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

Intel Co. (NASDAQ:INTC) has received an average rating of “Reduce” from the thirty-one brokerages that are presently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $30.04.

Several research analysts recently weighed in on the company. Northland Securities reduced their price target on Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Stifel Nicolaus reissued a “hold” rating and set a $25.00 price target (down from $28.00) on shares of Intel in a report on Friday, October 25th. TD Cowen raised shares of Intel to a “hold” rating in a report on Monday, September 16th. Mizuho increased their target price on shares of Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Finally, Truist Financial lifted their price target on Intel from $25.00 to $26.00 and gave the company a “hold” rating in a research note on Friday, November 1st.

Insiders Place Their Bets

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the sale, the executive vice president now owns 273,258 shares of the company’s stock, valued at $7,104,708. This represents a 8.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. America First Investment Advisors LLC acquired a new stake in Intel during the second quarter worth $25,000. Cyrus J. Lawrence LLC purchased a new position in shares of Intel during the 2nd quarter worth $27,000. Spartan Fund Management Inc. purchased a new position in shares of Intel during the 2nd quarter worth $31,000. Financial Connections Group Inc. acquired a new stake in shares of Intel during the 2nd quarter worth about $32,000. Finally, Triad Wealth Partners LLC purchased a new stake in Intel in the 2nd quarter valued at about $33,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Price Performance

NASDAQ INTC opened at $20.16 on Wednesday. The stock’s fifty day moving average price is $23.29 and its 200 day moving average price is $25.44. 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 company has a market cap of $86.95 billion, a price-to-earnings ratio of -5.42 and a beta of 1.05. Intel has a 1 year low of $18.51 and a 1 year high of $51.28.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). The business had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.28 earnings per share. As a group, equities research analysts forecast that Intel will post -0.87 earnings per share 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.