Brokerages Set Intel Co. (NASDAQ:INTC) Target Price at $28.81

Intel Co. (NASDAQ:INTC) has been assigned a consensus rating of “Reduce” from the thirty-two brokerages that are covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation, twenty-seven have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $27.88.

Several analysts have issued reports on the stock. Mizuho decreased their price objective on shares of Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Northland Securities dropped their price objective on Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Barclays reduced their target price on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Rosenblatt Securities reissued a “sell” rating and set a $17.00 target price on shares of Intel in a research note on Tuesday, October 29th. Finally, HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st.

Intel Trading Down 2.6 %

Shares of INTC stock opened at $20.29 on Thursday. The company has a market cap of $87.51 billion, a PE ratio of -5.45, a price-to-earnings-growth ratio of 9.72 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. The stock’s 50 day simple moving average is $21.23 and its two-hundred day simple moving average is $22.85. Intel has a 1 year low of $18.51 and a 1 year high of $46.63.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The company had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. During the same quarter in the prior year, the business earned $0.28 earnings per share. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. Research analysts predict that Intel will post -0.87 earnings per share for the current year.

Insider Activity

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction 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 transaction, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at $7,104,708. This represents a 8.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.04% of the company’s stock.

Institutional Investors Weigh In On Intel

A number of institutional investors and hedge funds have recently modified their holdings of the company. Finley Financial LLC acquired a new stake in Intel during the 4th quarter valued at approximately $25,000. Quest Partners LLC lifted its position in Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares during the period. West Financial Advisors LLC purchased a new stake in Intel in the fourth quarter valued at $31,000. Groupama Asset Managment raised its stake 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 buying an additional 8,084 shares during the last quarter. Finally, Sawyer & Company Inc acquired a new position in shares of Intel in the 4th quarter valued at about $32,000. Institutional investors and hedge funds 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.