Intel (NASDAQ:INTC) Upgraded to "Hold" at HSBC

HSBC upgraded shares of Intel (NASDAQ:INTC - Free Report) from a reduce rating to a hold rating in a research report released on Tuesday morning, MarketBeat reports.

Several other equities analysts have also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Intel from $27.00 to $25.00 and set a "hold" rating for the company in a research note on Thursday, October 3rd. Barclays dropped their target price on Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Friday, January 17th. Stifel Nicolaus reaffirmed a "hold" rating and issued a $25.00 price target (down previously from $28.00) on shares of Intel in a report on Friday, October 25th. Truist Financial raised their price objective on Intel from $25.00 to $26.00 and gave the company a "hold" rating in a report on Friday, November 1st. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a research note on Friday, November 1st. Five investment analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $28.81.

Intel Stock Up 1.3 %

Shares of INTC stock opened at $21.77 on Tuesday. Intel has a fifty-two week low of $18.51 and a fifty-two week high of $50.30. The firm has a market capitalization of $93.89 billion, a PE ratio of -5.85, a P/E/G ratio of 9.46 and a beta of 1.07. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The stock's 50-day simple moving average is $21.44 and its 200-day simple moving average is $23.13.

Intel (NASDAQ:INTC - Get Free Report) last posted 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). The business had revenue of $13.30 billion for the quarter, compared to analysts' expectations of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The business's quarterly revenue was down 6.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.28 earnings per share. Equities analysts expect that Intel will post -0.87 earnings per share for the current year.

Insider Activity

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business's stock in a transaction that occurred 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 sale, the executive vice president now directly owns 273,258 shares of the company's stock, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.04% of the company's stock.

Institutional Trading of Intel

Several institutional investors have recently added to or reduced their stakes in INTC. Quest Partners LLC grew its stake in shares of Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock valued at $30,000 after buying an additional 1,253 shares in the last quarter. Finley Financial LLC acquired a new position in Intel in the 4th quarter valued at about $25,000. FSA Wealth Management LLC purchased a new stake in Intel during the third quarter worth about $34,000. Capital Performance Advisors LLP acquired a new stake in shares of Intel during the third quarter worth about $36,000. Finally, West Financial Advisors LLC purchased a new position in shares of Intel in the fourth quarter valued at approximately $31,000. 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.