Intel Co. (NASDAQ:INTC) Receives Average Recommendation of "Reduce" from Analysts

Intel Co. (NASDAQ:INTC - Get Free Report) has received a consensus recommendation of "Reduce" from the thirty-two brokerages that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $25.58.

Several research firms have commented on INTC. Rosenblatt Securities reaffirmed a "sell" rating and set a $20.00 price objective on shares of Intel in a report on Thursday, January 30th. Truist Financial cut their price objective on shares of Intel from $22.00 to $21.00 and set a "hold" rating for the company in a report on Friday, January 31st. Citigroup lowered 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. Stifel Nicolaus cut their price target on Intel from $25.00 to $21.00 and set a "hold" rating for the company in a report on Friday, January 31st. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Intel in a research report on Friday, January 31st.

Intel Stock Performance

Shares of INTC stock traded down $0.14 during trading hours on Tuesday, hitting $19.74. 128,212,455 shares of the company were exchanged, compared to its average volume of 77,914,308. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $86.08 billion, a price-to-earnings ratio of -4.51 and a beta of 1.13. The firm has a fifty day simple moving average of $22.37 and a 200 day simple moving average of $22.09. Intel has a 52-week low of $17.67 and a 52-week high of $37.16.

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Intel (NASDAQ:INTC - Get Free Report) last released its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Research analysts predict that Intel will post -0.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Intel

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Intel by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker's stock worth $7,400,439,000 after buying an additional 6,143,164 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Intel by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker's stock worth $1,909,761,000 after acquiring an additional 2,978,346 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Intel by 8.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,263,339 shares of the chip maker's stock valued at $1,268,430,000 after purchasing an additional 4,793,927 shares in the last quarter. Norges Bank bought a new position in shares of Intel during the 4th quarter valued at $1,246,569,000. Finally, Northern Trust Corp raised its position in Intel by 15.5% in the 4th quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock worth $918,522,000 after purchasing an additional 6,157,853 shares during the period. 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.