Intel Co. (NASDAQ:INTC) Receives $27.04 Consensus Target Price from Brokerages

Intel Co. (NASDAQ:INTC) has received a consensus rating of “Reduce” from the thirty-two research firms that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, twenty-eight have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $27.04.

A number of brokerages have recently issued reports on INTC. Benchmark reissued a “hold” rating on shares of Intel in a research report on Friday, January 31st. JPMorgan Chase & Co. cut their price objective on shares of Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Roth Mkm cut their price objective on shares of Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Barclays cut their price objective 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. Finally, Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st.

Institutional Trading of Intel

Several hedge funds have recently made changes to their positions in INTC. Ashton Thomas Securities LLC purchased a new stake in shares of Intel during the 3rd quarter valued at about $49,000. Nations Financial Group Inc. IA ADV raised its position in Intel by 3.7% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 26,488 shares of the chip maker’s stock worth $621,000 after purchasing an additional 952 shares during the period. Harbour Investments Inc. raised its position in Intel by 13.1% in the 3rd quarter. Harbour Investments Inc. now owns 41,341 shares of the chip maker’s stock worth $970,000 after purchasing an additional 4,793 shares during the period. Ashton Thomas Private Wealth LLC raised its position in Intel by 10.9% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 41,468 shares of the chip maker’s stock worth $973,000 after purchasing an additional 4,089 shares during the period. Finally, Aptus Capital Advisors LLC raised its position in Intel by 19.5% in the 3rd quarter. Aptus Capital Advisors LLC now owns 48,115 shares of the chip maker’s stock worth $1,129,000 after purchasing an additional 7,861 shares during the period. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Price Performance

Shares of INTC opened at $24.05 on Friday. The firm has a market cap of $104.14 billion, a PE ratio of -5.49 and a beta of 1.02. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The firm has a fifty day simple moving average of $21.45 and a two-hundred day simple moving average of $21.87. Intel has a 1-year low of $18.51 and a 1-year high of $45.41.

Intel (NASDAQ:INTC) last announced 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 net margin of 35.32% and a negative return on equity of 3.27%. On average, equities analysts anticipate that Intel will post -0.11 EPS for the current year.

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.