Intel (NASDAQ:INTC) Earns Sell Rating from Rosenblatt Securities

Key Points

• Rosenblatt Securities has reiterated a sell rating for Intel (NASDAQ: INTC) with a price target of $14.00, indicating a potential downside of 38.14% from its current price.
• Several analysts have also adjusted their price targets downward, with Wells Fargo reducing theirs from $25.00 to $22.00, while the overall consensus rating for Intel is currently "Hold" with an average price target of $22.25.
• Intel's recent earnings report showed a loss of ($0.10) EPS for the quarter, missing the consensus estimate, despite revenue increasing to $12.86 billion.

Rosenblatt Securities reissued their sell rating on shares of Intel (NASDAQ:INTC - Free Report) in a research note released on Friday,Benzinga reports. Rosenblatt Securities currently has a $14.00 price target on the chip maker's stock.

Several other equities analysts have also recently weighed in on INTC. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Intel in a research note on Wednesday, May 21st. They issued a "hold" rating and a $23.00 price objective on the stock. Wall Street Zen upgraded Intel from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Citigroup reiterated a "hold" rating on shares of Intel in a research note on Tuesday, July 8th. JPMorgan Chase & Co. cut their price target on Intel from $23.00 to $20.00 and set an "underweight" rating on the stock in a research note on Friday, April 25th. Finally, UBS Group lifted their target price on Intel from $21.00 to $25.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Five equities research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Intel has an average rating of "Hold" and a consensus price target of $22.30.

Intel Price Performance

Shares of INTC stock traded down $1.93 during trading hours on Friday, reaching $20.70. The stock had a trading volume of 244,366,959 shares, compared to its average volume of 71,245,776. The stock's fifty day simple moving average is $21.64 and its 200 day simple moving average is $21.49. The company has a current ratio of 1.31, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $90.29 billion, a PE ratio of -4.34 and a beta of 1.15. Intel has a 12 month low of $17.67 and a 12 month high of $31.56.

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

Institutional Trading of Intel

Large investors have recently made changes to their positions in the company. N.E.W. Advisory Services LLC purchased a new stake in shares of Intel during the first quarter worth approximately $25,000. HFM Investment Advisors LLC purchased a new stake in shares of Intel during the first quarter worth approximately $25,000. Vermillion Wealth Management Inc. purchased a new stake in shares of Intel during the fourth quarter worth approximately $27,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Intel during the first quarter worth approximately $27,000. Finally, West Branch Capital LLC purchased a new stake in shares of Intel during the second quarter worth approximately $28,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

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.