Needham & Company LLC Reaffirms Hold Rating for Intel (NASDAQ:INTC)

Needham & Company LLC reaffirmed their hold rating on shares of Intel (NASDAQ:INTC) in a research report report published on Monday,Benzinga reports.

Other equities analysts also recently issued reports about the company. Benchmark reaffirmed a “hold” rating on shares of Intel in a research report on Friday, January 31st. HSBC upgraded shares of Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. reduced their target price on shares of Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. Stifel Nicolaus decreased their price target on shares of Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Finally, Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Four investment analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $25.54.

Intel Stock Performance

Shares of INTC stock opened at $20.31 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The firm has a market cap of $88.56 billion, a P/E ratio of -4.64 and a beta of 1.13. The firm’s 50 day moving average price is $22.38 and its 200-day moving average price is $22.05. Intel has a one year low of $17.67 and a one year high of $37.16.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. As a group, equities research analysts predict that Intel will post -0.11 EPS for the current year.

Institutional Investors Weigh In On Intel

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Relyea Zuckerberg Hanson LLC increased its position in shares of Intel by 211.6% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker’s stock worth $579,000 after purchasing an additional 19,625 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Intel by 4.4% in the 3rd quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker’s stock valued at $113,244,000 after purchasing an additional 204,200 shares during the period. Empirical Asset Management LLC purchased a new position in Intel during the 4th quarter worth approximately $276,000. InvesTrust acquired a new position in Intel during the fourth quarter worth approximately $3,696,000. Finally, Rheos Capital Works Inc. lifted its stake in Intel by 12.1% in the fourth quarter. Rheos Capital Works Inc. now owns 277,000 shares of the chip maker’s stock valued at $5,554,000 after buying an additional 30,000 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

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.