Mizuho Raises Intel (NASDAQ:INTC) Price Target to $23.00

Intel (NASDAQ:INTC - Get Free Report) had its price objective upped by analysts at Mizuho from $22.00 to $23.00 in a report released on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the chip maker's stock. Mizuho's target price suggests a potential upside of 2.66% from the company's previous close.

Other equities research analysts also recently issued research reports about the company. Benchmark reiterated a "hold" rating on shares of Intel in a report on Friday, April 25th. Wall Street Zen raised Intel from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Cantor Fitzgerald reduced their price target 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. Cfra Research upgraded shares of Intel to a "hold" rating in a report on Friday, April 25th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Intel in a report on Friday, April 25th. Six investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, Intel currently has an average rating of "Hold" and an average target price of $21.62.

Intel Trading Up 2.4%

Shares of Intel stock traded up $0.53 during mid-day trading on Thursday, hitting $22.41. The stock had a trading volume of 61,175,951 shares, compared to its average volume of 86,210,114. The firm has a 50-day moving average of $20.99 and a two-hundred day moving average of $21.17. The firm has a market cap of $97.73 billion, a P/E ratio of -5.00 and a beta of 1.15. 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 has a 12-month low of $17.67 and a 12-month high of $37.16.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, topping 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 company 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 business posted $0.18 earnings per share. The firm's revenue for the quarter was down .4% compared to the same quarter last year. Sell-side analysts forecast that Intel will post -0.11 earnings per share for the current year.

Hedge Funds Weigh In On Intel

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of Intel by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 377,390,437 shares of the chip maker's stock valued at $8,570,537,000 after buying an additional 8,291,233 shares in the last quarter. Geode Capital Management LLC lifted its position in Intel by 3.2% in 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Intel by 8.2% in 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 valued at $1,268,430,000 after acquiring an additional 4,793,927 shares during the last quarter. Norges Bank acquired a new position in Intel in the fourth quarter valued at $1,246,569,000. Finally, Northern Trust Corp grew its holdings in shares of Intel by 0.3% during the first quarter. Northern Trust Corp now owns 45,969,843 shares of the chip maker's stock worth $1,043,975,000 after purchasing an additional 158,288 shares during the last quarter. 64.53% of the stock is 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.