Intel (NASDAQ:INTC) Earns Hold Rating from Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft assumed coverage on shares of Intel (NASDAQ:INTC) in a research report report published on Wednesday morning, MarketBeat.com reports. The firm issued a hold rating and a $23.00 target price on the chip maker’s stock.

Several other analysts have also recently issued reports on the stock. Citigroup reissued a “sell” rating on shares of Intel in a research note on Friday, April 25th. Barclays reissued a “reduce” rating on shares of Intel in a research report on Tuesday, April 22nd. Wall Street Zen upgraded Intel from a “sell” rating to a “hold” rating in a report on Monday, April 28th. Benchmark reiterated a “hold” rating on shares of Intel in a report on Friday, April 25th. Finally, Mizuho dropped their target price on shares of Intel from $23.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday, April 25th. Six analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $21.57.

Intel Stock Down 2.4%

Shares of NASDAQ:INTC opened at $20.05 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 firm has a market cap of $87.46 billion, a price-to-earnings ratio of -4.58 and a beta of 1.15. The stock’s 50-day moving average price is $21.07 and its two-hundred day moving average price is $21.62. Intel has a 12-month low of $17.67 and a 12-month high of $37.16.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.12. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The business had revenue of $12.67 billion for the quarter, compared to analysts’ expectations of $12.26 billion. During the same period last year, the company earned $0.18 earnings per share. The company’s quarterly revenue was down .4% on a year-over-year basis. On average, research analysts forecast that Intel will post -0.11 EPS for the current year.

Institutional Trading of Intel

Several large investors have recently modified their holdings of the business. Finley Financial LLC bought a new position in Intel during the 4th quarter valued at $25,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Intel in the 1st quarter valued at about $25,000. HFM Investment Advisors LLC bought a new position in shares of Intel during the first quarter worth about $25,000. Synergy Investment Management LLC acquired a new position in Intel in the fourth quarter worth about $27,000. Finally, Vermillion Wealth Management Inc. bought a new stake in Intel in the fourth quarter valued at about $27,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

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.