Intel (NASDAQ:INTC) Earns “Hold” Rating from Needham & Company LLC

Intel (NASDAQ:INTC)‘s stock had its “hold” rating reissued by Needham & Company LLC in a research report issued on Friday,Benzinga reports.

Several other analysts have also recently weighed in on the stock. UBS Group reduced their price objective on shares of Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a research note on Thursday, October 3rd. Mizuho reduced their price objective on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Finally, Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Five research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $26.60.

Intel Stock Performance

NASDAQ INTC opened at $19.43 on Friday. The firm’s fifty day moving average price is $20.78 and its two-hundred day moving average price is $22.51. The stock has a market cap of $83.80 billion, a PE ratio of -5.22, a PEG ratio of 9.64 and a beta of 1.07. Intel has a fifty-two week low of $18.51 and a fifty-two week high of $46.63. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31.

Intel (NASDAQ:INTC) last posted 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 1.71% and a negative net margin of 29.42%. On average, equities analysts expect that Intel will post -0.87 EPS for the current fiscal year.

Insider Buying and Selling

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’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 sale, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. This represents a 8.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.04% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Intel

Institutional investors have recently added to or reduced their stakes in the company. Finley Financial LLC bought a new stake in Intel in the 4th quarter worth about $25,000. Keystone Financial Group Inc. bought a new position in shares of Intel during the 4th quarter valued at approximately $29,000. Quest Partners LLC grew its position in shares of Intel by 7,370.6% during 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 during the period. West Financial Advisors LLC bought a new position in shares of Intel during the 4th quarter valued at approximately $31,000. Finally, Groupama Asset Managment grew its position in shares of 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 acquiring an additional 8,084 shares during the period. 64.53% of the stock is owned by institutional investors.

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.