Rosenblatt Securities Reiterates Sell Rating for Intel (NASDAQ:INTC)
Rosenblatt Securities has reiterated a "sell" rating for Intel (NASDAQ: INTC) with a target price of $14.00, indicating a potential downside of 38.14% from its current price. Other analysts have also lowered their price targets, with a consensus rating of "Hold" and an average target of $22.25. Intel's stock opened at $22.63, and the company reported a quarterly loss of $0.10 EPS, missing estimates. Institutional investors hold 64.53% of Intel's shares, reflecting significant interest despite the negative outlook.
Intel (NASDAQ:INTC - Get Free Report)'s stock had its "sell" rating restated by stock analysts at Rosenblatt Securities in a research note issued on Friday,Benzinga reports. They currently have a $14.00 price objective on the chip maker's stock. Rosenblatt Securities' target price points to a potential downside of 38.14% from the stock's current price.
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Several other equities analysts have also issued reports on the stock. Wells Fargo & Company cut their price target on shares of Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Susquehanna cut their price target on shares of Intel from $24.00 to $22.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Citigroup reaffirmed a "hold" rating on shares of Intel in a report on Tuesday, July 8th. Sanford C. Bernstein cut their price target on shares of Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. Finally, Wedbush cut their price target on shares of Intel from $20.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Five equities research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $22.25.
Get Our Latest Analysis on INTC
Intel Stock Performance
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Shares of INTC stock opened at $22.63 on Friday. The firm has a market cap of $98.71 billion, a price-to-earnings ratio of -5.05 and a beta of 1.15. The company's 50 day moving average is $21.66 and its 200 day moving average is $21.49. The company has a quick ratio of 0.93, a current ratio of 1.31 and a debt-to-equity ratio of 0.42. Intel has a 52-week low of $17.67 and a 52-week high of $31.99.
Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The chip maker reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.11). The business had revenue of $12.86 billion for the quarter, compared to analysts' expectations of $11.88 billion. Intel had a negative net margin of 36.19% and a negative return on equity of 3.15%. The business's quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.02 earnings per share. On average, sell-side analysts anticipate that Intel will post -0.11 EPS for the current fiscal year.
Institutional Inflows and Outflows
- 3 Catalysts Converge on Intel Ahead of a Critical Earnings Report
A number of large investors have recently modified their holdings of INTC. N.E.W. Advisory Services LLC acquired a new position in shares of Intel in the first quarter worth about $25,000. HFM Investment Advisors LLC acquired a new position in shares of Intel in the first quarter worth about $25,000. Vermillion Wealth Management Inc. acquired a new position in shares of Intel in the fourth quarter worth about $27,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Intel in the first quarter worth about $27,000. Finally, West Branch Capital LLC acquired a new position in shares of Intel in the second quarter worth about $28,000. Institutional investors and hedge funds own 64.53% of the company's stock.
Intel Company Profile
(Get Free Report)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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