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Benchmark Reaffirms "Hold" Rating for Intel (NASDAQ:INTC)

Intel logo with Computer and Technology background

Key Points

  • Intel's stock received a reiterated "hold" rating from Benchmark, with the company currently having an average rating of "hold" and a consensus price target of $22.25.
  • Despite reporting revenue of $12.86 billion, Intel missed the consensus EPS estimate by $0.11 during its last quarterly earnings, posting a loss of ($0.10) EPS.
  • Institutional investors hold approximately 64.53% of Intel's stock, with significant increases in positions reported by several firms during Q4.
  • Five stocks to consider instead of Intel.

Benchmark reaffirmed their hold rating on shares of Intel (NASDAQ:INTC - Free Report) in a research report released on Friday morning,Benzinga reports.

INTC has been the topic of a number of other reports. JPMorgan Chase & Co. reduced their price objective on shares of Intel from $23.00 to $20.00 and set an "underweight" rating on the stock in a research note on Friday, April 25th. Morgan Stanley reduced their price objective 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. Sanford C. Bernstein reduced their price objective 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. Wedbush decreased 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. Finally, Seaport Res Ptn upgraded Intel to a "strong sell" rating in a research report on Wednesday, April 30th. Six equities research analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Intel presently has an average rating of "Hold" and a consensus price target of $22.30.

View Our Latest Report on INTC

Intel Trading Up 0.1%

Shares of Intel stock traded up $0.03 during trading hours on Friday, hitting $20.73. The company's stock had a trading volume of 54,785,418 shares, compared to its average volume of 93,707,117. The company has a market capitalization of $90.40 billion, a PE ratio of -4.34 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 has a 1-year low of $17.67 and a 1-year high of $31.47. The business has a fifty day moving average of $21.64 and a 200 day moving average of $21.51.

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

Institutional Investors Weigh In On Intel

A number of large investors have recently made changes to their positions in INTC. N.E.W. Advisory Services LLC acquired a new stake in shares of Intel during the first quarter valued at approximately $25,000. HFM Investment Advisors LLC acquired a new stake in shares of Intel during the first quarter valued at approximately $25,000. Vermillion Wealth Management Inc. acquired a new stake in shares of Intel during the fourth quarter valued at approximately $27,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Intel during the first quarter valued at approximately $27,000. Finally, West Branch Capital LLC bought a new stake in Intel in the second quarter worth approximately $28,000. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Intel (NASDAQ:INTC)

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