Intel (NASDAQ:INTC) Stock Rating Upgraded by Seaport Res Ptn

Intel (NASDAQ:INTC - Get Free Report) was upgraded by Seaport Res Ptn to a "strong sell" rating in a report issued on Wednesday,Zacks.com reports.

Other research analysts have also recently issued reports about the stock. Wells Fargo & Company reduced their price objective on shares of Intel from $25.00 to $22.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. Wedbush lowered their price objective on Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. UBS Group cut their target price on Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Needham & Company LLC reissued a "hold" rating on shares of Intel in a research report on Friday, April 25th. Finally, StockNews.com raised shares of Intel from a "sell" rating to a "hold" rating in a report on Monday, April 28th. Six research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $22.23.

Intel Trading Down 1.1 %

Shares of INTC stock traded down $0.24 during trading hours on Wednesday, hitting $20.39. 16,407,900 shares of the company were exchanged, compared to its average volume of 79,574,938. The company has a 50 day simple moving average of $21.47 and a two-hundred day simple moving average of $21.76. The firm has a market cap of $88.92 billion, a P/E ratio of -4.65 and a beta of 1.15. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. Intel has a fifty-two week low of $17.67 and a fifty-two week high of $37.16.

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

Institutional Investors Weigh In On Intel

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