Intel Co. (NASDAQ:INTC) Given Average Rating of “Reduce” by Analysts

Intel Co. (NASDAQ:INTC) has been assigned a consensus rating of “Reduce” from the thirty-two brokerages that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a sell recommendation, twenty-seven have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $26.88.

A number of equities analysts have issued reports on INTC shares. Rosenblatt Securities reissued a “sell” rating and set a $20.00 price target on shares of Intel in a research report on Thursday, January 30th. UBS Group reduced their price target on shares of Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Northland Securities reduced their price target on shares of Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a report on Friday, January 31st. Finally, Wells Fargo & Company cut their target price on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, January 31st.

Intel Stock Down 4.7 %

INTC stock opened at $24.87 on Monday. The firm has a 50 day moving average of $20.75 and a 200 day moving average of $21.62. The stock has a market capitalization of $107.67 billion, a PE ratio of -5.68 and a beta of 1.08. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. Intel has a 52 week low of $18.51 and a 52 week high of $46.63.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Sell-side analysts forecast that Intel will post -0.11 earnings per share for the current year.

Institutional Investors Weigh In On Intel

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Putney Financial Group LLC acquired a new stake in Intel during the 4th quarter worth $62,000. Vermillion Wealth Management Inc. acquired a new stake in Intel during the 4th quarter worth $27,000. Forum Financial Management LP boosted its position in shares of Intel by 11.3% during the 4th quarter. Forum Financial Management LP now owns 81,899 shares of the chip maker’s stock valued at $1,642,000 after acquiring an additional 8,289 shares during the last quarter. GF Fund Management CO. LTD. acquired a new position in shares of Intel during the 4th quarter valued at about $16,389,000. Finally, Parr Mcknight Wealth Management Group LLC acquired a new position in shares of Intel during the 4th quarter valued at about $267,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

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.