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

Shares of Intel Co. (NASDAQ:INTC) have been assigned an average rating of “Reduce” from the thirty-one brokerages that are covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and one has given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $21.57.

Several brokerages recently commented on INTC. Bank of America raised shares of Intel from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $19.00 to $25.00 in a research report on Thursday, March 13th. Citigroup reissued a “sell” rating on shares of Intel in a report on Friday, April 25th. Seaport Res Ptn upgraded Intel to a “strong sell” rating in a research note on Wednesday, April 30th. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research report on Friday, April 25th. Finally, Wedbush reduced their price objective on shares of Intel from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, April 23rd.

Intel Stock Up 2.5%

INTC stock opened at $20.55 on Wednesday. Intel has a 12 month low of $17.67 and a 12 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 company has a market cap of $89.64 billion, a price-to-earnings ratio of -4.69 and a beta of 1.15. The firm has a 50-day moving average of $20.92 and a two-hundred day moving average of $21.51.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. During the same period last year, the company earned $0.18 EPS. The company’s quarterly revenue was down .4% on a year-over-year basis. As a group, analysts forecast that Intel will post -0.11 earnings per share for the current fiscal year.

Institutional Trading of Intel

Several hedge funds and other institutional investors have recently modified their holdings of the business. Norges Bank acquired a new stake in Intel during the 4th quarter worth about $1,246,569,000. Nuveen LLC acquired a new stake in shares of Intel during the 1st quarter valued at $538,430,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Intel by 99.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,829,385 shares of the chip maker’s stock valued at $677,426,000 after buying an additional 14,901,457 shares during the period. Two Sigma Advisers LP acquired a new stake in Intel during the fourth quarter valued at $289,752,000. Finally, Two Sigma Investments LP acquired a new stake in Intel during the fourth quarter valued at $237,457,000. Institutional investors and hedge funds 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.