Intel (NASDAQ:INTC) Price Target Raised to $23.00 at Mizuho

Intel (NASDAQ:INTC) had its target price lifted by Mizuho from $22.00 to $23.00 in a research report report published on Friday, Benzinga reports. The firm currently has a neutral rating on the chip maker’s stock.

A number of other brokerages have also issued reports on INTC. Deutsche Bank Aktiengesellschaft cut their target price on Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a research report on Thursday, October 3rd. Bank of America cut shares of Intel from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $35.00 to $23.00 in a research report on Friday, August 2nd. Hsbc Global Res lowered Intel from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd. StockNews.com downgraded Intel from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Finally, Cantor Fitzgerald decreased their price target on shares of Intel from $40.00 to $27.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Six investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $30.12.

Intel Trading Down 2.9 %

Shares of INTC stock opened at $22.52 on Friday. The stock has a 50-day simple moving average of $21.84 and a 200 day simple moving average of $26.81. The stock has a market capitalization of $96.30 billion, a P/E ratio of -6.05 and a beta of 1.03. Intel has a fifty-two week low of $18.51 and a fifty-two week high of $51.28. The company has a quick ratio of 1.24, a current ratio of 1.59 and a debt-to-equity ratio of 0.40.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The business had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. Intel had a negative return on equity of 1.68% and a negative net margin of 29.42%. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.28 EPS. On average, sell-side analysts expect that Intel will post -0.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Opinicus Capital Inc. lifted its holdings in shares of Intel by 6.7% in the third quarter. Opinicus Capital Inc. now owns 20,714 shares of the chip maker’s stock worth $486,000 after acquiring an additional 1,300 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its position in shares of Intel by 3.7% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 26,488 shares of the chip maker’s stock worth $621,000 after acquiring an additional 952 shares in the last quarter. Beam Wealth Advisors Inc. boosted its holdings in shares of Intel by 29.2% during the 3rd quarter. Beam Wealth Advisors Inc. now owns 17,144 shares of the chip maker’s stock worth $402,000 after buying an additional 3,871 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in Intel in the third quarter worth $49,000. Finally, Tyler Stone Wealth Management increased its position in Intel by 105.4% in the 3rd quarter. Tyler Stone Wealth Management now owns 41,276 shares of the chip maker’s stock valued at $968,000 after buying an additional 21,177 shares in the last quarter. 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.