Intel (NASDAQ:INTC) Upgraded at Seaport Res Ptn

Seaport Res Ptn upgraded shares of Intel (NASDAQ:INTC) to a strong sell rating in a research note released on Wednesday,Zacks.com reports.

Several other research analysts have also weighed in on INTC. Susquehanna lowered their target price on shares of Intel from $24.00 to $22.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 16th. Barclays reaffirmed a “reduce” rating on shares of Intel in a research note on Tuesday, April 22nd. Morgan Stanley decreased their target price on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Friday, April 25th. Mizuho dropped their price target on Intel from $23.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday, April 25th. Finally, Wedbush cut their price target on Intel from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, April 23rd. Six investment analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $22.23.

Intel Stock Performance

NASDAQ INTC opened at $20.62 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The business’s 50 day moving average is $21.47 and its two-hundred day moving average is $21.77. The stock has a market capitalization of $89.92 billion, a price-to-earnings ratio of -4.71 and a beta of 1.13. Intel has a 12-month low of $17.67 and a 12-month high of $37.16.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.12. The firm had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Intel’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.18 earnings per share. Research analysts expect that Intel will post -0.11 EPS for the current year.

Institutional Investors Weigh In On Intel

Several hedge funds have recently modified their holdings of the stock. Finley Financial LLC purchased a new stake in shares of Intel during the 4th quarter valued at $25,000. Synergy Investment Management LLC acquired a new position in Intel in the fourth quarter valued at $27,000. Vermillion Wealth Management Inc. purchased a new stake in Intel during the fourth quarter valued at about $27,000. BankPlus Trust Department acquired a new stake in Intel during the fourth quarter worth about $28,000. Finally, Keystone Financial Group Inc. purchased a new position in shares of Intel in the 4th quarter worth about $29,000. 64.53% of the stock is owned by institutional investors and hedge funds.

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.