Intel (NASDAQ:INTC) Now Covered by Loop Capital

Loop Capital assumed coverage on shares of Intel (NASDAQ:INTC) in a research note released on Monday,Benzinga reports. The firm issued a hold rating and a $25.00 target price on the chip maker’s stock.

Other equities research analysts have also issued research reports about the stock. Citigroup reissued a “hold” rating on shares of Intel in a report on Tuesday, July 8th. Wedbush dropped their price objective on Intel from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, April 23rd. Barclays reiterated a “reduce” rating on shares of Intel in a research report on Tuesday, April 22nd. Cfra Research upgraded Intel to a “hold” rating in a research note on Friday, April 25th. Finally, Wall Street Zen raised shares of Intel from a “sell” rating to a “hold” rating in a research report on Saturday, May 24th. Five investment analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $22.25.

Intel Price Performance

Intel stock opened at $23.26 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.93. The company’s fifty day moving average price is $21.57 and its two-hundred day moving average price is $21.42. Intel has a one year low of $17.67 and a one year high of $33.41.

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 36.19% and a negative return on equity of 3.15%. The business had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. During the same period in the prior year, the business earned $0.18 EPS. The company’s revenue for the quarter was down .4% on a year-over-year basis. As a group, analysts anticipate that Intel will post -0.11 earnings per share for the current year.

Hedge Funds Weigh In On Intel

A number of hedge funds have recently made changes to their positions in the business. Thrivent Financial for Lutherans lifted its holdings in Intel by 0.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 213,378 shares of the chip maker’s stock worth $4,356,000 after buying an additional 743 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of Intel by 785.0% in the fourth quarter. Teacher Retirement System of Texas now owns 252,221 shares of the chip maker’s stock worth $5,057,000 after purchasing an additional 223,720 shares in the last quarter. TD Private Client Wealth LLC boosted its stake in shares of Intel by 55.0% in the 4th quarter. TD Private Client Wealth LLC now owns 12,110 shares of the chip maker’s stock valued at $243,000 after purchasing an additional 4,299 shares in the last quarter. Millstone Evans Group LLC bought a new stake in shares of Intel in the 4th quarter valued at $73,000. Finally, Vanguard Group Inc. lifted its holdings in Intel by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker’s stock valued at $7,400,439,000 after purchasing an additional 6,143,164 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

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.