Intel (NASDAQ:INTC) Given Sell Rating at Rosenblatt Securities

Intel (NASDAQ:INTC - Get Free Report)'s stock had its "sell" rating reiterated by equities researchers at Rosenblatt Securities in a report issued on Thursday,Benzinga reports. They presently have a $20.00 price objective on the chip maker's stock. Rosenblatt Securities' target price points to a potential upside of 2.33% from the company's previous close.

Several other equities analysts have also recently weighed in on the company. The Goldman Sachs Group dropped their price objective on Intel from $22.00 to $21.00 and set a "sell" rating on the stock in a research note on Thursday, October 17th. UBS Group cut their price target on shares of Intel from $26.00 to $23.00 and set a "neutral" rating on the stock in a report on Tuesday, January 21st. Barclays decreased their price objective on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research note on Friday, January 17th. Bank of America restated an "underperform" rating and issued a $21.00 target price on shares of Intel in a research note on Tuesday, December 3rd. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a research report on Friday, November 1st. Five investment analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $26.60.

Intel Stock Up 0.6 %

INTC traded up $0.12 during trading on Thursday, hitting $19.55. 57,376,668 shares of the company's stock were exchanged, compared to its average volume of 72,802,227. The stock has a market cap of $84.30 billion, a P/E ratio of -4.47, a PEG ratio of 9.49 and a beta of 1.08. The business's 50 day moving average is $20.78 and its two-hundred day moving average is $22.34. Intel has a fifty-two week low of $18.51 and a fifty-two week high of $46.63. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC - Get Free Report) last posted its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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%. As a group, equities analysts expect that Intel will post 0.19 earnings per share for the current fiscal year.

Insider Activity

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the sale, the executive vice president now directly owns 273,258 shares in the company, valued at $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 available at this link. Insiders own 0.04% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Assenagon Asset Management S.A. boosted its holdings in shares of Intel by 264.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker's stock valued at $393,323,000 after buying an additional 14,227,458 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Intel by 28.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 58,469,412 shares of the chip maker's stock worth $1,371,692,000 after acquiring an additional 12,865,308 shares in the last quarter. Van ECK Associates Corp grew its holdings in Intel by 27.2% in the third quarter. Van ECK Associates Corp now owns 44,013,936 shares of the chip maker's stock worth $967,426,000 after purchasing an additional 9,422,136 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Intel by 224.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 10,413,544 shares of the chip maker's stock valued at $244,302,000 after purchasing an additional 7,207,785 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Intel by 2.8% during the third quarter. State Street Corp now owns 197,958,739 shares of the chip maker's stock valued at $4,644,112,000 after purchasing an additional 5,417,753 shares during the last quarter. Hedge funds and other institutional investors 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.