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

Intel Co. (NASDAQ:INTC) has earned an average rating of “Reduce” from the thirty-one analysts that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $30.12.

INTC has been the subject of a number of recent analyst reports. Wedbush cut their price objective on Intel from $32.50 to $25.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Rosenblatt Securities reiterated a “sell” rating and set a $17.00 price target on shares of Intel in a research report on Tuesday, October 29th. UBS Group lowered their price objective on shares of Intel from $37.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Barclays cut their target price on Intel from $40.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, August 2nd. Finally, Hsbc Global Res lowered Intel from a “hold” rating to a “moderate sell” rating in a research report on Friday, August 2nd.

Intel Stock Performance

Intel stock opened at $24.92 on Friday. The stock has a market cap of $107.48 billion, a price-to-earnings ratio of -6.70 and a beta of 1.03. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The firm has a 50 day simple moving average of $22.36 and a 200-day simple moving average of $26.43. 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 data on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.44). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The business had revenue of $13.30 billion during the quarter, compared to analysts’ expectations of $13.02 billion. During the same quarter in the previous year, the company posted $0.28 earnings per share. The company’s revenue was down 6.3% on a year-over-year basis. On average, analysts expect that Intel will post -0.83 EPS for the current year.

Insider Activity at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the sale, the executive vice president now owns 273,258 shares in the company, valued at approximately $7,104,708. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. CreativeOne Wealth LLC lifted its position in Intel by 104.9% during the 3rd quarter. CreativeOne Wealth LLC now owns 60,831 shares of the chip maker’s stock worth $1,427,000 after acquiring an additional 31,143 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Intel by 4.4% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,624,859 shares of the chip maker’s stock valued at $108,499,000 after purchasing an additional 193,110 shares during the period. Blueshift Asset Management LLC raised its stake in shares of Intel by 118.2% during the third quarter. Blueshift Asset Management LLC now owns 67,934 shares of the chip maker’s stock worth $1,594,000 after purchasing an additional 36,798 shares during the last quarter. Townsquare Capital LLC lifted its holdings in shares of Intel by 2.7% during the third quarter. Townsquare Capital LLC now owns 61,109 shares of the chip maker’s stock worth $1,434,000 after purchasing an additional 1,633 shares during the period. Finally, Shum Financial Group Inc. purchased a new position in Intel in the 3rd quarter valued at $213,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

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.