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

Shares of Intel Co. (NASDAQ:INTC) have been given a consensus rating of “Reduce” by the thirty-one analysts that are presently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $30.04.

A number of research firms have recently weighed in on INTC. Benchmark reaffirmed a “hold” rating on shares of Intel in a research note on Friday, November 1st. Truist Financial increased their target price on shares of Intel from $25.00 to $26.00 and gave the company a “hold” rating in a report on Friday, November 1st. TD Cowen raised Intel to a “hold” rating in a research note on Monday, September 16th. The Goldman Sachs Group dropped their price objective on Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research note on Thursday, October 17th. Finally, Bank of America reiterated an “underperform” rating and set a $21.00 target price on shares of Intel in a research report on Tuesday, December 3rd.

Insider Activity

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

Institutional Trading of Intel

A number of institutional investors and hedge funds have recently bought and sold shares of the business. America First Investment Advisors LLC acquired a new stake in Intel in the 2nd quarter valued at $25,000. Cyrus J. Lawrence LLC acquired a new stake in shares of Intel in the second quarter valued at about $27,000. Quest Partners LLC raised its holdings in shares of Intel by 7,370.6% during 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 period. Spartan Fund Management Inc. acquired a new position in Intel during the 2nd quarter worth approximately $31,000. Finally, Groupama Asset Managment boosted its holdings in Intel by 6.3% in 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 period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Price Performance

Shares of NASDAQ:INTC opened at $20.30 on Friday. Intel has a 52 week low of $18.51 and a 52 week high of $50.87. The company has a 50-day moving average price of $22.55 and a 200 day moving average price of $24.46. The company has a market cap of $87.55 billion, a P/E ratio of -5.46 and a beta of 1.05. 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 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 net margin of 29.42% and a negative return on equity of 1.71%. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.28 earnings per share. Research analysts predict that Intel will post -0.87 earnings per share for the current year.

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.