Intel's (INTC) "Hold" Rating Reiterated at Needham & Company LLC

Intel (NASDAQ:INTC - Get Free Report)'s stock had its "hold" rating reissued by equities research analysts at Needham & Company LLC in a research note issued on Friday,Benzinga reports.

A number of other equities research analysts have also weighed in on INTC. HSBC raised Intel from a "reduce" rating to a "hold" rating in a research report on Tuesday, January 21st. Cantor Fitzgerald lowered their price objective on shares of Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. Wells Fargo & Company cut their target price on shares of Intel from $28.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Friday, January 31st. Roth Mkm lowered their price target on shares of Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Finally, Mizuho cut their price objective on shares of Intel from $23.00 to $21.00 and set a "neutral" rating on the stock in a report on Friday, January 10th. 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 company. Based on data from MarketBeat, Intel has a consensus rating of "Hold" and a consensus target price of $22.83.

Intel Trading Down 6.7 %

Shares of NASDAQ INTC traded down $1.44 during mid-day trading on Friday, reaching $20.05. The company had a trading volume of 147,372,216 shares, compared to its average volume of 79,457,159. The stock 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 52 week low of $17.67 and a 52 week high of $37.16. The business's 50-day moving average is $21.92 and its 200-day moving average is $21.86. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

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

Institutional Trading of Intel

Hedge funds have recently modified their holdings of the stock. Morse Asset Management Inc purchased a new position in shares of Intel during the 3rd quarter valued at approximately $354,000. Advisory Resource Group increased its holdings in Intel by 6.7% in the third quarter. Advisory Resource Group now owns 16,579 shares of the chip maker's stock valued at $389,000 after buying an additional 1,034 shares in the last quarter. SOA Wealth Advisors LLC. raised its position in shares of Intel by 7.3% in the third quarter. SOA Wealth Advisors LLC. now owns 9,076 shares of the chip maker's stock worth $213,000 after acquiring an additional 615 shares during the period. World Investment Advisors LLC grew its position in shares of Intel by 59.6% during the 3rd quarter. World Investment Advisors LLC now owns 42,990 shares of the chip maker's stock valued at $1,009,000 after acquiring an additional 16,046 shares during the period. Finally, Denver PWM LLC increased its stake in shares of Intel by 752.1% in the 3rd quarter. Denver PWM LLC now owns 26,425 shares of the chip maker's stock valued at $620,000 after purchasing an additional 23,324 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock.

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.