Intel (NASDAQ:INTC) Receives Hold Rating from Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of Intel (NASDAQ:INTC - Free Report) in a research note released on Friday morning,Benzinga reports.

A number of other equities analysts also recently issued reports on INTC. UBS Group lowered their price target on Intel from $26.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, January 21st. HSBC raised Intel from a "reduce" rating to a "hold" rating in a report on Tuesday, January 21st. Truist Financial increased 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. Barclays decreased their price objective on Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a report on Friday, January 17th. Finally, Robert W. Baird increased their price objective on Intel from $20.00 to $25.00 and gave the company a "neutral" rating in a report on Friday, November 1st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Intel currently has a consensus rating of "Hold" and a consensus price target of $26.60.

Intel Trading Down 0.3 %

NASDAQ:INTC traded down $0.05 on Friday, reaching $19.38. 77,189,602 shares of the company's stock were exchanged, compared to its average volume of 73,837,188. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $83.59 billion, a price-to-earnings ratio of -4.42, a price-to-earnings-growth ratio of 9.49 and a beta of 1.08. The business has a fifty day moving average of $20.78 and a 200-day moving average of $22.34. Intel has a 52-week low of $18.51 and a 52-week high of $46.63.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) 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, analysts expect that Intel will post 0.19 earnings per share for the current year.

Insider Transactions at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.04% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Finley Financial LLC bought a new stake in shares of Intel in the 4th quarter worth $25,000. Keystone Financial Group Inc. acquired a new position in shares of Intel during the 4th quarter worth about $29,000. Quest Partners LLC raised its holdings in Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock valued at $30,000 after acquiring an additional 1,253 shares in the last quarter. West Financial Advisors LLC acquired a new position in shares of Intel in the 4th quarter worth approximately $31,000. Finally, Groupama Asset Managment grew its position in Intel by 6.3% during the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker's stock worth $32,000 after acquiring an additional 8,084 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.