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

Intel Co. (NASDAQ:INTC) has earned a consensus recommendation of “Reduce” from the thirty-two ratings firms that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $27.88.

INTC has been the topic of a number of analyst reports. Benchmark reiterated a “hold” rating on shares of Intel in a research report on Friday, November 1st. Bank of America reiterated an “underperform” rating and set a $21.00 price target on shares of Intel in a research note on Tuesday, December 3rd. Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Barclays lowered their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Finally, Citigroup reduced their price target on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st.

Intel Stock Performance

NASDAQ INTC opened at $19.77 on Thursday. The firm has a market cap of $85.25 billion, a P/E ratio of -5.31, a P/E/G ratio of 9.72 and a beta of 1.07. Intel has a 52-week low of $18.51 and a 52-week high of $46.63. The business’s 50-day moving average price is $21.06 and its 200 day moving average price is $22.65. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.44). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The company had revenue of $13.30 billion during the quarter, compared to analysts’ expectations of $13.02 billion. During the same quarter last year, the business posted $0.28 earnings per share. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. On average, equities research analysts expect that Intel will post -0.87 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the sale, the executive vice president now owns 273,258 shares in the company, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.04% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Intel

Several hedge funds have recently made changes to their positions in the business. 1832 Asset Management L.P. raised its position in shares of Intel by 23.7% in the 2nd quarter. 1832 Asset Management L.P. now owns 3,977 shares of the chip maker’s stock worth $123,000 after buying an additional 762 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Intel by 61.4% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 815,377 shares of the chip maker’s stock worth $25,252,000 after acquiring an additional 310,322 shares during the last quarter. Caxton Associates LP purchased a new position in shares of Intel in the 2nd quarter worth about $162,592,000. AlTi Global Inc. lifted its stake in shares of Intel by 1.3% in the 2nd quarter. AlTi Global Inc. now owns 62,568 shares of the chip maker’s stock valued at $1,938,000 after purchasing an additional 818 shares in the last quarter. Finally, Affinity Capital Advisors LLC grew its holdings in shares of Intel by 46.1% during the 2nd quarter. Affinity Capital Advisors LLC now owns 12,735 shares of the chip maker’s stock worth $394,000 after purchasing an additional 4,018 shares during the period. 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.