Intel (NASDAQ:INTC) Downgraded by Wall Street Zen to Sell

Key Points

• Intel has been downgraded by Wall Street Zen from a "hold" to a "sell" rating, reflecting a negative sentiment among analysts regarding the company's stock performance.
• Despite a year-over-year revenue increase of 0.5%, Intel reported a loss of ($0.10) earnings per share for the latest quarter, missing expectations and marking ongoing financial challenges.
• The current average analyst rating for Intel is "hold," with a price target of $22.30, indicating a mixed outlook with most analysts remaining cautious about its performance.

Wall Street Zen lowered shares of Intel (NASDAQ:INTC - Free Report) from a hold rating to a sell rating in a research report released on Saturday morning.

A number of other research firms have also commented on INTC. Morgan Stanley dropped their price objective on Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Benchmark reiterated a "hold" rating on shares of Intel in a research note on Friday. Seaport Res Ptn upgraded Intel to a "strong sell" rating in a research note on Wednesday, April 30th. Loop Capital began coverage on Intel in a research note on Monday, July 21st. They set a "hold" rating and a $25.00 price target on the stock. Finally, Citigroup restated a "hold" rating on shares of Intel in a research note on Tuesday, July 8th. Six analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $22.30.

Intel Stock Down 1.3%

Shares of NASDAQ:INTC traded down $0.27 on Friday, reaching $20.41. The company had a trading volume of 100,602,738 shares, compared to its average volume of 79,172,696. Intel has a twelve month low of $17.67 and a twelve month high of $30.91. The stock has a 50-day moving average price of $21.61 and a 200 day moving average price of $21.52. The stock has a market capitalization of $89.33 billion, a P/E ratio of -4.28 and a beta of 1.15. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The chip maker reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.11). The business had revenue of $12.86 billion during the quarter, compared to the consensus estimate of $11.88 billion. Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%. The company's revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.02 earnings per share. On average, equities analysts expect that Intel will post -0.11 EPS for the current year.

Institutional Trading of Intel

A number of large investors have recently made changes to their positions in the company. Nuveen LLC acquired a new stake in shares of Intel in the 1st quarter valued at about $538,430,000. Kingstone Capital Partners Texas LLC bought a new position in shares of Intel in the 2nd quarter valued at about $345,245,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Intel by 99.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,829,385 shares of the chip maker's stock valued at $677,426,000 after acquiring an additional 14,901,457 shares in the last quarter. Two Sigma Advisers LP bought a new position in shares of Intel in the 4th quarter valued at about $289,752,000. Finally, Two Sigma Investments LP bought a new position in shares of Intel in the 4th quarter valued at about $237,457,000. Institutional investors own 64.53% of the company's stock.

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.