Intel’s (INTC) “Hold” Rating Reiterated at Needham & Company LLC

Needham & Company LLC restated their hold rating on shares of Intel (NASDAQ:INTC) in a research report report published on Friday morning,Benzinga reports.

INTC has been the subject of a number of other research reports. UBS Group dropped their price objective on Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Mizuho cut their price target on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Stifel Nicolaus reaffirmed a “hold” rating and set a $25.00 price target (down previously from $28.00) on shares of Intel in a research report on Friday, October 25th. HSBC upgraded Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Finally, Truist Financial upped their price objective on Intel from $25.00 to $26.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Five investment analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $26.60.

Intel Trading Down 2.9 %

NASDAQ:INTC opened at $19.43 on Friday. The firm has a market cap of $83.80 billion, a price-to-earnings ratio of -5.22, a P/E/G ratio of 9.64 and a beta of 1.07. Intel has a 12 month low of $18.51 and a 12 month high of $46.63. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. The company’s 50 day moving average is $20.78 and its 200-day moving average is $22.43.

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

Insider Transactions at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the transaction, the executive vice president now owns 273,258 shares in the company, valued at approximately $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. SilverOak Wealth Management LLC boosted its holdings in Intel by 19.1% during the 4th quarter. SilverOak Wealth Management LLC now owns 22,360 shares of the chip maker’s stock worth $448,000 after acquiring an additional 3,588 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund grew its stake in shares of 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 period. Beaton Management Co. Inc. lifted its stake in shares of Intel by 8.9% during the 4th quarter. Beaton Management Co. Inc. now owns 25,282 shares of the chip maker’s stock valued at $507,000 after buying an additional 2,074 shares in the last quarter. Venturi Wealth Management LLC boosted 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 buying an additional 7,540 shares during the period. Finally, Empower Advisory Group LLC boosted its holdings in Intel by 1.9% in the 4th quarter. Empower Advisory Group LLC now owns 72,852 shares of the chip maker’s stock worth $1,461,000 after buying an additional 1,340 shares during the period. 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.