Intel (NASDAQ:INTC) Upgraded to "Hold" at Wall Street Zen

Intel (NASDAQ:INTC - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

A number of other brokerages have also recently commented on INTC. Deutsche Bank Aktiengesellschaft initiated coverage on Intel in a report on Wednesday, May 21st. They set a "hold" rating and a $23.00 target price for the company. JPMorgan Chase & Co. dropped their price target on Intel from $23.00 to $20.00 and set an "underweight" rating for the company in a research report on Friday, April 25th. Benchmark restated a "hold" rating on shares of Intel in a research report on Friday, April 25th. UBS Group dropped their price target on Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Finally, Cfra Research upgraded Intel to a "hold" rating in a research report on Friday, April 25th. Six research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $21.57.

Intel Price Performance

Shares of Intel stock traded up $0.50 during mid-day trading on Friday, reaching $20.55. 67,354,391 shares of the stock traded hands, compared to its average volume of 80,950,500. The business has a 50-day moving average of $20.92 and a 200 day moving average of $21.51. Intel has a fifty-two week low of $17.67 and a fifty-two week high of $37.16. The stock has a market capitalization of $89.64 billion, a PE ratio of -4.69 and a beta of 1.15. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Freestone Grove Partners LP purchased a new position in shares of Intel during the fourth quarter worth $62,654,000. Rheos Capital Works Inc. boosted its position in shares of Intel by 12.1% during the fourth quarter. Rheos Capital Works Inc. now owns 277,000 shares of the chip maker's stock worth $5,554,000 after buying an additional 30,000 shares during the period. Clifford Swan Investment Counsel LLC boosted its position in shares of Intel by 1.9% during the fourth quarter. Clifford Swan Investment Counsel LLC now owns 819,532 shares of the chip maker's stock worth $16,432,000 after buying an additional 15,214 shares during the period. Toronto Dominion Bank boosted its position in shares of Intel by 286.8% during the fourth quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock worth $211,114,000 after buying an additional 7,806,882 shares during the period. Finally, Accel Wealth Management boosted its position in shares of Intel by 109.8% during the fourth quarter. Accel Wealth Management now owns 50,454 shares of the chip maker's stock worth $1,012,000 after buying an additional 26,411 shares during the period. 64.53% of the stock is currently 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.