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

Shares of Intel Co. (NASDAQ:INTC) have been given a consensus rating of “Reduce” by the thirty-two research firms that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $27.04.

Several research firms have recently commented on INTC. JPMorgan Chase & Co. decreased their price objective on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a report on Friday, January 31st. Barclays decreased their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Finally, Bank of America raised Intel from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $19.00 to $25.00 in a research note on Thursday.

Intel Trading Up 1.5 %

NASDAQ INTC opened at $24.05 on Friday. The stock’s 50-day simple moving average is $21.45 and its two-hundred day simple moving average is $21.87. Intel has a twelve month low of $18.51 and a twelve month high of $45.41. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $104.14 billion, a price-to-earnings ratio of -5.49 and a beta of 1.02.

Intel (NASDAQ:INTC) last released 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 net margin of 35.32% and a negative return on equity of 3.27%. Research analysts forecast that Intel will post -0.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Intel

A number of hedge funds have recently added to or reduced their stakes in INTC. Ashton Thomas Securities LLC purchased a new position in Intel in the 3rd quarter worth approximately $49,000. Nations Financial Group Inc. IA ADV raised its holdings in 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 during the last quarter. Harbour Investments Inc. raised its holdings in Intel by 13.1% in the 3rd quarter. Harbour Investments Inc. now owns 41,341 shares of the chip maker’s stock worth $970,000 after acquiring an additional 4,793 shares during the last quarter. Ashton Thomas Private Wealth LLC raised its holdings in Intel by 10.9% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 41,468 shares of the chip maker’s stock worth $973,000 after acquiring an additional 4,089 shares during the last quarter. Finally, Aptus Capital Advisors LLC raised its stake in Intel by 19.5% during the 3rd quarter. Aptus Capital Advisors LLC now owns 48,115 shares of the chip maker’s stock valued at $1,129,000 after buying an additional 7,861 shares during the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

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.