Rosenblatt Securities Cuts Intel (NASDAQ:INTC) Price Target to $14.00

Intel (NASDAQ:INTC - Get Free Report) had its target price lowered by investment analysts at Rosenblatt Securities from $18.00 to $14.00 in a research note issued on Friday, MarketBeat.com reports. The brokerage presently has a "sell" rating on the chip maker's stock. Rosenblatt Securities' target price indicates a potential downside of 31.96% from the stock's current price.

INTC has been the topic of several other reports. UBS Group cut their price target on Intel from $23.00 to $22.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Roth Mkm cut their price target on Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. JPMorgan Chase & Co. reduced their price objective on shares of Intel from $26.00 to $23.00 and set an "underweight" rating for the company in a research report on Friday, January 31st. HSBC raised shares of Intel from a "reduce" rating to a "hold" rating in a research note on Tuesday, January 21st. Finally, Mizuho decreased their price objective on Intel from $23.00 to $21.00 and set a "neutral" rating on the stock in a report on Friday, January 10th. Five analysts have rated the stock with a sell rating, twenty-six have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Intel has an average rating of "Hold" and a consensus target price of $22.23.

Intel Stock Performance

Shares of NASDAQ INTC traded up $0.07 during mid-day trading on Friday, hitting $20.58. The stock had a trading volume of 36,248,341 shares, compared to its average volume of 79,360,413. The company has a 50 day moving average of $21.82 and a two-hundred day moving average of $21.83. Intel has a twelve month low of $17.67 and a twelve month high of $37.16. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The firm has a market cap of $89.72 billion, a PE ratio of -4.71 and a beta of 1.13.

Intel (NASDAQ:INTC - Get Free Report) last released its earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The firm had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company's revenue was down .4% compared to the same quarter last year. Research analysts predict that Intel will post -0.11 EPS for the current fiscal year.

Institutional Trading of Intel

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Intel by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker's stock valued at $7,400,439,000 after buying an additional 6,143,164 shares during the period. Geode Capital Management LLC grew its stake in shares of Intel by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker's stock valued at $1,909,761,000 after acquiring an additional 2,978,346 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Intel by 8.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,263,339 shares of the chip maker's stock worth $1,268,430,000 after acquiring an additional 4,793,927 shares during the last quarter. Norges Bank acquired a new position in shares of Intel in the fourth quarter worth about $1,246,569,000. Finally, Northern Trust Corp boosted its holdings in Intel by 15.5% in the fourth quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock valued at $918,522,000 after purchasing an additional 6,157,853 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

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.