Intel's (INTC) Sell Rating Reiterated at Rosenblatt Securities
Intel's "sell" rating was reiterated by Rosenblatt Securities, with a target price of $17.00, suggesting a potential downside of 20.86% from the stock's previous close. Several other equities research analysts also downgraded Intel's rating. The stock traded down 26.1% on Friday, hitting $21.48. Intel has a 52-week low of $20.42 and a 52-week high of $51.28. The company has a market capitalization of $91.44 billion.
Intel (NASDAQ:INTC - Get Free Report)'s stock had its "sell" rating reaffirmed by stock analysts at Rosenblatt Securities in a research report issued to clients and investors on Friday, Benzinga reports. They currently have a $17.00 price objective on the chip maker's stock. Rosenblatt Securities' price objective suggests a potential downside of 20.86% from the stock's previous close.
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A number of other equities research analysts also recently commented on the company. HSBC downgraded Intel from a "hold" rating to a "reduce" rating in a report on Friday. Wedbush lowered their target price on shares of Intel from $32.50 to $25.00 and set a "neutral" rating for the company in a research note on Friday. Bank of America cut shares of Intel from a "neutral" rating to an "underperform" rating and reduced their price target for the stock from $35.00 to $23.00 in a research report on Friday. The Goldman Sachs Group lowered their price objective on shares of Intel from $29.00 to $22.00 and set a "sell" rating for the company in a research report on Friday. Finally, Sanford C. Bernstein decreased their target price on Intel from $42.00 to $35.00 and set a "market perform" rating for the company in a research note on Friday, April 26th. Five equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Intel has an average rating of "Hold" and an average price target of $33.41.
Read Our Latest Stock Report on Intel
Intel Trading Down 26.1 %
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NASDAQ:INTC traded down $7.57 on Friday, hitting $21.48. 300,292,415 shares of the stock were exchanged, compared to its average volume of 50,025,867. Intel has a 52 week low of $20.42 and a 52 week high of $51.28. The company's 50-day moving average price is $31.54 and its 200 day moving average price is $37.02. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. The stock has a market capitalization of $91.44 billion, a price-to-earnings ratio of 22.38, a P/E/G ratio of 18.39 and a beta of 1.05.
Institutional Investors Weigh In On Intel
A number of hedge funds and other institutional investors have recently modified their holdings of INTC. Burkett Financial Services LLC bought a new position in shares of Intel during the fourth quarter worth approximately $27,000. Frazier Financial Advisors LLC bought a new position in shares of Intel in the fourth quarter worth $27,000. Tributary Capital Management LLC bought a new position in shares of Intel in the first quarter worth $27,000. Signature Resources Capital Management LLC bought a new stake in Intel during the fourth quarter worth about $37,000. Finally, Bare Financial Services Inc bought a new stake in Intel during the fourth quarter worth about $39,000. Institutional investors and hedge funds own 64.53% of the company's stock.
About Intel
(Get Free Report)- Has This Leading Tech Stock Halted the AI Surge?
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.
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