UBS Group Boosts Intel (NASDAQ:INTC) Price Target to $25.00

Intel (NASDAQ:INTC - Free Report) had its target price boosted by UBS Group from $21.00 to $25.00 in a research report report published on Monday morning,Benzinga reports. UBS Group currently has a neutral rating on the chip maker's stock.

A number of other research analysts have also weighed in on INTC. Benchmark reaffirmed a "hold" rating on shares of Intel in a research note on Friday, April 25th. Seaport Res Ptn raised shares of Intel to a "strong sell" rating in a research report on Wednesday, April 30th. Mizuho lifted their price target on shares of Intel from $22.00 to $23.00 and gave the company a "neutral" rating in a research report on Thursday, July 3rd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Intel in a research report on Wednesday, May 21st. They set a "hold" rating and a $23.00 price target on the stock. Finally, Cantor Fitzgerald cut their target price on Intel from $29.00 to $20.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. Five research 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 stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $21.95.

Intel Price Performance

Intel stock traded down $0.04 during midday trading on Monday, reaching $23.27. The company had a trading volume of 28,280,268 shares, compared to its average volume of 86,095,519. The company has a market capitalization of $101.48 billion, a P/E ratio of -5.19 and a beta of 1.15. Intel has a 12-month low of $17.67 and a 12-month high of $37.16. The firm's fifty day simple moving average is $21.39 and its 200-day simple moving average is $21.34. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.93.

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. As a group, equities analysts anticipate that Intel will post -0.11 EPS for the current year.

Hedge Funds Weigh In On Intel

Several large investors have recently bought and sold shares of the stock. Compagnie Lombard Odier SCmA raised its holdings in Intel by 2.1% during the second quarter. Compagnie Lombard Odier SCmA now owns 481,227 shares of the chip maker's stock worth $10,779,000 after purchasing an additional 10,105 shares in the last quarter. CHICAGO TRUST Co NA raised its holdings in Intel by 48.3% during the second quarter. CHICAGO TRUST Co NA now owns 43,742 shares of the chip maker's stock worth $980,000 after purchasing an additional 14,253 shares in the last quarter. Salvus Wealth Management LLC increased its holdings in Intel by 4.8% in the second quarter. Salvus Wealth Management LLC now owns 11,401 shares of the chip maker's stock valued at $255,000 after buying an additional 525 shares in the last quarter. Armstrong Advisory Group Inc. increased its holdings in Intel by 19.2% in the second quarter. Armstrong Advisory Group Inc. now owns 8,800 shares of the chip maker's stock valued at $197,000 after buying an additional 1,417 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Intel by 227.7% in the second quarter. GAMMA Investing LLC now owns 46,460 shares of the chip maker's stock valued at $1,041,000 after buying an additional 32,284 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

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.