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

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

A number of other analysts have also recently weighed in on the stock. HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. UBS Group dropped their price objective on shares of Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Mizuho dropped their price target on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Finally, Truist Financial boosted their price target on shares of Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Five investment analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Intel has an average rating of “Hold” and a consensus price target of $26.60.

Intel Stock Down 2.9 %

Shares of NASDAQ:INTC opened at $19.43 on Friday. The stock has a market capitalization of $83.80 billion, a price-to-earnings ratio of -5.22, a price-to-earnings-growth ratio of 9.64 and a beta of 1.07. Intel has a 1-year low of $18.51 and a 1-year high of $46.63. The company’s fifty day moving average is $20.88 and its two-hundred day moving average is $22.62. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31.

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

Insider Transactions at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.04% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Intel

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Quest Partners LLC increased its holdings in Intel by 7,370.6% in 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 bought a new stake in Intel in the 4th quarter valued at $25,000. Keystone Financial Group Inc. bought a new stake in Intel in the 4th quarter valued at $29,000. FSA Wealth Management LLC bought a new stake in Intel in the 3rd quarter valued at $34,000. Finally, Capital Performance Advisors LLP bought a new stake in Intel in the 3rd quarter valued at $36,000. Institutional investors 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.