Intel (NASDAQ:INTC) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Intel (NASDAQ:INTC - Get Free Report) had its price target increased by investment analysts at Stifel Nicolaus from $21.00 to $24.50 in a research report issued on Monday,Benzinga reports. The firm presently has a "hold" rating on the chip maker's stock. Stifel Nicolaus' price objective suggests a potential upside of 7.86% from the company's previous close.

A number of other analysts also recently commented on the company. Barclays restated a "reduce" rating on shares of Intel in a report on Tuesday, April 22nd. Deutsche Bank Aktiengesellschaft began coverage on shares of Intel in a research report on Wednesday, May 21st. They set a "hold" rating and a $23.00 target price for the company. Benchmark reissued a "hold" rating on shares of Intel in a research report on Friday, April 25th. Wedbush dropped their price objective on shares of Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Finally, Susquehanna dropped their price objective on shares of Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Five investment analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, Intel has an average rating of "Hold" and a consensus price target of $22.25.

Intel Trading Down 3.3%

Shares of NASDAQ INTC traded down $0.78 on Monday, reaching $22.71. 61,993,848 shares of the company traded hands, compared to its average volume of 92,388,406. Intel has a fifty-two week low of $17.67 and a fifty-two week high of $31.99. The company has a current ratio of 1.31, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. The company has a 50 day moving average of $21.64 and a 200 day moving average of $21.47. The stock has a market capitalization of $99.08 billion, a PE ratio of -5.07 and a beta of 1.15.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. N.E.W. Advisory Services LLC acquired a new position in Intel during the 1st quarter valued at about $25,000. HFM Investment Advisors LLC acquired a new position in shares of Intel during the first quarter worth approximately $25,000. Vermillion Wealth Management Inc. acquired a new position in shares of Intel during the fourth quarter worth approximately $27,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in Intel during the 1st quarter worth $27,000. Finally, West Branch Capital LLC acquired a new position in Intel during the 2nd quarter worth $28,000. Institutional investors and hedge funds 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.