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

Shares of Intel Co. (NASDAQ:INTC) have been given a consensus recommendation of “Reduce” by the thirty-one research firms that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $30.12.

INTC has been the topic of several recent research reports. Argus downgraded shares of Intel from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Bank of America downgraded Intel from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $35.00 to $23.00 in a research report on Friday, August 2nd. Rosenblatt Securities restated a “sell” rating and issued a $17.00 target price on shares of Intel in a research report on Tuesday, October 29th. Northland Securities reduced their price target on Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Intel from $27.00 to $25.00 and set a “hold” rating for the company in a research note on Thursday, October 3rd.

Insider Transactions at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction on 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 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.04% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Darwin Wealth Management LLC acquired a new stake in Intel in the third quarter valued at $48,000. Howe & Rusling Inc. increased its position in Intel by 8.2% during the third quarter. Howe & Rusling Inc. now owns 31,613 shares of the chip maker’s stock worth $742,000 after buying an additional 2,396 shares during the last quarter. Prospera Private Wealth LLC acquired a new position in Intel during the third quarter worth approximately $64,000. Premier Fund Managers Ltd raised its stake in Intel by 62.3% in the third quarter. Premier Fund Managers Ltd now owns 248,678 shares of the chip maker’s stock valued at $5,942,000 after buying an additional 95,429 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Intel in the third quarter valued at approximately $6,698,000. Institutional investors own 64.53% of the company’s stock.

Intel Price Performance

Shares of INTC stock opened at $26.20 on Friday. The firm has a market cap of $113.00 billion, a P/E ratio of -7.04 and a beta of 1.03. The firm has a fifty day moving average of $22.22 and a two-hundred day moving average of $26.66. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. Intel has a 1-year low of $18.51 and a 1-year high of $51.28.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The firm had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. During the same quarter last year, the firm posted $0.28 earnings per share. Intel’s revenue was down 6.3% compared to the same quarter last year. As a group, research analysts anticipate that Intel will post -0.83 earnings per share for the current fiscal 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.