Brokerages Set Intel Co. (NASDAQ:INTC) Price Target at $27.04

Intel Co. (NASDAQ:INTC) has received an average rating of “Reduce” from the thirty-two brokerages that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $27.04.

A number of brokerages have weighed in on INTC. Citigroup lowered their price target on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Mizuho lowered their price target on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Bank of America upgraded Intel from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $19.00 to $25.00 in a report on Thursday, March 13th. Stifel Nicolaus reduced their price objective on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Finally, Benchmark restated a “hold” rating on shares of Intel in a report on Friday, January 31st.

Institutional Investors Weigh In On Intel

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quest Partners LLC lifted its stake in 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 purchasing an additional 1,253 shares during the last quarter. Finley Financial LLC bought a new stake in Intel during the fourth quarter worth $25,000. Vermillion Wealth Management Inc. bought a new stake in Intel during the fourth quarter worth $27,000. Synergy Investment Management LLC bought a new stake in Intel during the fourth quarter worth $27,000. Finally, BankPlus Trust Department bought a new stake in Intel during the fourth quarter worth $28,000. 64.53% of the stock is currently owned by institutional investors.

Intel Price Performance

Shares of NASDAQ INTC opened at $25.92 on Friday. The business’s 50 day moving average price is $21.68 and its two-hundred day moving average price is $21.93. The company has a market cap of $112.23 billion, a PE ratio of -5.92 and a beta of 1.02. 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 has a twelve month low of $18.51 and a twelve month high of $45.41.

Intel (NASDAQ:INTC) last announced 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%. On average, analysts predict that Intel will post -0.11 EPS for the current year.

About Intel

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.