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

Intel Co. (NASDAQ:INTC) has been given a consensus recommendation of “Reduce” by the thirty-two brokerages that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $25.58.

A number of brokerages have issued reports on INTC. Cantor Fitzgerald raised their price objective on shares of Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Truist Financial dropped their price objective on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Benchmark restated a “hold” rating on shares of Intel in a report on Friday, January 31st. Finally, Barclays lowered their price target on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th.

Institutional Trading of Intel

Hedge funds and other institutional investors have recently modified their holdings of the stock. Finley Financial LLC bought a new position in Intel in the fourth quarter valued at approximately $25,000. Synergy Investment Management LLC bought a new position in shares of Intel in the fourth quarter valued at $27,000. Vermillion Wealth Management Inc. acquired a new position in Intel during the fourth quarter worth $27,000. BankPlus Trust Department bought a new stake in Intel during the fourth quarter worth $28,000. Finally, Keystone Financial Group Inc. acquired a new stake in Intel in the fourth quarter valued at $29,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Down 0.7 %

NASDAQ INTC opened at $19.74 on Tuesday. The stock has a market capitalization of $86.08 billion, a P/E ratio of -4.51 and a beta of 1.13. Intel has a 52 week low of $17.67 and a 52 week high of $37.16. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The stock has a fifty day moving average of $22.37 and a 200-day moving average of $22.09.

Intel (NASDAQ:INTC) last announced its quarterly earnings data 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 return on equity of 3.27% and a negative net margin of 35.32%. On average, equities research analysts forecast that Intel will post -0.11 EPS for the current 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.