Intel Co. (NASDAQ:INTC) Given Average Recommendation of “Reduce” by Brokerages

Intel Co. (NASDAQ:INTC) has been given a consensus rating of “Reduce” by the thirty-two analysts that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, twenty-eight have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $27.04.

INTC has been the subject of several recent research reports. UBS Group decreased 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. Stifel Nicolaus lowered their target price on shares of Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Truist Financial decreased their price target 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. Roth Mkm cut their target price on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Finally, Citigroup dropped their price target on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st.

Institutional Investors Weigh In On Intel

Several institutional investors and hedge funds have recently added to or reduced their stakes in INTC. Quest Partners LLC boosted its holdings in shares of Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after buying an additional 1,253 shares during the last quarter. Finley Financial LLC bought a new stake in shares of Intel in the 4th quarter worth about $25,000. Vermillion Wealth Management Inc. purchased a new stake in shares of Intel in the fourth quarter valued at $27,000. Synergy Investment Management LLC purchased a new position in Intel during the 4th quarter worth $27,000. Finally, BankPlus Trust Department purchased a new position in shares of Intel in the 4th quarter valued at $28,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Stock Performance

Shares of INTC stock opened at $23.70 on Friday. Intel has a 12 month low of $18.51 and a 12 month high of $45.41. The firm has a market capitalization of $102.62 billion, a PE ratio of -5.41 and a beta of 1.02. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The firm has a fifty day simple moving average of $21.38 and a two-hundred day simple moving average of $21.81.

Intel (NASDAQ:INTC) last released its 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 35.32% and a negative return on equity of 3.27%. Analysts forecast that Intel will post -0.11 EPS for the current fiscal year.

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.