JPMorgan Chase & Co. Issues Pessimistic Forecast for Intel (NASDAQ:INTC) Stock Price

Intel (NASDAQ:INTC) had its target price reduced by JPMorgan Chase & Co. from $26.00 to $23.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an “underweight” rating on the chip maker’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 16.90% from the stock’s current price.

A number of other research firms have also commented on INTC. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Intel from $27.00 to $25.00 and set a “hold” rating for the company in a research note on Thursday, October 3rd. HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. The Goldman Sachs Group decreased their target price on shares of Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research note on Thursday, October 17th. Benchmark reissued a “hold” rating on shares of Intel in a research note on Friday. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $22.00 target price on shares of Intel in a research note on Friday. Five equities research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $26.60.

Intel Trading Down 1.7 %

Intel stock traded down $0.34 during midday trading on Friday, reaching $19.68. The stock had a trading volume of 79,647,049 shares, compared to its average volume of 71,593,891. The firm’s fifty day simple moving average is $20.88 and its two-hundred day simple moving average is $22.62. Intel has a twelve month low of $18.51 and a twelve month high of $46.63. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The firm has a market cap of $84.86 billion, a price-to-earnings ratio of -5.29, a PEG ratio of 9.64 and a beta of 1.07.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. Equities analysts anticipate that Intel will post -0.87 EPS for the current fiscal year.

Insider Transactions at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the transaction, the executive vice president now owns 273,258 shares in the company, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.04% of the company’s stock.

Institutional Trading of Intel

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quest Partners LLC increased its stake in Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after acquiring an additional 1,253 shares during the period. Finley Financial LLC bought a new stake in Intel in the fourth quarter valued at about $25,000. Keystone Financial Group Inc. bought a new stake in Intel in the fourth quarter valued at about $29,000. FSA Wealth Management LLC bought a new stake in Intel in the third quarter valued at about $34,000. Finally, Capital Performance Advisors LLP bought a new stake in Intel in the third quarter valued at about $36,000. Institutional investors own 64.53% of the company’s stock.

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.