Stifel Nicolaus Reiterates “Hold” Rating for Intel (NASDAQ:INTC)

Intel (NASDAQ:INTC)‘s stock had its “hold” rating reiterated by stock analysts at Stifel Nicolaus in a research report issued to clients and investors on Friday, Benzinga reports. They presently have a $25.00 price objective on the chip maker’s stock, down from their previous price objective of $28.00. Stifel Nicolaus’ price objective indicates a potential upside of 10.23% from the stock’s previous close.

A number of other research firms also recently commented on INTC. Benchmark reaffirmed a “hold” rating on shares of Intel in a research note on Monday, September 23rd. Hsbc Global Res cut Intel from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft dropped their price objective on Intel from $27.00 to $25.00 and set a “hold” rating for the company in a research report on Thursday, October 3rd. Roth Mkm decreased their target price on Intel from $35.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Finally, Cantor Fitzgerald dropped their target price on shares of Intel from $40.00 to $27.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Six equities research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Intel currently has a consensus rating of “Hold” and an average price target of $31.15.

Intel Stock Performance

NASDAQ:INTC opened at $22.68 on Friday. The company has a current ratio of 1.59, a quick ratio of 1.24 and a debt-to-equity ratio of 0.40. The stock has a 50 day simple moving average of $21.62 and a 200 day simple moving average of $27.45. Intel has a 1-year low of $18.51 and a 1-year high of $51.28. The stock has a market cap of $96.98 billion, a P/E ratio of 98.61 and a beta of 1.03.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). Intel had a net margin of 1.77% and a return on equity of 1.78%. The business had revenue of $12.80 billion during the quarter, compared to the consensus estimate of $12.92 billion. During the same period in the previous year, the firm posted ($0.05) EPS. The company’s revenue was down .8% compared to the same quarter last year. Research analysts anticipate that Intel will post -0.47 earnings per share for the current year.

Insider Activity at Intel

In other news, CEO Patrick P. Gelsinger purchased 12,500 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average cost of $20.16 per share, with a total value of $252,000.00. Following the purchase, the chief executive officer now owns 37,975 shares in the company, valued at $765,576. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.04% of the stock is owned by corporate insiders.

Institutional Trading of Intel

Hedge funds and other institutional investors have recently bought and sold shares of the business. Brookstone Capital Management increased its holdings in Intel by 65.2% during the 1st quarter. Brookstone Capital Management now owns 69,096 shares of the chip maker’s stock worth $3,052,000 after purchasing an additional 27,274 shares in the last quarter. Hodges Capital Management Inc. raised its position in Intel by 5.0% in the 1st quarter. Hodges Capital Management Inc. now owns 33,490 shares of the chip maker’s stock valued at $1,479,000 after buying an additional 1,602 shares during the last quarter. Vicus Capital lifted its stake in Intel by 39.5% during the 1st quarter. Vicus Capital now owns 13,674 shares of the chip maker’s stock valued at $604,000 after acquiring an additional 3,872 shares in the last quarter. Legend Financial Advisors Inc. grew its stake in shares of Intel by 155,890.9% in the 1st quarter. Legend Financial Advisors Inc. now owns 17,159 shares of the chip maker’s stock worth $758,000 after acquiring an additional 17,148 shares in the last quarter. Finally, Home Federal Bank of Tennessee lifted its position in shares of Intel by 12.3% during the first quarter. Home Federal Bank of Tennessee now owns 21,955 shares of the chip maker’s stock valued at $970,000 after purchasing an additional 2,409 shares in the last quarter. 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.