Intel (NASDAQ:INTC) Coverage Initiated at Deutsche Bank Aktiengesellschaft

Research analysts at Deutsche Bank Aktiengesellschaft assumed coverage on shares of Intel (NASDAQ:INTC) in a note issued to investors on Wednesday, MarketBeat reports. The brokerage set a “hold” rating and a $23.00 price target on the chip maker’s stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 11.92% from the stock’s current price.

Several other research analysts have also recently weighed in on the stock. Cantor Fitzgerald decreased their price target on shares of Intel from $29.00 to $20.00 and set a “neutral” rating on the stock in a report on Monday, April 21st. Citigroup reaffirmed a “sell” rating on shares of Intel in a report on Friday, April 25th. Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Seaport Res Ptn raised shares of Intel to a “strong sell” rating in a report on Wednesday, April 30th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a report on Friday, April 25th. Six equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $21.57.

Intel Trading Down 0.7%

Shares of INTC stock opened at $20.55 on Wednesday. The company’s fifty day simple moving average is $21.19 and its two-hundred day simple moving average is $21.64. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. Intel has a 1 year low of $17.67 and a 1 year high of $37.16. The stock has a market capitalization of $89.64 billion, a price-to-earnings ratio of -4.69 and a beta of 1.15.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $12.67 billion for the quarter, compared to analysts’ expectations of $12.26 billion. During the same quarter in the previous year, the firm posted $0.18 EPS. The business’s revenue for the quarter was down .4% compared to the same quarter last year. As a group, analysts anticipate that Intel will post -0.11 earnings per share for the current year.

Institutional Trading of Intel

Several institutional investors have recently added to or reduced their stakes in the business. Cornerstone Advisory LLC boosted its position in Intel by 4.3% during the fourth quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker’s stock valued at $198,000 after buying an additional 409 shares during the period. Evergreen Capital Management LLC boosted its holdings in shares of Intel by 1.0% during the fourth quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker’s stock worth $840,000 after purchasing an additional 419 shares during the period. Federated Hermes Inc. boosted its holdings in shares of Intel by 0.3% during the fourth quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker’s stock worth $3,263,000 after purchasing an additional 456 shares during the period. Verdence Capital Advisors LLC boosted its holdings in shares of Intel by 1.1% during the first quarter. Verdence Capital Advisors LLC now owns 45,682 shares of the chip maker’s stock worth $1,037,000 after purchasing an additional 486 shares during the period. Finally, Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Intel by 23.1% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 2,614 shares of the chip maker’s stock worth $59,000 after purchasing an additional 491 shares during the period. 64.53% of the stock is currently 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.