Intel Corporation (NASDAQ:INTC) Receives $21.95 Average Price Target from Brokerages

Shares of Intel Corporation (NASDAQ:INTC - Get Free Report) have earned an average rating of "Reduce" from the thirty-one brokerages that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a sell recommendation, twenty-five have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $21.95.

A number of equities analysts have recently commented on INTC shares. Mizuho raised their price target on Intel from $22.00 to $23.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. Wedbush cut their price target on Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Wall Street Zen raised Intel from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Cfra Research raised Intel to a "hold" rating in a report on Friday, April 25th. Finally, Cantor Fitzgerald cut their price target on Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a report on Monday, April 21st.

Intel Stock Performance

Intel stock traded up $0.30 during mid-day trading on Thursday, reaching $23.10. 59,871,914 shares of the company's stock were exchanged, compared to its average volume of 86,189,767. The business's fifty day simple moving average is $21.53 and its 200 day simple moving average is $21.38. The firm has a market capitalization of $100.76 billion, a PE ratio of -5.16 and a beta of 1.15. Intel has a one year low of $17.67 and a one year high of $36.30. The company has a quick ratio of 0.93, a current ratio of 1.31 and a debt-to-equity ratio of 0.42.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.12. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. The business had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. During the same period in the prior year, the company earned $0.18 earnings per share. Intel's revenue was down .4% compared to the same quarter last year. On average, sell-side analysts expect that Intel will post -0.11 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. HFM Investment Advisors LLC purchased a new position in shares of Intel during the 1st quarter worth approximately $25,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Intel in the 1st quarter worth approximately $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Intel in the 1st quarter worth approximately $27,000. West Branch Capital LLC purchased a new stake in shares of Intel in the 2nd quarter worth approximately $28,000. Finally, LFA Lugano Financial Advisors SA purchased a new stake in shares of Intel in the 1st quarter worth approximately $30,000. Hedge funds and other 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.