Intel’s (INTC) “Neutral” Rating Reaffirmed at Cantor Fitzgerald

Intel (NASDAQ:INTC)‘s stock had its “neutral” rating reissued by investment analysts at Cantor Fitzgerald in a report issued on Friday,Benzinga reports. They presently have a $22.00 price target on the chip maker’s stock. Cantor Fitzgerald’s target price would suggest a potential upside of 9.06% from the stock’s previous close.

INTC has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Intel from $27.00 to $25.00 and set a “hold” rating for the company in a research note on Thursday, October 3rd. Rosenblatt Securities reaffirmed a “sell” rating and set a $20.00 price objective on shares of Intel in a report on Thursday. Benchmark reaffirmed a “hold” rating on shares of Intel in a research report on Friday. Stifel Nicolaus restated a “hold” rating and set a $25.00 target price (down from $28.00) on shares of Intel in a research report on Friday, October 25th. Finally, Bank of America reissued an “underperform” rating and set a $21.00 price target on shares of Intel in a report on Tuesday, December 3rd. Five research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $27.08.

Intel Price Performance

Shares of NASDAQ INTC traded up $0.16 during trading on Friday, hitting $20.17. The company had a trading volume of 44,473,752 shares, compared to its average volume of 69,708,031. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. Intel has a fifty-two week low of $18.51 and a fifty-two week high of $46.63. The firm has a market capitalization of $87.00 billion, a price-to-earnings ratio of -5.41, a price-to-earnings-growth ratio of 9.64 and a beta of 1.07. The stock has a fifty day simple moving average of $20.88 and a two-hundred day simple moving average of $22.62.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (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, research analysts expect that Intel will post -0.87 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. This trade represents a 8.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in INTC. Quest Partners LLC increased its holdings in shares of Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after acquiring an additional 1,253 shares during the last quarter. Finley Financial LLC bought a new stake in shares of Intel during the 4th quarter worth about $25,000. Keystone Financial Group Inc. bought a new position in Intel in the 4th quarter valued at about $29,000. FSA Wealth Management LLC acquired a new stake in Intel during the third quarter worth approximately $34,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Intel in the third quarter valued at approximately $36,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

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.