Intel's (INTC) Sell Rating Reaffirmed at Rosenblatt Securities

Intel (NASDAQ:INTC - Get Free Report)'s stock had its "sell" rating reaffirmed by analysts at Rosenblatt Securities in a report issued on Thursday,Benzinga reports. They presently have a $20.00 target price on the chip maker's stock. Rosenblatt Securities' price target would suggest a potential downside of 0.05% from the company's previous close.

A number of other analysts also recently issued reports on INTC. Bank of America reaffirmed an "underperform" rating and issued a $21.00 price objective on shares of Intel in a research note on Tuesday, December 3rd. Citigroup lowered their price objective on shares of Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a research report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft dropped their price objective 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. The Goldman Sachs Group decreased their target price 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, Hsbc Global Res upgraded Intel from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, January 21st. Five investment 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 stock. Based on data from MarketBeat, Intel presently has an average rating of "Hold" and an average target price of $28.00.

Intel Price Performance

Shares of INTC stock traded up $0.26 during mid-day trading on Thursday, hitting $20.01. The company had a trading volume of 102,071,077 shares, compared to its average volume of 70,822,969. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The company has a market capitalization of $86.30 billion, a P/E ratio of -5.38, a P/E/G ratio of 9.72 and a beta of 1.07. The stock's 50 day moving average price is $20.97 and its 200-day moving average price is $22.63. Intel has a 52-week low of $18.51 and a 52-week high of $46.63.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. Equities research analysts forecast that Intel will post -0.87 earnings per share for the current year.

Insider Activity

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business'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 transaction, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.04% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Finley Financial LLC acquired a new stake in Intel in the fourth quarter worth about $25,000. Keystone Financial Group Inc. purchased a new position in shares of Intel in the 4th quarter valued at approximately $29,000. Quest Partners LLC boosted its stake in Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock worth $30,000 after purchasing an additional 1,253 shares in the last quarter. West Financial Advisors LLC purchased a new stake in Intel during the 4th quarter worth approximately $31,000. Finally, Groupama Asset Managment increased its stake in Intel by 6.3% during the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker's stock valued at $32,000 after purchasing an additional 8,084 shares in 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.