Intel (NASDAQ:INTC) Price Target Cut to $23.00 by Analysts at UBS Group

Intel (NASDAQ:INTC - Get Free Report) had its price objective cut by equities research analysts at UBS Group from $26.00 to $23.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a "neutral" rating on the chip maker's stock. UBS Group's price objective would indicate a potential upside of 5.65% from the company's current price.

A number of other research analysts have also commented on the stock. Stifel Nicolaus reaffirmed a "hold" rating and set a $25.00 price objective (down previously from $28.00) on shares of Intel in a research report on Friday, October 25th. HSBC raised Intel from a "reduce" rating to a "hold" rating in a report on Tuesday. Bank of America reiterated an "underperform" rating and set a $21.00 price target on shares of Intel in a research note on Tuesday, December 3rd. Citigroup dropped their price objective on shares of Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a research note on Tuesday. Finally, The Goldman Sachs Group decreased their target price on shares of Intel from $22.00 to $21.00 and set a "sell" rating on the stock in a research report on Thursday, October 17th. Five research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $28.81.

Intel Price Performance

Shares of Intel stock opened at $21.77 on Tuesday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. The firm has a fifty day simple moving average of $21.48 and a 200-day simple moving average of $23.20. The stock has a market capitalization of $93.89 billion, a price-to-earnings ratio of -5.85, a PEG ratio of 9.46 and a beta of 1.07. Intel has a 1-year low of $18.51 and a 1-year high of $50.30.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.44). The firm had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The firm's revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the company earned $0.28 earnings per share. On average, sell-side analysts expect that Intel will post -0.87 earnings per share for the current year.

Insider Buying and Selling at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the sale, the executive vice president now owns 273,258 shares in the company, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.04% of the company's stock.

Institutional Investors Weigh In On Intel

A number of institutional investors and hedge funds have recently added to or reduced their stakes in INTC. Finley Financial LLC bought a new position in shares of Intel during the fourth quarter worth $25,000. Quest Partners LLC raised its stake in Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock worth $30,000 after buying an additional 1,253 shares during the period. West Financial Advisors LLC bought a new position in Intel during the fourth quarter worth about $31,000. Groupama Asset Managment grew its stake in Intel by 6.3% in the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker's stock valued at $32,000 after acquiring an additional 8,084 shares during the period. Finally, Sawyer & Company Inc bought a new stake in shares of Intel in the fourth quarter worth about $32,000. 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.