Intel Co. (NASDAQ:INTC) Given Consensus Recommendation of “Reduce” by Analysts

Shares of Intel Co. (NASDAQ:INTC) have been assigned an average recommendation of “Reduce” from the thirty-three brokerages that are covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a sell rating, twenty-six have given a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $22.23.

INTC has been the subject of a number of research reports. Citigroup reaffirmed a “sell” rating on shares of Intel in a research report on Friday, April 25th. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research note on Friday, April 25th. HSBC upgraded Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Benchmark reissued a “hold” rating on shares of Intel in a research report on Friday, April 25th. Finally, Cfra Research raised shares of Intel to a “hold” rating in a report on Friday, April 25th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Finley Financial LLC acquired a new stake in shares of Intel in the 4th quarter worth about $25,000. LFA Lugano Financial Advisors SA bought a new position in Intel in the 1st quarter worth about $30,000. Vermillion Wealth Management Inc. acquired a new stake in shares of Intel in the fourth quarter valued at approximately $27,000. Synergy Investment Management LLC bought a new stake in shares of Intel during the fourth quarter valued at approximately $27,000. Finally, Mizuho Securities Co. Ltd. acquired a new position in shares of Intel during the first quarter worth approximately $32,000. 64.53% of the stock is currently owned by institutional investors.

Intel Price Performance

Shares of Intel stock opened at $20.62 on Friday. The business’s fifty day moving average price is $21.47 and its 200 day moving average price is $21.77. Intel has a twelve month low of $17.67 and a twelve month high of $37.16. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $89.92 billion, a P/E ratio of -4.71 and a beta of 1.13.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.12. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The business had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. During the same period in the previous year, the company posted $0.18 EPS. The company’s revenue was down .4% compared to the same quarter last year. As a group, research analysts anticipate that Intel will post -0.11 earnings per share for the current year.

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.