Intel Co. (NASDAQ:INTC) Receives Consensus Rating of "Reduce" from Analysts

Shares of Intel Co. (NASDAQ:INTC - Get Free Report) have been given a consensus recommendation of "Reduce" by the thirty-two analysts that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, twenty-seven have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $27.88.

INTC has been the subject of several recent research reports. Rosenblatt Securities reiterated a "sell" rating and issued a $17.00 price target on shares of Intel in a report on Tuesday, October 29th. Barclays dropped their price objective on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Friday, January 17th. Mizuho lowered their price target on shares of Intel from $23.00 to $21.00 and set a "neutral" rating for the company in a report on Friday, January 10th. Benchmark restated a "hold" rating on shares of Intel in a research note on Friday, November 1st. Finally, Bank of America reiterated an "underperform" rating and issued a $21.00 price target on shares of Intel in a research note on Tuesday, December 3rd.

Intel Trading Down 3.4 %

INTC traded down $0.74 during trading on Thursday, hitting $20.83. The company's stock had a trading volume of 66,104,293 shares, compared to its average volume of 53,998,324. Intel has a twelve month low of $18.51 and a twelve month high of $50.30. The stock has a market cap of $89.84 billion, a PE ratio of -5.60, a PEG ratio of 9.72 and a beta of 1.07. The firm's 50 day moving average price is $21.23 and its 200-day moving average price is $22.93. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97.

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

Insider Activity at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the transaction, the executive vice president now owns 273,258 shares of the company's stock, valued at approximately $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.04% of the stock is owned by company insiders.

Hedge Funds Weigh In On Intel

A number of hedge funds have recently made changes to their positions in the business. Optas LLC raised its stake in Intel by 4.2% during the fourth quarter. Optas LLC now owns 24,852 shares of the chip maker's stock worth $498,000 after acquiring an additional 993 shares in the last quarter. Rheos Capital Works Inc. boosted its stake in shares of Intel by 12.1% in the 4th quarter. Rheos Capital Works Inc. now owns 277,000 shares of the chip maker's stock valued at $5,554,000 after purchasing an additional 30,000 shares in the last quarter. Princeton Global Asset Management LLC grew its holdings in shares of Intel by 86.6% in the 4th quarter. Princeton Global Asset Management LLC now owns 3,416 shares of the chip maker's stock worth $68,000 after purchasing an additional 1,585 shares during the last quarter. HHM Wealth Advisors LLC increased its position in shares of Intel by 18.2% during the 4th quarter. HHM Wealth Advisors LLC now owns 9,128 shares of the chip maker's stock worth $183,000 after purchasing an additional 1,406 shares in the last quarter. Finally, Willis Investment Counsel lifted its holdings in Intel by 0.8% during the 4th quarter. Willis Investment Counsel now owns 300,787 shares of the chip maker's stock valued at $6,031,000 after purchasing an additional 2,322 shares during the last quarter. 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.