Intel (NASDAQ:INTC - Get Free Report) had its price objective reduced by research analysts at Rosenblatt Securities from $18.00 to $14.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a "sell" rating on the chip maker's stock. Rosenblatt Securities' price objective would indicate a potential downside of 34.85% from the stock's current price.
Several other analysts also recently issued reports on INTC. Wedbush reduced 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. Benchmark reiterated a "hold" rating on shares of Intel in a report on Friday. Bank of America raised Intel from an "underperform" rating to a "neutral" rating and raised their price target for the stock from $19.00 to $25.00 in a research report on Thursday, March 13th. HSBC raised Intel from a "reduce" rating to a "hold" rating in a research note on Tuesday, January 21st. Finally, Stifel Nicolaus lowered their price target on shares of Intel from $25.00 to $21.00 and set a "hold" rating for the company in a report on Friday, January 31st. Five analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $23.17.
Check Out Our Latest Analysis on INTC
Intel Price Performance
Shares of NASDAQ:INTC opened at $21.49 on Friday. The company has a market cap of $93.71 billion, a P/E ratio of -4.91 and a beta of 1.13. The company has a 50-day moving average price of $22.07 and a 200 day moving average price of $21.90. Intel has a 52 week low of $17.67 and a 52 week high of $37.16. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.
Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates 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 in the prior year, the company posted $0.18 EPS. Research analysts predict that Intel will post -0.11 earnings per share for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of INTC. Finley Financial LLC acquired a new stake in Intel in the fourth quarter worth $25,000. Synergy Investment Management LLC bought a new stake in Intel during the fourth quarter worth approximately $27,000. Vermillion Wealth Management Inc. acquired a new stake in Intel in the fourth quarter worth approximately $27,000. BankPlus Trust Department bought a new position in Intel during the 4th quarter valued at $28,000. Finally, Keystone Financial Group Inc. acquired a new position in shares of Intel during the 4th quarter valued at $29,000. 64.53% of the stock is owned by institutional investors and hedge funds.
Intel Company Profile
(
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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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