Intel (NASDAQ:INTC) Rating Increased to Hold at HSBC

HSBC upgraded shares of Intel (NASDAQ:INTC - Free Report) from a reduce rating to a hold rating in a research note published on Tuesday, MarketBeat reports.

INTC has been the subject of several other research reports. Needham & Company LLC reissued a "hold" rating on shares of Intel in a report on Friday, November 1st. Bank of America reaffirmed an "underperform" rating and set a $21.00 price target on shares of Intel in a report on Tuesday, December 3rd. Robert W. Baird increased their price objective on shares of Intel from $20.00 to $25.00 and gave the stock a "neutral" rating in a research note on Friday, November 1st. Stifel Nicolaus restated a "hold" rating and set a $25.00 target price (down previously from $28.00) on shares of Intel in a research note on Friday, October 25th. Finally, Mizuho cut their target price on Intel from $23.00 to $21.00 and set a "neutral" rating for the company in a research report on Friday, January 10th. Five equities research analysts have rated the stock with a sell rating, twenty-six have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Intel currently has an average rating of "Hold" and an average price target of $28.81.

Intel Stock Performance

NASDAQ:INTC traded up $0.50 during trading hours on Tuesday, reaching $21.99. The company had a trading volume of 64,959,297 shares, compared to its average volume of 65,627,695. Intel has a 52 week low of $18.51 and a 52 week high of $50.30. The firm's 50 day moving average price is $21.48 and its 200-day moving average price is $23.20. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. The firm has a market cap of $94.82 billion, a price-to-earnings ratio of -5.91, a PEG ratio of 9.46 and a beta of 1.07.

Intel (NASDAQ:INTC - Get Free Report) last announced its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The business had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The business's quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.28 earnings per share. On average, analysts forecast that Intel will post -0.87 EPS for the current year.

Insider Activity

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm's stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the transaction, the executive vice president now owns 273,258 shares in the company, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.04% of the company's stock.

Hedge Funds Weigh In On Intel

Hedge funds and other institutional investors have recently modified their holdings of the business. Quest Partners LLC increased its position in Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock valued at $30,000 after buying an additional 1,253 shares in the last quarter. Finley Financial LLC purchased a new position in shares of Intel in the 4th quarter valued at approximately $25,000. FSA Wealth Management LLC acquired a new stake in Intel in the 3rd quarter worth approximately $34,000. Capital Performance Advisors LLP purchased a new stake in Intel during the 3rd quarter worth approximately $36,000. Finally, West Financial Advisors LLC acquired a new position in Intel during the 4th quarter valued at approximately $31,000. 64.53% of the stock is currently owned by institutional investors.

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.