Intel (NASDAQ:INTC) Upgraded at Hsbc Global Res

Intel (NASDAQ:INTC - Get Free Report) was upgraded by equities research analysts at Hsbc Global Res from a "moderate sell" rating to a "hold" rating in a report released on Tuesday,Zacks.com reports.

A number of other brokerages also recently commented on INTC. Bank of America reaffirmed an "underperform" rating and set a $21.00 price target on shares of Intel in a research report on Tuesday, December 3rd. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a research note on Friday, November 1st. Mizuho reduced their price target on shares of Intel from $23.00 to $21.00 and set a "neutral" rating for the company in a research report on Friday, January 10th. The Goldman Sachs Group lowered their price objective on shares of Intel from $22.00 to $21.00 and set a "sell" rating on the stock in a research report on Thursday, October 17th. Finally, Barclays decreased their price target 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. Five analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $28.81.

Intel Stock Up 1.4 %

Intel stock traded up $0.29 during midday trading on Tuesday, reaching $22.06. The stock had a trading volume of 19,643,160 shares, compared to its average volume of 64,537,594. The company has a fifty day moving average price of $21.44 and a two-hundred day moving average price of $23.13. The company has a market capitalization of $95.16 billion, a P/E ratio of -5.92, a PEG ratio of 9.46 and a beta of 1.07. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. Intel has a 12 month low of $18.51 and a 12 month high of $50.30.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (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 quarter last year, the firm posted $0.28 EPS. Intel's revenue for the quarter was down 6.3% on a year-over-year basis. As a group, equities analysts expect that Intel will post -0.87 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company's stock in a transaction on 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 owns 273,258 shares in the company, valued at $7,104,708. This represents a 8.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.04% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Dunhill Financial LLC raised its stake in shares of Intel by 22.6% during the 3rd quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker's stock worth $56,000 after buying an additional 438 shares during the period. MKT Advisors LLC raised its position in Intel by 4.8% during the third quarter. MKT Advisors LLC now owns 10,762 shares of the chip maker's stock worth $241,000 after acquiring an additional 490 shares during the period. Beaton Management Co. Inc. raised its position in Intel by 2.2% during the third quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker's stock worth $544,000 after acquiring an additional 500 shares during the period. Everpar Advisors LLC increased its stake in shares of Intel by 5.1% during the third quarter. Everpar Advisors LLC now owns 10,326 shares of the chip maker's stock worth $242,000 after purchasing an additional 504 shares in the last quarter. Finally, Missouri Trust & Investment Co raised its position in shares of Intel by 3.6% during the 4th quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker's stock worth $314,000 after purchasing an additional 550 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.