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

Intel Co. (NASDAQ:INTC) has been given a consensus recommendation of “Reduce” by the thirty-two analysts that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, twenty-eight have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $27.04.

INTC has been the topic of several recent research reports. Roth Mkm decreased their target price on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Stifel Nicolaus decreased their target price on shares of Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Benchmark reissued a “hold” rating on shares of Intel in a report on Friday, January 31st. Bank of America raised shares of Intel from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $19.00 to $25.00 in a report on Thursday, March 13th. Finally, Barclays cut their price target on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, January 17th.

Intel Stock Performance

NASDAQ INTC opened at $23.96 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The company’s fifty day moving average is $21.85 and its two-hundred day moving average is $21.96. Intel has a 52-week low of $18.51 and a 52-week high of $45.41. The firm has a market capitalization of $103.75 billion, a price-to-earnings ratio of -5.47 and a beta of 1.02.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. Equities research analysts forecast that Intel will post -0.11 EPS for the current year.

Institutional Investors Weigh In On Intel

Several institutional investors have recently modified their holdings of INTC. Cornerstone Advisory LLC grew its holdings in Intel by 4.3% during the fourth quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker’s stock valued at $198,000 after purchasing an additional 409 shares during the period. Evergreen Capital Management LLC grew its holdings in Intel by 1.0% during the fourth quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker’s stock valued at $840,000 after purchasing an additional 419 shares during the period. Dunhill Financial LLC grew its holdings in Intel by 22.6% during the third quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock valued at $56,000 after purchasing an additional 438 shares during the period. Federated Hermes Inc. grew its holdings in Intel by 0.3% during the fourth quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker’s stock valued at $3,263,000 after purchasing an additional 456 shares during the period. Finally, Beaton Management Co. Inc. grew its holdings in Intel by 2.2% during the third quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock valued at $544,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds 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.