Investment analysts at Loop Capital started coverage on shares of Intel (NASDAQ:INTC - Get Free Report) in a note issued to investors on Monday,Benzinga reports. The firm set a "hold" rating and a $25.00 price target on the chip maker's stock. Loop Capital's target price would indicate a potential upside of 7.48% from the stock's current price.
Other research analysts have also recently issued reports about the stock. Stifel Nicolaus raised their price objective on shares of Intel from $21.00 to $24.50 and gave the stock a "hold" rating in a research note on Monday. Cantor Fitzgerald lowered their target price on Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Intel in a research report on Wednesday, May 21st. They issued a "hold" rating and a $23.00 target price for the company. JPMorgan Chase & Co. lowered their price objective on shares of Intel from $23.00 to $20.00 and set an "underweight" rating for the company in a research report on Friday, April 25th. Finally, UBS Group boosted their price objective on shares of Intel from $21.00 to $25.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Five investment analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $22.25.
Check Out Our Latest Stock Analysis on Intel
Intel Stock Up 0.7%
INTC stock traded up $0.16 during trading on Monday, hitting $23.26. 61,529,518 shares of the company's stock traded hands, compared to its average volume of 86,166,508. The firm has a market capitalization of $101.46 billion, a P/E ratio of -5.19 and a beta of 1.15. The business has a fifty day simple moving average of $21.57 and a two-hundred day simple moving average of $21.42. 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 1 year low of $17.67 and a 1 year high of $33.41.
Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.12. The firm had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative net margin of 36.19% and a negative return on equity of 3.15%. Intel's quarterly revenue was down .4% compared to the same quarter last year. During the same period last year, the company posted $0.18 EPS. Sell-side analysts anticipate that Intel will post -0.11 EPS for the current year.
Institutional Investors Weigh In On Intel
Several hedge funds have recently made changes to their positions in the company. HFM Investment Advisors LLC purchased a new stake in Intel in the first quarter valued at about $25,000. N.E.W. Advisory Services LLC purchased a new stake in Intel in the first quarter valued at about $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Intel in the first quarter valued at about $27,000. West Branch Capital LLC purchased a new stake in Intel in the second quarter valued at about $28,000. Finally, LFA Lugano Financial Advisors SA purchased a new stake in Intel in the first quarter valued at about $30,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.
Intel Company Profile
(
Get Free Report)
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.
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