Intel (NASDAQ:INTC) Upgraded by StockNews.com to "Hold" Rating

Intel (NASDAQ:INTC - Get Free Report) was upgraded by stock analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued to investors on Monday.

Several other research analysts also recently commented on INTC. Morgan Stanley cut their price target on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a report on Friday. UBS Group cut their price target on shares of Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a report on Friday. Needham & Company LLC reissued a "hold" rating on shares of Intel in a report on Friday. Cantor Fitzgerald cut their price target on shares of Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Finally, Wedbush cut their price target on shares of Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Five investment 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 stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $22.23.

Intel Stock Performance

Intel stock traded up $0.46 during mid-day trading on Monday, reaching $20.51. The company's stock had a trading volume of 96,442,716 shares, compared to its average volume of 79,525,797. Intel has a 12-month low of $17.67 and a 12-month high of $37.16. The company has a market capitalization of $89.44 billion, a P/E ratio of -4.68 and a beta of 1.13. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The firm's fifty day moving average price is $21.82 and its two-hundred day moving average price is $21.83.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $12.26 billion. During the same period in the previous year, the business earned $0.18 EPS. Intel's revenue was down .4% compared to the same quarter last year. Sell-side analysts predict that Intel will post -0.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Intel

Institutional investors and hedge funds have recently bought and sold shares of the stock. Finley Financial LLC bought a new position in Intel during the 4th quarter worth approximately $25,000. Synergy Investment Management LLC purchased a new position in shares of Intel during the fourth quarter valued at approximately $27,000. Vermillion Wealth Management Inc. purchased a new position in shares of Intel during the fourth quarter valued at approximately $27,000. BankPlus Trust Department purchased a new position in shares of Intel during the fourth quarter valued at approximately $28,000. Finally, Keystone Financial Group Inc. purchased a new position in shares of Intel during the fourth quarter valued at approximately $29,000. 64.53% of the stock is currently owned by institutional investors.

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.

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