Intel (NASDAQ:INTC) Earns Neutral Rating from Cantor Fitzgerald

Intel (NASDAQ:INTC)‘s stock had its “neutral” rating reissued by investment analysts at Cantor Fitzgerald in a research note issued on Friday,Benzinga reports. They currently have a $22.00 price target on the chip maker’s stock. Cantor Fitzgerald’s price objective would suggest a potential upside of 9.06% from the company’s previous close.

Several other brokerages also recently weighed in on INTC. UBS Group decreased 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. Roth Mkm decreased their price objective on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday. Deutsche Bank Aktiengesellschaft dropped their price target on Intel from $27.00 to $25.00 and set a “hold” rating for the company in a research report on Thursday, October 3rd. Wells Fargo & Company decreased their price target on Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday. Finally, Barclays dropped their target price on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Five equities research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $27.08.

Intel Trading Up 0.8 %

NASDAQ:INTC traded up $0.16 on Friday, reaching $20.17. The company’s stock had a trading volume of 44,473,752 shares, compared to its average volume of 69,708,031. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. The firm has a market cap of $87.00 billion, a price-to-earnings ratio of -5.41, a price-to-earnings-growth ratio of 9.64 and a beta of 1.07. The stock has a 50 day moving average price of $20.88 and a 200 day moving average price of $22.62. Intel has a 12-month low of $18.51 and a 12-month high of $46.63.

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 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%. On average, equities analysts anticipate that Intel will post -0.87 EPS for the current fiscal year.

Insider Buying and Selling at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was 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 owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Finley Financial LLC bought a new position in Intel in the 4th quarter worth approximately $25,000. Keystone Financial Group Inc. bought a new stake in shares of Intel in the 4th quarter valued at about $29,000. Quest Partners LLC boosted its position in 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 buying an additional 1,253 shares during the period. West Financial Advisors LLC bought a new position in Intel during the 4th quarter valued at approximately $31,000. Finally, Groupama Asset Managment lifted its position in shares of Intel by 6.3% in the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after purchasing an additional 8,084 shares during the period. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

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.