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

Shares of Intel Co. (NASDAQ:INTC) have earned a consensus recommendation of “Reduce” from the thirty-two research firms that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, twenty-eight have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $25.54.

A number of equities analysts have recently weighed in on INTC shares. Rosenblatt Securities reiterated a “sell” rating and set a $20.00 target price on shares of Intel in a research note on Thursday, January 30th. Roth Mkm decreased their price target on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Mizuho lowered their price target on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Benchmark reissued a “hold” rating on shares of Intel in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. dropped their price target on shares of Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a research report on Friday, January 31st.

Intel Trading Up 2.9 %

INTC stock opened at $20.31 on Tuesday. Intel has a one year low of $17.67 and a one year high of $37.16. The stock has a market cap of $88.56 billion, a price-to-earnings ratio of -4.64 and a beta of 1.13. The company has a fifty day moving average price of $22.38 and a two-hundred day moving average price of $22.05. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Equities analysts anticipate that Intel will post -0.11 EPS for the current year.

Institutional Investors Weigh In On Intel

A number of hedge funds and other institutional investors have recently bought and sold shares of INTC. Finley Financial LLC bought a new stake in shares of Intel during the fourth quarter worth about $25,000. Synergy Investment Management LLC bought a new position in shares of Intel during the fourth quarter valued at $27,000. Vermillion Wealth Management Inc. acquired a new position in shares of Intel during the fourth quarter worth $27,000. BankPlus Trust Department bought a new stake in shares of Intel in the fourth quarter worth $28,000. Finally, Keystone Financial Group Inc. acquired a new stake in Intel in the fourth quarter valued at $29,000. 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.