Intel (NASDAQ:INTC) Rating Reiterated by Benchmark

Intel (NASDAQ:INTC)‘s stock had its “hold” rating reaffirmed by Benchmark in a report released on Monday, Benzinga reports.

A number of other research analysts have also issued reports on INTC. Wedbush dropped their target price on Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. HSBC lowered Intel from a “hold” rating to a “reduce” rating in a report on Friday, August 2nd. Northland Securities dropped their price objective on Intel from $68.00 to $42.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Roth Mkm dropped their price objective on Intel from $35.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Finally, Cantor Fitzgerald dropped their price objective on Intel from $40.00 to $27.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Six analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $32.04.

Intel Trading Up 1.1 %

INTC opened at $22.81 on Monday. The firm has a market cap of $97.10 billion, a price-to-earnings ratio of 23.76 and a beta of 1.03. Intel has a 52 week low of $18.51 and a 52 week high of $51.28. The business’s 50 day moving average is $23.20 and its two-hundred day moving average is $30.49. The company has a quick ratio of 1.24, a current ratio of 1.59 and a debt-to-equity ratio of 0.40.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, August 1st. The chip maker reported $0.02 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.08). The firm had revenue of $12.80 billion for the quarter, compared to analyst estimates of $12.92 billion. Intel had a return on equity of 1.78% and a net margin of 1.77%. The company’s quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the firm earned ($0.05) EPS. On average, research analysts predict that Intel will post -0.47 EPS for the current year.

Insider Activity at Intel

In other Intel news, CEO Patrick P. Gelsinger purchased 12,500 shares of Intel stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average price of $20.16 per share, with a total value of $252,000.00. Following the completion of the acquisition, the chief executive officer now owns 37,975 shares of the company’s stock, valued at approximately $765,576. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.04% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Burkett Financial Services LLC bought a new position in Intel during the 4th quarter worth approximately $27,000. Tributary Capital Management LLC bought a new stake in shares of Intel in the 1st quarter worth approximately $27,000. Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of Intel in the 1st quarter worth approximately $36,000. America First Investment Advisors LLC bought a new stake in shares of Intel in the 2nd quarter worth approximately $25,000. Finally, Cyrus J. Lawrence LLC bought a new stake in shares of Intel in the 2nd quarter worth approximately $27,000. Institutional investors 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.