Benchmark Reaffirms Hold Rating for Intel (NASDAQ:INTC)

Benchmark reissued their hold rating on shares of Intel (NASDAQ:INTC) in a research note published on Friday morning, Benzinga reports.

Other equities research analysts also recently issued reports about the stock. Northland Securities lowered their price objective on shares of Intel from $68.00 to $42.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. TD Cowen raised Intel to a “hold” rating in a research report on Monday, September 16th. Roth Mkm dropped their price target on Intel from $35.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Barclays reduced their price objective on Intel from $40.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, August 2nd. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $25.00 target price (down previously from $28.00) on shares of Intel in a research report on Friday, October 25th. Six equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $30.12.

Intel Stock Up 7.8 %

Shares of INTC stock opened at $23.20 on Friday. The stock’s fifty day moving average price is $21.79 and its 200 day moving average price is $26.90. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.59 and a quick ratio of 1.24. Intel has a 1-year low of $18.51 and a 1-year high of $51.28. The company has a market cap of $99.20 billion, a price-to-earnings ratio of -6.24 and a beta of 1.03.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, August 1st. The chip maker reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.08). The company had revenue of $12.80 billion for the quarter, compared to analyst estimates of $12.92 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.68%. The business’s revenue was down .8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.05) EPS. On average, research analysts expect that Intel will post -0.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Intel

Institutional investors have recently added to or reduced their stakes in the stock. America First Investment Advisors LLC purchased a new position in Intel during the second quarter valued at $25,000. Cyrus J. Lawrence LLC purchased a new position in Intel in the 2nd quarter valued at about $27,000. Spartan Fund Management Inc. acquired a new stake in Intel in the 2nd quarter worth about $31,000. Financial Connections Group Inc. purchased a new stake in Intel during the 2nd quarter worth approximately $32,000. Finally, Triad Wealth Partners LLC purchased a new position in shares of Intel in the second quarter valued at approximately $33,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

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.