Intel (NASDAQ:INTC) Given “Neutral” Rating at Cantor Fitzgerald

Cantor Fitzgerald reiterated their neutral rating on shares of Intel (NASDAQ:INTC) in a research note published on Friday morning,Benzinga reports. The firm currently has a $22.00 target price on the chip maker’s stock.

Other research analysts have also issued research reports about the stock. Stifel Nicolaus restated a “hold” rating and set a $25.00 price target (down previously from $28.00) on shares of Intel in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft cut their target price on Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a report on Thursday, October 3rd. Benchmark reiterated a “hold” rating on shares of Intel in a research note on Friday. Roth Mkm cut their price objective on Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, The Goldman Sachs Group lowered their price target on Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a report on Thursday, October 17th. Five investment analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $26.60.

Intel Price Performance

Shares of NASDAQ:INTC opened at $19.43 on Friday. The business has a fifty day simple moving average of $20.78 and a 200 day simple moving average of $22.51. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. Intel has a 1 year low of $18.51 and a 1 year high of $46.63. The firm has a market cap of $83.80 billion, a price-to-earnings ratio of -5.22, a P/E/G ratio of 9.64 and a beta of 1.07.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. As a group, sell-side analysts predict that Intel will post -0.87 earnings per share for the current fiscal year.

Insider Transactions at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the transaction, the executive vice president now directly owns 273,258 shares in the company, valued at $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.04% of the stock is owned by insiders.

Institutional Investors Weigh In On Intel

Large investors have recently made changes to their positions in the company. Finley Financial LLC bought a new stake in Intel during the 4th quarter worth about $25,000. Keystone Financial Group Inc. bought a new stake in shares of Intel during the 4th quarter valued at $29,000. Quest Partners LLC lifted its stake in shares of Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares during the period. West Financial Advisors LLC bought a new position in shares of Intel in the 4th quarter worth $31,000. Finally, Groupama Asset Managment grew its stake in shares of Intel by 6.3% during the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after purchasing an additional 8,084 shares during the period. Institutional investors own 64.53% of the company’s stock.

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.