UBS Group Has Lowered Expectations for Intel (NASDAQ:INTC) Stock Price

Intel (NASDAQ:INTC - Free Report) had its price objective decreased by UBS Group from $22.00 to $21.00 in a report issued on Friday morning, MarketBeat.com reports. UBS Group currently has a neutral rating on the chip maker's stock.

A number of other research analysts have also recently issued reports on the company. Barclays reaffirmed a "reduce" rating on shares of Intel in a research note on Tuesday. Cantor Fitzgerald decreased their price target on Intel from $29.00 to $20.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. Rosenblatt Securities dropped their price objective on Intel from $18.00 to $14.00 and set a "sell" rating for the company in a research note on Friday. Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a research note on Friday. Finally, Morgan Stanley dropped their price target on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research report on Friday. Six analysts have rated the stock with a sell rating, twenty-six have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, Intel currently has an average rating of "Hold" and a consensus price target of $22.83.

Intel Price Performance

Shares of Intel stock traded down $1.44 during trading on Friday, hitting $20.05. 147,372,216 shares of the stock traded hands, compared to its average volume of 79,457,159. The firm's fifty day moving average is $21.92 and its 200-day moving average is $21.86. The stock has a market cap of $87.43 billion, a price-to-earnings ratio of -4.58 and a beta of 1.13. 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 announced its quarterly earnings data 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 firm had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. During the same period in the previous year, the business posted $0.18 EPS. Research analysts expect that Intel will post -0.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of INTC. Finley Financial LLC bought a new stake in Intel in the 4th quarter worth about $25,000. Synergy Investment Management LLC bought a new stake in shares of Intel in the fourth quarter worth approximately $27,000. Vermillion Wealth Management Inc. purchased a new position in shares of Intel during the fourth quarter valued at approximately $27,000. BankPlus Trust Department bought a new position in Intel during the fourth quarter valued at approximately $28,000. Finally, Keystone Financial Group Inc. purchased a new stake in Intel in the fourth quarter worth approximately $29,000. 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.