Intel's (INTC) "Hold" Rating Reiterated at Benchmark

Intel (NASDAQ:INTC - Get Free Report)'s stock had its "hold" rating restated by equities researchers at Benchmark in a report issued on Friday,Benzinga reports.

Several other analysts have also commented on the stock. Hsbc Global Res raised shares of Intel from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, January 21st. Truist Financial cut their price objective on Intel from $22.00 to $21.00 and set a "hold" rating for the company in a research report on Friday, January 31st. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a research report on Friday. HSBC raised shares of Intel from a "reduce" rating to a "hold" rating in a research report on Tuesday, January 21st. Finally, Bank of America upgraded Intel from an "underperform" rating to a "neutral" rating and raised their price target for the stock from $19.00 to $25.00 in a research report on Thursday, March 13th. Six equities research analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $22.83.

Intel Price Performance

INTC traded down $1.44 during trading on Friday, reaching $20.05. The company's stock had a trading volume of 147,372,216 shares, compared to its average volume of 79,457,159. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The firm has a fifty day simple moving average of $21.92 and a two-hundred day simple moving average of $21.86. The company has a market cap of $87.43 billion, a price-to-earnings ratio of -4.58 and a beta of 1.13. Intel has a 1 year low of $17.67 and a 1 year high of $37.16.

Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The business had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. During the same period last year, the company earned $0.18 EPS. As a group, analysts anticipate that Intel will post -0.11 EPS for the current year.

Hedge Funds Weigh In On Intel

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Finley Financial LLC purchased a new stake in Intel in the 4th quarter valued at approximately $25,000. Synergy Investment Management LLC purchased a new stake in shares of Intel in the fourth quarter valued at approximately $27,000. Vermillion Wealth Management Inc. acquired a new position in Intel during the fourth quarter worth $27,000. BankPlus Trust Department acquired a new position in Intel during the fourth quarter worth $28,000. Finally, Keystone Financial Group Inc. purchased a new position in Intel in the fourth quarter worth $29,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

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.