Truist Financial lowered their price objective on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Stifel Nicolaus decreased their target price on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Finally, Wells Fargo & Company reduced their price objective on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Six analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Intel presently has an average rating of “Hold” and a consensus target price of $22.23.

Intel Price Performance

NASDAQ:INTC opened at $20.05 on Friday. Intel has a 52 week low of $17.67 and a 52 week high of $37.16. The stock’s fifty day moving average is $21.92 and its two-hundred day moving average is $21.85. The company has a market capitalization of $87.43 billion, a P/E ratio of -4.58 and a beta of 1.13. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, topping the consensus estimate of $0.01 by $0.12. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The firm had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. During the same period in the prior year, the business posted $0.18 EPS. Equities analysts expect that Intel will post -0.11 EPS for the current year.

Hedge Funds Weigh In On Intel

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank purchased a new stake in Intel during the fourth quarter worth about $1,246,569,000. Two Sigma Advisers LP purchased a new stake in shares of Intel during the 4th quarter worth approximately $289,752,000. Assenagon Asset Management S.A. grew its holdings in shares of Intel by 264.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker’s stock worth $393,323,000 after acquiring an additional 14,227,458 shares during the period. Two Sigma Investments LP purchased a new position in Intel in the 4th quarter valued at approximately $237,457,000. Finally, Toronto Dominion Bank raised its holdings in Intel by 286.8% during the fourth quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker’s stock worth $211,114,000 after purchasing an additional 7,806,882 shares during the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

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.