Intel Co. (NASDAQ:INTC) Receives Consensus Recommendation of “Reduce” from Brokerages

Shares of Intel Co. (NASDAQ:INTC) have earned an average rating of “Reduce” from the thirty-two research firms that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $27.04.

A number of research firms recently commented on INTC. UBS Group decreased their price objective on shares of Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Rosenblatt Securities reaffirmed a “sell” rating and issued a $20.00 price objective on shares of Intel in a research note on Thursday, January 30th. HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Wells Fargo & Company decreased their price objective on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Finally, Cantor Fitzgerald raised their price objective on shares of Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 18th.

Intel Trading Down 0.7 %

Shares of NASDAQ:INTC opened at $23.96 on Friday. The stock has a market capitalization of $103.75 billion, a price-to-earnings ratio of -5.47 and a beta of 1.02. Intel has a 1-year low of $18.51 and a 1-year high of $45.41. 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 company has a 50 day moving average price of $21.85 and a 200 day moving average price of $21.96.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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%. On average, research analysts anticipate that Intel will post -0.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of INTC. Ashton Thomas Securities LLC acquired a new position in Intel in the 3rd quarter valued at $49,000. Nations Financial Group Inc. IA ADV grew its position in Intel by 3.7% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 26,488 shares of the chip maker’s stock worth $621,000 after purchasing an additional 952 shares during the last quarter. Harbour Investments Inc. grew its position in Intel by 13.1% in the 3rd quarter. Harbour Investments Inc. now owns 41,341 shares of the chip maker’s stock worth $970,000 after purchasing an additional 4,793 shares during the last quarter. Ashton Thomas Private Wealth LLC grew its position in Intel by 10.9% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 41,468 shares of the chip maker’s stock worth $973,000 after purchasing an additional 4,089 shares during the last quarter. Finally, Aptus Capital Advisors LLC grew its position in Intel by 19.5% in the 3rd quarter. Aptus Capital Advisors LLC now owns 48,115 shares of the chip maker’s stock worth $1,129,000 after purchasing an additional 7,861 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

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.