Mizuho Issues Pessimistic Forecast for Intel (NASDAQ:INTC) Stock Price

Intel (NASDAQ:INTC - Free Report) had its price target trimmed by Mizuho from $23.00 to $22.00 in a report published on Friday, MarketBeat Ratings reports. The brokerage currently has a neutral rating on the chip maker's stock.

Other research analysts have also recently issued reports about the stock. UBS Group decreased their target price on shares of Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a report on Friday. Stifel Nicolaus lowered their price objective on shares of Intel from $25.00 to $21.00 and set a "hold" rating on the stock in a research report on Friday, January 31st. Hsbc Global Res upgraded Intel from a "moderate sell" rating to a "hold" rating in a report on Tuesday, January 21st. Rosenblatt Securities lowered their price target on Intel from $18.00 to $14.00 and set a "sell" rating on the stock in a report on Friday. Finally, Morgan Stanley reduced their price objective on Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research note on Friday. Five investment analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, Intel currently has a consensus rating of "Hold" and a consensus target price of $22.23.

Intel Price Performance

Shares of NASDAQ INTC traded up $0.07 during midday trading on Friday, reaching $20.58. The company's stock had a trading volume of 36,248,341 shares, compared to its average volume of 79,360,413. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The company has a market cap of $89.72 billion, a price-to-earnings ratio of -4.71 and a beta of 1.13. Intel has a one year low of $17.67 and a one year high of $37.16. The company has a 50 day moving average price of $21.82 and a 200 day moving average price of $21.83.

Intel (NASDAQ:INTC - Get Free Report) last released 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. The business had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The company's revenue was down .4% compared to the same quarter last year. During the same period last year, the company posted $0.18 EPS. On average, equities research analysts expect that Intel will post -0.11 EPS for the current year.

Institutional Investors Weigh In On Intel

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of Intel by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker's stock valued at $7,400,439,000 after purchasing an additional 6,143,164 shares in the last quarter. Geode Capital Management LLC raised its holdings in Intel by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker's stock worth $1,909,761,000 after purchasing 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% during the 4th 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 purchasing an additional 4,793,927 shares during the period. Norges Bank acquired a new stake in shares of Intel during the 4th quarter worth approximately $1,246,569,000. Finally, Northern Trust Corp lifted 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 buying an additional 6,157,853 shares during the period. Institutional investors 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.