Intel (NASDAQ:INTC) Price Target Cut to $21.00 by Analysts at UBS Group

Intel (NASDAQ:INTC - Free Report) had its price target decreased by UBS Group from $22.00 to $21.00 in a report issued on Friday, Marketbeat reports. UBS Group currently has a neutral rating on the chip maker's stock.

Other equities analysts also recently issued research reports about the company. Susquehanna lowered their price target on Intel from $24.00 to $22.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Benchmark reissued a "hold" rating on shares of Intel in a research note on Friday. Roth Mkm reduced their price objective on shares of Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Truist Financial dropped their target price on shares of Intel from $22.00 to $21.00 and set a "hold" rating on the stock in a research report on Friday, January 31st. Finally, Hsbc Global Res upgraded Intel from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, January 21st. Five investment analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $22.23.

Intel Stock Performance

Shares of Intel stock traded up $0.07 during trading on Friday, hitting $20.58. 36,248,341 shares of the company's stock were exchanged, compared to its average volume of 79,360,413. Intel has a 52-week low of $17.67 and a 52-week high of $37.16. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The stock has a market capitalization of $89.72 billion, a price-to-earnings ratio of -4.71 and a beta of 1.13. The business has a 50-day simple moving average of $21.82 and a 200-day simple moving average of $21.83.

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

Institutional Investors Weigh In On Intel

Hedge funds have recently made changes to their positions in the business. Relyea Zuckerberg Hanson LLC raised its stake in Intel by 211.6% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker's stock valued at $579,000 after acquiring an additional 19,625 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Intel by 4.4% during the third quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker's stock worth $113,244,000 after purchasing an additional 204,200 shares during the last quarter. Empirical Asset Management LLC acquired a new stake in shares of Intel during the fourth quarter worth $276,000. InvesTrust purchased a new position in Intel in the 4th quarter valued at $3,696,000. Finally, Rheos Capital Works Inc. increased its stake in Intel by 12.1% in the 4th quarter. Rheos Capital Works Inc. now owns 277,000 shares of the chip maker's stock valued at $5,554,000 after buying an additional 30,000 shares during the period. 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.