Intel Co. (NASDAQ:INTC) Receives Consensus Recommendation of “Reduce” from Brokerages

Shares of Intel Co. (NASDAQ:INTC) have earned an average recommendation of “Reduce” from the thirty-two analysts that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $26.60.

Several equities analysts have recently weighed in on the stock. 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 report on Friday, January 10th. Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Truist Financial lowered their target price on shares of Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Bank of America restated an “underperform” rating and issued a $21.00 price objective on shares of Intel in a report on Tuesday, December 3rd. Finally, Citigroup lowered their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Quest Partners LLC lifted 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. Finley Financial LLC purchased a new position in Intel in the fourth quarter worth about $25,000. Synergy Investment Management LLC purchased a new position in Intel in the fourth quarter worth about $27,000. BankPlus Trust Department purchased a new position in Intel in the fourth quarter worth about $28,000. Finally, Keystone Financial Group Inc. purchased a new position in Intel in the fourth quarter worth about $29,000. Institutional investors own 64.53% of the company’s stock.

Intel Price Performance

NASDAQ:INTC opened at $23.60 on Monday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The firm has a market cap of $102.19 billion, a price-to-earnings ratio of -5.39 and a beta of 1.08. The company has a 50 day moving average price of $20.33 and a 200-day moving average price of $21.62. Intel has a 1-year low of $18.51 and a 1-year high of $46.63.

Intel (NASDAQ:INTC) last posted 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 net margin of 35.32% and a negative return on equity of 3.27%. Equities research analysts forecast that Intel will post -0.11 EPS 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.