Stifel Nicolaus Forecasts Strong Price Appreciation for Intel (NASDAQ:INTC) Stock

Intel (NASDAQ:INTC - Get Free Report) had its price objective boosted by equities researchers at Stifel Nicolaus from $21.00 to $24.50 in a research report issued on Monday,Benzinga reports. The brokerage currently has a "hold" rating on the chip maker's stock. Stifel Nicolaus' price objective indicates a potential upside of 5.42% from the company's current price.

A number of other brokerages also recently commented on INTC. Wells Fargo & Company lowered their price objective on Intel from $25.00 to $22.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. UBS Group boosted their price target on Intel from $21.00 to $25.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Wedbush lowered their price target on Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Wall Street Zen raised Intel from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, Seaport Res Ptn raised Intel to a "strong sell" rating in a research report on Wednesday, April 30th. Five analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $22.25.

Intel Stock Performance

Intel stock traded down $0.02 during mid-day trading on Monday, reaching $23.24. 53,445,722 shares of the company were exchanged, compared to its average volume of 86,037,893. Intel has a twelve month low of $17.67 and a twelve month high of $33.41. The firm's 50-day simple moving average is $21.57 and its two-hundred day simple moving average is $21.42. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.31. The firm has a market cap of $101.37 billion, a PE ratio of -5.19 and a beta of 1.15.

Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (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 company's revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the business posted $0.18 EPS. Equities analysts predict that Intel will post -0.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Intel

Several institutional investors have recently made changes to their positions in INTC. Norges Bank bought a new position in Intel during the 4th quarter valued at $1,246,569,000. Nuveen LLC bought a new position in Intel during the 1st quarter valued at $538,430,000. Kingstone Capital Partners Texas LLC bought a new position in Intel during the 2nd quarter valued at $345,245,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Intel by 99.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,829,385 shares of the chip maker's stock worth $677,426,000 after acquiring an additional 14,901,457 shares in the last quarter. Finally, Two Sigma Advisers LP bought a new stake in shares of Intel during the 4th quarter worth $289,752,000. 64.53% of the stock is owned by institutional investors.

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.