Intel Co. (NASDAQ:INTC) Receives Average Recommendation of “Reduce” from Analysts

Intel Co. (NASDAQ:INTC) has earned a consensus rating of “Reduce” from the thirty-one research firms that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a sell recommendation, twenty-five have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $30.04.

A number of equities analysts recently commented on the stock. Stifel Nicolaus reiterated a “hold” rating and set a $25.00 target price (down previously from $28.00) on shares of Intel in a research note on Friday, October 25th. Bank of America reaffirmed an “underperform” rating and issued a $21.00 target price on shares of Intel in a report on Tuesday. Northland Securities cut their price target on shares of Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Daiwa America upgraded shares of Intel to a “hold” rating in a research report on Monday, August 26th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a research report on Thursday, October 3rd.

Intel Stock Down 6.1 %

Intel stock opened at $22.47 on Wednesday. Intel has a fifty-two week low of $18.51 and a fifty-two week high of $51.28. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The firm has a 50 day moving average price of $23.50 and a 200 day moving average price of $25.73. The company has a market capitalization of $96.91 billion, a PE ratio of -6.04 and a beta of 1.05.

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

Insider Activity

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 transaction of $650,000.00. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.04% of the company’s stock.

Institutional Investors Weigh In On Intel

Large investors have recently added to or reduced their stakes in the company. America First Investment Advisors LLC acquired a new position in Intel during the 2nd quarter worth $25,000. Cyrus J. Lawrence LLC acquired a new position in Intel during the 2nd quarter worth $27,000. Quest Partners LLC grew its holdings in Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after acquiring an additional 1,253 shares in the last quarter. Spartan Fund Management Inc. acquired a new position in Intel during the 2nd quarter worth $31,000. Finally, Financial Connections Group Inc. acquired a new position in Intel during the 2nd quarter worth $32,000. 64.53% of the stock is owned by institutional investors and hedge funds.

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.