Intel Co. (NASDAQ:INTC) Given Consensus Rating of “Reduce” by Brokerages

Shares of Intel Co. (NASDAQ:INTC) have received a consensus rating of “Reduce” from the thirty-two research firms that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a sell recommendation, twenty-seven have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $26.88.

A number of brokerages recently issued reports on INTC. Barclays cut their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Wells Fargo & Company cut their price objective on Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Bank of America restated an “underperform” rating and set a $21.00 target price on shares of Intel in a report on Tuesday, December 3rd. Mizuho lowered their target price on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Finally, UBS Group lowered their target price on Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st.

Intel Stock Down 4.7 %

Shares of INTC opened at $24.87 on Monday. The stock has a fifty day simple moving average of $20.84 and a two-hundred day simple moving average of $21.68. 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 company has a market capitalization of $107.67 billion, a PE ratio of -5.68 and a beta of 1.08. Intel has a 52-week low of $18.51 and a 52-week high of $46.63.

Intel (NASDAQ:INTC) last issued its quarterly earnings data 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, equities analysts forecast that Intel will post -0.11 EPS for the current year.

Institutional Investors Weigh In On Intel

A number of institutional investors and hedge funds have recently added to or reduced their stakes in INTC. Net Worth Advisory Group purchased a new position in Intel during the third quarter worth about $313,000. Blue Trust Inc. raised its holdings in Intel by 43.8% during the third quarter. Blue Trust Inc. now owns 60,665 shares of the chip maker’s stock worth $1,423,000 after purchasing an additional 18,488 shares in the last quarter. DMC Group LLC raised its holdings in Intel by 14.8% during the third quarter. DMC Group LLC now owns 39,412 shares of the chip maker’s stock worth $925,000 after purchasing an additional 5,090 shares in the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI raised its holdings in Intel by 6.0% during the third quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 433,573 shares of the chip maker’s stock worth $10,172,000 after purchasing an additional 24,423 shares in the last quarter. Finally, CNB Bank raised its holdings in Intel by 29.4% during the third quarter. CNB Bank now owns 5,841 shares of the chip maker’s stock worth $137,000 after purchasing an additional 1,327 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

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.