Brokerages Set Intel Co. (NASDAQ:INTC) Price Target at $21.57

Intel Co. (NASDAQ:INTCGet Free Report) has earned an average rating of “Reduce” from the thirty-one ratings firms that are currently covering the company, Marketbeat reports. Six analysts have rated the stock with a sell recommendation, twenty-four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $21.57.

A number of brokerages have weighed in on INTC. Truist Financial decreased their price objective on shares of Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. UBS Group decreased their price objective on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, April 25th. Barclays reiterated a “reduce” rating on shares of Intel in a research report on Tuesday, April 22nd. Wedbush reduced their price target on shares of Intel from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, April 23rd. Finally, Morgan Stanley reduced 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, April 25th.

Check Out Our Latest Research Report on Intel

Hedge Funds Weigh In On Intel

Several hedge funds and other institutional investors have recently added to or reduced their stakes in INTC. HFM Investment Advisors LLC purchased a new stake in shares of Intel during the 1st quarter worth $25,000. N.E.W. Advisory Services LLC purchased a new position in shares of Intel in the 1st quarter valued at about $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Intel in the 1st quarter valued at about $27,000. LFA Lugano Financial Advisors SA purchased a new position in shares of Intel in the 1st quarter valued at about $30,000. Finally, Vermillion Wealth Management Inc. purchased a new position in shares of Intel in the 4th quarter valued at about $27,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Price Performance

NASDAQ:INTC opened at $19.49 on Wednesday. Intel has a one year low of $17.67 and a one year high of $37.16. 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 firm has a market cap of $85.02 billion, a price-to-earnings ratio of -4.45 and a beta of 1.15. The firm’s fifty day moving average is $20.67 and its two-hundred day moving average is $21.44.

Intel (NASDAQ:INTCGet Free Report) last posted its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, beating the consensus estimate 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 company had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. During the same period in the prior year, the company earned $0.18 earnings per share. The firm’s revenue was down .4% on a year-over-year basis. Research analysts expect that Intel will post -0.11 EPS for the current year.

Intel Company Profile

(Get Free Report

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.

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Analyst Recommendations for Intel (NASDAQ:INTC)

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