Intel (NASDAQ:INTC) Price Target Lowered to $22.00 at Mizuho

Intel (NASDAQ:INTC - Free Report) had its price objective reduced by Mizuho from $23.00 to $22.00 in a report issued on Friday morning, MarketBeat.com reports. They currently have a neutral rating on the chip maker's stock.

INTC has been the topic of a number of other research reports. UBS Group cut their price target on shares of Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a research note on Friday. Hsbc Global Res raised Intel from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, January 21st. HSBC raised Intel from a "reduce" rating to a "hold" rating in a research report on Tuesday, January 21st. Citigroup cut their price objective on Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a report on Tuesday, January 21st. Finally, Benchmark reaffirmed a "hold" rating on shares of Intel in a report on Friday. Six equities research analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $22.83.

Intel Stock Down 6.7 %

Shares of Intel stock traded down $1.44 during trading on Friday, reaching $20.05. The company's stock had a trading volume of 147,372,216 shares, compared to its average volume of 79,457,159. Intel has a 1-year low of $17.67 and a 1-year high of $37.16. The company has a 50-day simple moving average of $21.92 and a two-hundred day simple moving average of $21.86. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The company has a market cap of $87.43 billion, a price-to-earnings ratio of -4.58 and a beta of 1.13.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.12. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The business had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. During the same quarter last year, the company earned $0.18 earnings per share. As a group, equities analysts forecast that Intel will post -0.11 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Mather Group LLC. grew its holdings in shares of Intel by 112.6% during the first quarter. Mather Group LLC. now owns 11,498 shares of the chip maker's stock worth $261,000 after buying an additional 6,090 shares in the last quarter. Alta Advisers Ltd boosted its position in Intel by 77.7% during the first quarter. Alta Advisers Ltd now owns 25,621 shares of the chip maker's stock worth $582,000 after acquiring an additional 11,200 shares during the last quarter. Deseret Mutual Benefit Administrators grew its stake in Intel by 8.7% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 27,116 shares of the chip maker's stock valued at $616,000 after acquiring an additional 2,159 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in Intel in the 1st quarter valued at about $869,000. Finally, Altus Wealth Group LLC lifted its stake in Intel by 15.7% in the 1st quarter. Altus Wealth Group LLC now owns 33,526 shares of the chip maker's stock worth $761,000 after purchasing an additional 4,561 shares in the last quarter. 64.53% of the stock is 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.