Intel Co. (NASDAQ:INTC) Receives $26.60 Consensus PT from Analysts

Intel Co. (NASDAQ:INTC) has received an average recommendation of “Reduce” from the thirty-two research firms that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, twenty-seven have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $26.88.

Several equities research analysts have recently commented on INTC shares. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Mizuho cut their price objective on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Barclays cut their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Cantor Fitzgerald increased their price objective on Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a report on Friday, January 31st.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of INTC. Norges Bank bought a new position in shares of Intel in the fourth quarter worth $1,246,569,000. Two Sigma Advisers LP bought a new position in shares of Intel in the fourth quarter worth $289,752,000. Assenagon Asset Management S.A. increased its position in shares of Intel by 264.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker’s stock worth $393,323,000 after purchasing an additional 14,227,458 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Intel by 28.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 58,469,412 shares of the chip maker’s stock worth $1,371,692,000 after purchasing an additional 12,865,308 shares during the period. Finally, Two Sigma Investments LP bought a new position in shares of Intel in the fourth quarter worth $237,457,000. Institutional investors own 64.53% of the company’s stock.

Intel Price Performance

Shares of INTC opened at $25.72 on Monday. The stock has a market capitalization of $111.37 billion, a P/E ratio of -5.87 and a beta of 1.08. Intel has a twelve month low of $18.51 and a twelve month high of $46.63. The company has a 50 day moving average of $20.53 and a 200-day moving average of $21.56. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last released its quarterly earnings data 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 35.32% and a negative return on equity of 3.27%. As a group, equities research analysts forecast that Intel will post -0.11 EPS for the current fiscal year.

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.