Stifel Nicolaus Issues Pessimistic Forecast for Intel (NASDAQ:INTC) Stock Price

Intel (NASDAQ:INTC - Free Report) had its price target reduced by Stifel Nicolaus from $25.00 to $21.00 in a report issued on Friday,Benzinga reports. They currently have a hold rating on the chip maker's stock.

Several other brokerages have also issued reports on INTC. Truist Financial decreased their price target on shares of Intel from $22.00 to $21.00 and set a "hold" rating for the company in a research note on Friday. Barclays decreased their price objective on Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a report on Friday, January 17th. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a research note on Friday. Wells Fargo & Company dropped their price target on shares of Intel from $28.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Friday. Finally, Rosenblatt Securities reissued a "sell" rating and set a $20.00 price objective on shares of Intel in a report on Thursday. Five research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $26.60.

Intel Price Performance

Shares of NASDAQ INTC traded down $0.05 during midday trading on Friday, reaching $19.38. The company's stock had a trading volume of 76,722,387 shares, compared to its average volume of 73,245,156. Intel has a fifty-two week low of $18.51 and a fifty-two week high of $46.63. The business's 50 day moving average price is $20.78 and its two-hundred day moving average price is $22.34. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The company has a market cap of $83.59 billion, a P/E ratio of -4.42, a P/E/G ratio of 9.49 and a beta of 1.08.

Intel (NASDAQ:INTC - Get Free Report) last issued its 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%. On average, analysts forecast that Intel will post 0.19 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the sale, the executive vice president now owns 273,258 shares of the company's stock, valued at approximately $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.04% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Finley Financial LLC bought a new stake in shares of Intel during the fourth quarter worth $25,000. Keystone Financial Group Inc. bought a new position in Intel in the 4th quarter worth about $29,000. Quest Partners LLC increased its position in shares of Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock worth $30,000 after acquiring an additional 1,253 shares during the period. West Financial Advisors LLC bought a new position in Intel in the fourth quarter worth approximately $31,000. Finally, Groupama Asset Managment lifted its holdings in shares of Intel by 6.3% in the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker's stock worth $32,000 after buying an additional 8,084 shares during the period. Hedge funds and other 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.