Intel Corporation (NASDAQ:INTC) Given Average Rating of "Reduce" by Analysts

Shares of Intel Corporation (NASDAQ:INTC - Get Free Report) have been given an average rating of "Reduce" by the thirty-one brokerages that are presently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a sell recommendation, twenty-four have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $21.57.

A number of equities analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Intel from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Barclays reissued a "reduce" rating on shares of Intel in a research note on Tuesday, April 22nd. Wells Fargo & Company cut their price target on shares of Intel from $25.00 to $22.00 and set an "equal weight" rating for the company in a research note on Friday, April 25th. Citigroup reiterated a "sell" rating on shares of Intel in a research note on Friday, April 25th. Finally, Wedbush cut their target price on Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of INTC. Vanguard Group Inc. boosted its holdings in Intel by 2.2% in the first quarter. Vanguard Group Inc. now owns 377,390,437 shares of the chip maker's stock valued at $8,570,537,000 after acquiring an additional 8,291,233 shares during the last quarter. Geode Capital Management LLC lifted its position in Intel by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker's stock valued at $1,909,761,000 after purchasing an additional 2,978,346 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Intel by 8.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,263,339 shares of the chip maker's stock valued at $1,268,430,000 after purchasing an additional 4,793,927 shares during the last quarter. Norges Bank acquired a new stake in shares of Intel during the 4th quarter worth approximately $1,246,569,000. Finally, Northern Trust Corp raised its stake in shares of Intel by 0.3% during the first quarter. Northern Trust Corp now owns 45,969,843 shares of the chip maker's stock worth $1,043,975,000 after buying an additional 158,288 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

Intel Stock Down 1.9%

NASDAQ INTC opened at $21.08 on Friday. Intel has a twelve month low of $17.67 and a twelve month high of $37.16. The stock has a market cap of $91.95 billion, a PE ratio of -4.71 and a beta of 1.12. The firm has a 50-day simple moving average of $20.53 and a 200 day simple moving average of $21.07. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.31.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, beating the consensus estimate of $0.01 by $0.12. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. The firm had revenue of $12.67 billion during the quarter, compared to analysts' expectations of $12.26 billion. During the same quarter in the prior year, the firm posted $0.18 EPS. The company's revenue for the quarter was down .4% on a year-over-year basis. On average, research analysts forecast 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.

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