Intel (NASDAQ:INTC) Receives Hold Rating from Benchmark

Benchmark reiterated their hold rating on shares of Intel (NASDAQ:INTC) in a research report sent to investors on Friday morning,Benzinga reports.

A number of other equities analysts have also recently issued reports on INTC. Robert W. Baird raised their target price on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Roth Mkm reduced their price objective on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday. Northland Securities lowered their target price on shares of Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Finally, UBS Group lowered their price objective on shares of Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $26.60.

Intel Trading Down 2.9 %

INTC opened at $19.43 on Friday. The firm has a 50 day simple moving average of $20.78 and a 200 day simple moving average of $22.51. Intel has a fifty-two week low of $18.51 and a fifty-two week high of $46.63. The company has a market cap of $83.80 billion, a price-to-earnings ratio of -5.22, a price-to-earnings-growth ratio of 9.64 and a beta of 1.07. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97.

Intel (NASDAQ:INTC) last issued its earnings results 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%. On average, sell-side analysts anticipate that Intel will post -0.87 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel 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 owns 273,258 shares of the company’s stock, valued at $7,104,708. This trade represents a 8.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.04% of the company’s stock.

Institutional Investors Weigh In On Intel

Several hedge funds have recently bought and sold shares of INTC. Finley Financial LLC bought a new stake in Intel in the fourth quarter valued at approximately $25,000. Keystone Financial Group Inc. acquired a new position in shares of Intel during the 4th quarter worth approximately $29,000. Quest Partners LLC raised 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 valued at $30,000 after acquiring an additional 1,253 shares during the period. West Financial Advisors LLC acquired a new stake in Intel during the 4th quarter valued at $31,000. Finally, Groupama Asset Managment boosted its position in Intel by 6.3% during the third 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 institutional investors and hedge funds.

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.