Intel (NASDAQ:INTC) Upgraded at StockNews.com

StockNews.com upgraded shares of Intel (NASDAQ:INTC - Free Report) from a sell rating to a hold rating in a research report released on Monday.

A number of other brokerages have also recently commented on INTC. Mizuho dropped their price target on shares of Intel from $23.00 to $22.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Barclays reiterated a "reduce" rating on shares of Intel in a research report on Tuesday, April 22nd. Rosenblatt Securities dropped their price objective on Intel from $18.00 to $14.00 and set a "sell" rating on the stock in a report on Friday, April 25th. Wedbush reduced their target price on Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Finally, Morgan Stanley cut their price target on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. Six equities research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Intel currently has an average rating of "Hold" and an average target price of $22.23.

Intel Stock Performance

Shares of INTC stock traded up $0.67 during trading hours on Monday, hitting $20.65. 35,115,554 shares of the company were exchanged, compared to its average volume of 79,431,256. 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 stock has a market capitalization of $90.02 billion, a price-to-earnings ratio of -4.71 and a beta of 1.13. The firm has a fifty day simple moving average of $21.52 and a 200 day simple moving average of $21.79. Intel has a 52-week low of $17.67 and a 52-week high of $37.16.

Intel (NASDAQ:INTC - Get Free Report) last released its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. The business had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The business's revenue for the quarter was down .4% on a year-over-year basis. During the same period last year, the business posted $0.18 earnings per share. Research analysts predict that Intel will post -0.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in INTC. Finley Financial LLC purchased a new stake in Intel in the fourth quarter worth about $25,000. LFA Lugano Financial Advisors SA bought a new stake in shares of Intel during the first quarter valued at approximately $30,000. Vermillion Wealth Management Inc. bought a new stake in shares of Intel during the 4th quarter valued at $27,000. Synergy Investment Management LLC bought a new stake in shares of Intel during the 4th quarter valued at $27,000. Finally, Mizuho Securities Co. Ltd. purchased a new stake in shares of Intel in the 1st quarter worth about $32,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

About Intel

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.