Intel Co. (NASDAQ:INTC) Given Consensus Rating of "Reduce" by Brokerages

Intel Co. (NASDAQ:INTC - Get Free Report) has been assigned a consensus recommendation of "Reduce" from the thirty-two brokerages that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, twenty-seven have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $26.88.

Several brokerages have recently weighed in on INTC. Rosenblatt Securities reaffirmed a "sell" rating and set a $20.00 target price on shares of Intel in a research note on Thursday, January 30th. Barclays reduced their target price on Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research note on Friday, January 17th. Northland Securities reduced their target price on Intel from $42.00 to $28.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. UBS Group dropped their price target on Intel from $26.00 to $23.00 and set a "neutral" rating for the company in a research report on Tuesday, January 21st. Finally, Bank of America reiterated an "underperform" rating and set a $21.00 price target on shares of Intel in a research report on Tuesday, December 3rd.

Intel Stock Performance

NASDAQ:INTC traded down $1.04 during trading hours on Monday, reaching $25.05. The company had a trading volume of 64,441,187 shares, compared to its average volume of 96,579,078. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The firm has a market cap of $108.47 billion, a PE ratio of -5.73 and a beta of 1.08. The business's 50 day moving average price is $20.75 and its 200-day moving average price is $21.62. Intel has a 1-year low of $18.51 and a 1-year high of $46.63.

Intel (NASDAQ:INTC - Get Free Report) last announced its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing the consensus estimate 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 forecast that Intel will post -0.11 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Intel by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker's stock valued at $7,400,439,000 after buying an additional 6,143,164 shares during the period. State Street Corp raised its holdings in Intel by 2.8% during the third quarter. State Street Corp now owns 197,958,739 shares of the chip maker's stock worth $4,644,112,000 after purchasing an additional 5,417,753 shares during the last quarter. Geode Capital Management LLC raised its holdings in Intel by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker's stock worth $1,909,761,000 after purchasing an additional 2,978,346 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Intel by 8.2% during the fourth 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 worth $1,268,430,000 after purchasing an additional 4,793,927 shares during the last quarter. Finally, Norges Bank acquired a new position in Intel during the fourth quarter worth $1,246,569,000. 64.53% of the stock is currently owned by hedge funds and other 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.