Intel’s (INTC) Neutral Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reiterated their neutral rating on shares of Intel (NASDAQ:INTC) in a report published on Friday morning,Benzinga reports. They currently have a $22.00 target price on the chip maker’s stock.

Several other equities analysts have also recently issued reports on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a report on Friday. The Goldman Sachs Group lowered their price objective on shares of Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a research note on Thursday, October 17th. Mizuho cut their target price on shares of Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Benchmark reiterated a “hold” rating on shares of Intel in a research report on Friday. Finally, Wells Fargo & Company cut their price objective on Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday. Five investment analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $26.60.

Intel Price Performance

Intel stock opened at $19.43 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. Intel has a one year low of $18.51 and a one year high of $46.63. The company has a market cap of $83.80 billion, a P/E ratio of -5.22, a price-to-earnings-growth ratio of 9.64 and a beta of 1.07. The business has a fifty day moving average of $20.78 and a two-hundred day moving average of $22.43.

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

Insider Transactions at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.04% of the stock is owned by insiders.

Institutional Investors Weigh In On Intel

Large investors have recently added to or reduced their stakes in the stock. SilverOak Wealth Management LLC boosted its stake in Intel by 19.1% in the fourth quarter. SilverOak Wealth Management LLC now owns 22,360 shares of the chip maker’s stock valued at $448,000 after buying an additional 3,588 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund grew its position in Intel by 39.3% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 176,037 shares of the chip maker’s stock worth $3,530,000 after acquiring an additional 49,702 shares during the last quarter. Beaton Management Co. Inc. increased its holdings in Intel by 8.9% in the 4th quarter. Beaton Management Co. Inc. now owns 25,282 shares of the chip maker’s stock worth $507,000 after purchasing an additional 2,074 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in Intel by 588.6% in the 4th quarter. Venturi Wealth Management LLC now owns 8,821 shares of the chip maker’s stock worth $177,000 after purchasing an additional 7,540 shares in the last quarter. Finally, Empower Advisory Group LLC raised its position in Intel by 1.9% in the fourth quarter. Empower Advisory Group LLC now owns 72,852 shares of the chip maker’s stock valued at $1,461,000 after purchasing an additional 1,340 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Company Profile

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.