Intel (NASDAQ:INTC) Price Target Cut to $22.00 by Analysts at Susquehanna

Intel (NASDAQ:INTC - Get Free Report) had its price objective decreased by equities research analysts at Susquehanna from $24.00 to $22.00 in a research report issued on Wednesday, Marketbeat.com reports. The brokerage presently has a "neutral" rating on the chip maker's stock. Susquehanna's price target points to a potential upside of 16.22% from the stock's previous close.

A number of other analysts also recently issued reports on INTC. Cantor Fitzgerald raised their price objective on Intel from $22.00 to $29.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 18th. HSBC raised Intel from a "reduce" rating to a "hold" rating in a research report on Tuesday, January 21st. JPMorgan Chase & Co. lowered their price objective on shares of Intel from $26.00 to $23.00 and set an "underweight" rating for the company in a research note on Friday, January 31st. Mizuho cut their target price on shares of Intel from $23.00 to $21.00 and set a "neutral" rating on the stock in a research note on Friday, January 10th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Intel in a research report on Monday. Four investment analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $25.38.

Intel Price Performance

NASDAQ INTC traded down $0.30 during mid-day trading on Wednesday, hitting $18.93. The stock had a trading volume of 85,400,923 shares, compared to its average volume of 78,609,595. Intel has a twelve month low of $17.67 and a twelve month high of $37.16. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The firm's 50 day moving average is $22.38 and its 200 day moving average is $21.99. The stock has a market capitalization of $82.55 billion, a price-to-earnings ratio of -4.32 and a beta of 1.13.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Equities research analysts forecast that Intel will post -0.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Intel

Several hedge funds have recently bought and sold shares of INTC. Morse Asset Management Inc purchased a new stake in Intel in the 3rd quarter valued at approximately $354,000. Advisory Resource Group boosted its stake in shares of Intel by 6.7% during the third quarter. Advisory Resource Group now owns 16,579 shares of the chip maker's stock valued at $389,000 after acquiring an additional 1,034 shares during the last quarter. SOA Wealth Advisors LLC. increased its position in Intel by 7.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 9,076 shares of the chip maker's stock worth $213,000 after purchasing an additional 615 shares in the last quarter. World Investment Advisors LLC raised its stake in Intel by 59.6% in the 3rd quarter. World Investment Advisors LLC now owns 42,990 shares of the chip maker's stock valued at $1,009,000 after purchasing an additional 16,046 shares during the last quarter. Finally, Denver PWM LLC boosted its stake in shares of Intel by 752.1% during the 3rd quarter. Denver PWM LLC now owns 26,425 shares of the chip maker's stock worth $620,000 after purchasing an additional 23,324 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

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.