Intel (NASDAQ:INTC) Given New $19.00 Price Target at Barclays

Intel (NASDAQ:INTC - Get Free Report) had its target price cut by research analysts at Barclays from $23.00 to $19.00 in a research note issued on Tuesday, Marketbeat reports. The brokerage currently has an "equal weight" rating on the chip maker's stock. Barclays's price objective indicates a potential downside of 5.24% from the stock's current price.

INTC has been the subject of a number of other research reports. Bank of America raised Intel from an "underperform" rating to a "neutral" rating and lifted their target price for the stock from $19.00 to $25.00 in a report on Thursday, March 13th. Wells Fargo & Company reduced their price objective on Intel from $28.00 to $25.00 and set an "equal weight" rating for the company in a report on Friday, January 31st. Mizuho lowered their target price on shares of Intel from $23.00 to $21.00 and set a "neutral" rating on the stock in a research note on Friday, January 10th. Rosenblatt Securities reiterated a "sell" rating and issued a $20.00 price target on shares of Intel in a research note on Thursday, January 30th. Finally, Cantor Fitzgerald lowered their price objective on shares of Intel from $29.00 to $20.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. Six equities research analysts have rated the stock with a sell rating, twenty-six have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Intel has an average rating of "Hold" and an average target price of $22.83.

Intel Stock Down 6.7 %

Intel stock traded down $1.44 during mid-day trading on Tuesday, hitting $20.05. The company had a trading volume of 147,372,216 shares, compared to its average volume of 79,457,159. Intel has a 12 month low of $17.67 and a 12 month high of $37.16. The company has a market capitalization of $87.43 billion, a PE ratio of -4.58 and a beta of 1.13. The stock's 50 day moving average price is $21.92 and its two-hundred day moving average price is $21.87. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, beating the consensus estimate of $0.01 by $0.12. The company had revenue of $12.67 billion for the quarter, compared to the consensus estimate of $12.26 billion. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. During the same period in the prior year, the firm posted $0.18 EPS. As a group, sell-side analysts anticipate that Intel will post -0.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Intel

Large investors have recently bought and sold shares of the business. Finley Financial LLC purchased a new stake in shares of Intel during the 4th quarter valued at about $25,000. Synergy Investment Management LLC purchased a new stake in Intel during the fourth quarter valued at approximately $27,000. Vermillion Wealth Management Inc. bought a new stake in shares of Intel in the 4th quarter valued at approximately $27,000. BankPlus Trust Department purchased a new position in shares of Intel in the 4th quarter worth approximately $28,000. Finally, Keystone Financial Group Inc. bought a new position in shares of Intel during the 4th quarter valued at approximately $29,000. 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.