Intel’s (INTC) Hold Rating Reaffirmed at Benchmark

Intel (NASDAQ:INTCGet Free Report)‘s stock had its “hold” rating restated by research analysts at Benchmark in a research note issued on Friday,Benzinga reports.

Several other equities analysts have also issued reports on INTC. Bank of America reiterated an “underperform” rating and set a $21.00 target price on shares of Intel in a report on Tuesday, December 3rd. UBS Group dropped their price target on shares of Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Roth Mkm reduced their price target on shares of Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday. Citigroup cut their target price on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Finally, Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Intel currently has a consensus rating of “Hold” and a consensus price target of $27.80.

Read Our Latest Report on Intel

Intel Stock Performance

Shares of INTC opened at $20.01 on Friday. Intel has a one year low of $18.51 and a one year high of $46.63. The company has a 50-day simple moving average of $20.97 and a two-hundred day simple moving average of $22.63. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The firm has a market capitalization of $86.30 billion, a PE ratio of -5.38, a price-to-earnings-growth ratio of 9.64 and a beta of 1.07.

Intel (NASDAQ:INTCGet Free Report) last released its earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. On average, analysts anticipate that Intel will post -0.87 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the transaction, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.04% of the company’s stock.

Institutional Trading of Intel

Large investors have recently made changes to their positions in the business. Capital Performance Advisors LLP raised its holdings in Intel by 533.9% during the 4th quarter. Capital Performance Advisors LLP now owns 9,851 shares of the chip maker’s stock valued at $198,000 after buying an additional 8,297 shares during the period. Sierra Ocean LLC purchased a new stake in shares of Intel in the fourth quarter valued at $36,000. Csenge Advisory Group boosted its stake in shares of Intel by 10.0% during the 4th quarter. Csenge Advisory Group now owns 41,739 shares of the chip maker’s stock worth $837,000 after purchasing an additional 3,780 shares during the period. Strategic Financial Concepts LLC bought a new position in Intel during the 4th quarter valued at about $782,000. Finally, Allworth Financial LP raised its position in Intel by 9.2% in the 4th quarter. Allworth Financial LP now owns 253,820 shares of the chip maker’s stock worth $5,549,000 after purchasing an additional 21,425 shares during the period. 64.53% of the stock is currently owned by institutional investors.

Intel Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Intel (NASDAQ:INTC)

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