Needham & Company LLC Reaffirms “Hold” Rating for Intel (NASDAQ:INTC)

Intel (NASDAQ:INTC)‘s stock had its “hold” rating reissued by investment analysts at Needham & Company LLC in a report issued on Friday,Benzinga reports.

Other equities research analysts also recently issued reports about the stock. Barclays reduced their price target on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Bank of America reaffirmed an “underperform” rating and set a $21.00 target price on shares of Intel in a research note on Tuesday, December 3rd. Rosenblatt Securities reiterated a “sell” rating and issued a $20.00 price target on shares of Intel in a research note on Thursday. Robert W. Baird boosted their price objective on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Five analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Intel has an average rating of “Hold” and an average price target of $27.80.

Intel Stock Performance

Shares of NASDAQ:INTC opened at $20.01 on Friday. Intel has a 1 year low of $18.51 and a 1 year high of $46.63. The stock has a market capitalization of $86.30 billion, a price-to-earnings ratio of -5.38, a price-to-earnings-growth ratio of 9.64 and a beta of 1.07. 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 company’s 50 day simple moving average is $20.97 and its 200 day simple moving average is $22.63.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. As a group, research analysts predict that Intel will post -0.87 EPS for the current fiscal year.

Insider Activity

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction 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 completion of the sale, the executive vice president now owns 273,258 shares in the company, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.04% of the company’s stock.

Institutional Investors Weigh In On Intel

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Finley Financial LLC bought a new stake in Intel during the 4th quarter worth approximately $25,000. Keystone Financial Group Inc. bought a new stake in Intel during the fourth quarter worth $29,000. Quest Partners LLC raised its position in Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after buying an additional 1,253 shares during the last quarter. West Financial Advisors LLC bought a new position in Intel during the 4th quarter valued at $31,000. Finally, Groupama Asset Managment boosted its holdings in Intel by 6.3% during the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after acquiring an additional 8,084 shares during the last quarter. 64.53% of the stock is owned by 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.