Intel (NASDAQ:INTC) Receives “Hold” Rating from Benchmark

Benchmark restated their hold rating on shares of Intel (NASDAQ:INTC) in a research report report published on Friday,Benzinga reports.

A number of other equities research analysts also recently weighed in on INTC. The Goldman Sachs Group dropped their price target on shares of Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research report on Thursday, October 17th. Barclays cut their target price on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Bank of America reaffirmed an “underperform” rating and set a $21.00 price objective on shares of Intel in a research report on Tuesday, December 3rd. Finally, Citigroup decreased their target price on shares of Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Five equities research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $26.60.

Intel Stock Performance

Shares of NASDAQ INTC opened at $19.43 on Friday. 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 market cap of $83.80 billion, a price-to-earnings ratio of -5.22, a P/E/G ratio of 9.64 and a beta of 1.07. The stock’s fifty day moving average price is $20.78 and its two-hundred day moving average price is $22.51. Intel has a one year low of $18.51 and a one year high of $46.63.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. On average, equities analysts forecast that Intel will post -0.87 EPS for the current year.

Insider Buying and Selling at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was 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 directly owns 273,258 shares in the company, valued at $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.04% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Intel

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quest Partners LLC grew its position in Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after buying an additional 1,253 shares during the period. Finley Financial LLC purchased a new stake in shares of Intel during the 4th quarter worth about $25,000. Keystone Financial Group Inc. acquired a new position in shares of Intel during the fourth quarter worth about $29,000. FSA Wealth Management LLC purchased a new position in shares of Intel in the third quarter valued at $34,000. Finally, Capital Performance Advisors LLP purchased a new stake in Intel during the 3rd quarter worth approximately $36,000. Hedge funds and other 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.