Intel’s (INTC) Sell Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reaffirmed their sell rating on shares of Intel (NASDAQ:INTC) in a research note published on Tuesday,Benzinga reports. The firm currently has a $80.00 price target on the chip maker’s stock.

A number of other research analysts have also recently commented on the stock. Stifel Nicolaus decreased their target price on shares of Intel from $120.00 to $110.00 and set a “hold” rating on the stock in a research report on Friday, July 24th. UBS Group upgraded shares of Intel from a “hold” rating to a “buy” rating in a research report on Tuesday, September 8th. Roth Capital boosted their price target on shares of Intel from $100.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Weiss Ratings downgraded shares of Intel from a “hold (c-)” rating to a “sell (d)” rating in a research note on Friday, October 23rd. Finally, Citigroup started coverage on shares of Intel in a report on Monday, October 19th. They issued an “outperform” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, twenty-six have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $108.23.

Intel Price Performance

NASDAQ:INTC opened at $92.07 on Tuesday. Intel has a 52 week low of $32.89 and a 52 week high of $142.35. The stock’s fifty day moving average is $101.63 and its two-hundred day moving average is $86.25. The company has a market capitalization of $464.40 billion, a P/E ratio of 154.08, a P/E/G ratio of 10.14 and a beta of 2.22. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.47.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, October 29th. The chip maker reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.11. The business had revenue of $16.51 billion during the quarter, compared to analysts’ expectations of $16.56 billion. Intel had a positive return on equity of 2.62% and a negative net margin of 19.79%. The company’s revenue was up 20.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.23 EPS. Equities analysts expect that Intel will post 1.05 EPS for the current year.

Insider Transactions at Intel

In other news, CEO Lip Bu Tan bought 105,263 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was bought at an average cost of $95.00 per share, for a total transaction of $9,999,985.00. Following the acquisition, the chief executive officer directly owned 1,314,669 shares of the company’s stock, valued at $124,893,555. The trade was a 8.70% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.05% of the company’s stock.

Institutional Trading of Intel

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Primecap Management Co. CA acquired a new position in Intel during the 2nd quarter worth $10,507,291,000. Legal & General Group Plc acquired a new stake in Intel in the 2nd quarter valued at about $4,096,110,000. Assenagon Asset Management S.A. raised its position in Intel by 87.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 30,214,769 shares of the chip maker’s stock valued at $3,632,722,000 after purchasing an additional 14,063,302 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in Intel in the 2nd quarter valued at about $1,848,438,000. Finally, Bank of America Corp DE boosted its stake in shares of Intel by 35.7% in the 2nd quarter. Bank of America Corp DE now owns 31,724,362 shares of the chip maker’s stock valued at $4,429,673,000 after buying an additional 8,342,514 shares during the period. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel News Roundup

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel reported third-quarter adjusted earnings of $0.52 per share, above the roughly $0.39–$0.41 consensus, while revenue reached approximately $16.5 billion. Intel Q3 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Data Center and AI revenue surged 78% year over year to $7.3 billion, with operating income from the business roughly tripling. Intel Foundry revenue also increased 58% to $6.7 billion. Intel Server Sales Jump 78%, Q4 Outlook Dims
• Neutral Sentiment: Intel’s planned $2.3 billion acquisition of quantum-computing software company Classiq could broaden its long-term technology portfolio, but the deal adds investment demands while near-term profitability and cash-flow execution remain key investor concerns. Intel Just Made a $2.3 Billion Quantum Buy
• Negative Sentiment: Intel forecast fourth-quarter revenue of $15 billion to $16 billion and adjusted EPS of about $0.25, well below analyst expectations of roughly $17.29 billion in revenue and $0.45 EPS. Intel Shares Tumble on Lower Profit, Weak Guidance
• Negative Sentiment: Management said the PC slowdown is expected to continue at least through the first half of next year. Client Computing and Physical AI revenue fell 5% year over year, and an explosion at an Intel facility in Israel added to near-term operational uncertainty. Intel Forecast Disappoints as PC Weakness Weighs

About Intel

Intel Corporation (NASDAQ:INTC) is a global semiconductor company that designs and manufactures computing and connectivity products. Its portfolio includes Intel Core processors for personal computers, Xeon processors for data centers and enterprise systems, and products for networking, edge computing, graphics, and artificial intelligence workloads.

Through Intel Foundry, the company also provides semiconductor manufacturing and technology-development services for external customers. Intel develops process technologies, advanced packaging, and other manufacturing capabilities intended to support its own products and third-party chip designs.

Founded in 1968 by Robert Noyce and Gordon Moore, Intel helped establish the modern microprocessor industry and has historically supplied processors for PCs, servers, and other computing systems.