Intel Corporation (NASDAQ:INTC) Given Consensus Recommendation of "Reduce" by Analysts

Key Points

• Intel Corporation has received a consensus recommendation of "Reduce" from 29 analysts, with five issuing sell ratings, twenty-three hold ratings, and only one buy rating.
• The average 1-year price target for Intel stock among brokerages is $22.17, down from previous estimates as several firms adjusted their ratings.
• Intel's latest earnings report showed a loss of $0.10 per share, missing expectations, with a revenue of $12.86 billion for the quarter, indicating a slight year-over-year increase.

Intel Corporation (NASDAQ:INTC - Get Free Report) has been assigned a consensus recommendation of "Reduce" from the twenty-nine analysts that are covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $22.1667.

INTC has been the topic of several recent analyst reports. Sanford C. Bernstein cut their target price on shares of Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. Wells Fargo & Company cut their target price on shares of Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Morgan Stanley cut their target price on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Rosenblatt Securities reaffirmed a "sell" rating and issued a $14.00 price target on shares of Intel in a research note on Friday, July 25th. Finally, Cantor Fitzgerald dropped their price target on shares of Intel from $29.00 to $20.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st.

Institutional Investors Weigh In On Intel

A number of large investors have recently bought and sold shares of INTC. Vanguard Group Inc. boosted its holdings in Intel by 2.2% during 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 period. Geode Capital Management LLC boosted its holdings in Intel by 1.8% during the second quarter. Geode Capital Management LLC now owns 97,563,079 shares of the chip maker's stock valued at $2,174,854,000 after acquiring an additional 1,760,773 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Intel by 8.2% during the fourth 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 acquiring an additional 4,793,927 shares during the period. Northern Trust Corp boosted its holdings in Intel by 0.3% during the first quarter. Northern Trust Corp now owns 45,969,843 shares of the chip maker's stock valued at $1,043,975,000 after acquiring an additional 158,288 shares during the period. Finally, Invesco Ltd. boosted its holdings in Intel by 1.3% during the first quarter. Invesco Ltd. now owns 43,651,076 shares of the chip maker's stock valued at $991,316,000 after acquiring an additional 562,246 shares during the period. 64.53% of the stock is currently owned by institutional investors.

Intel Price Performance

NASDAQ INTC opened at $19.95 on Monday. The stock has a market capitalization of $87.32 billion, a P/E ratio of -4.18 and a beta of 1.22. Intel has a 1 year low of $17.67 and a 1 year high of $27.55. The business's fifty day moving average is $21.56 and its two-hundred day moving average is $21.48. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.24.

Intel (NASDAQ:INTC - Get Free Report) last announced its earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.11). Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The firm had revenue of $12.86 billion for the quarter, compared to analyst estimates of $11.88 billion. During the same period last year, the firm earned $0.02 earnings per share. Intel's revenue for the quarter was up .5% compared to the same quarter last year. On average, research analysts forecast that Intel will post -0.11 earnings per share for the current fiscal 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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