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

Intel (NASDAQ:INTC) had its target price reduced by research analysts at UBS Group from $23.00 to $22.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the chip maker’s stock. UBS Group’s price target would indicate a potential upside of 8.32% from the company’s current price.

Several other equities research analysts have also issued reports on INTC. Barclays dropped their target price on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Rosenblatt Securities reiterated a “sell” rating and set a $20.00 price target on shares of Intel in a research report on Thursday, January 30th. Citigroup lowered their price objective on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Cantor Fitzgerald increased their target price on shares of Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, February 18th. Finally, Wells Fargo & Company cut their price target on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $25.54.

Intel Stock Performance

Shares of INTC traded up $0.57 during mid-day trading on Monday, hitting $20.31. The stock had a trading volume of 101,763,274 shares, compared to its average volume of 77,999,526. Intel has a 52 week low of $17.67 and a 52 week high of $37.16. The business has a fifty day moving average price of $22.37 and a 200-day moving average price of $22.08. The firm has a market cap of $88.56 billion, a P/E ratio of -4.64 and a beta of 1.13. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. On average, equities research analysts expect that Intel will post -0.11 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of INTC. Finley Financial LLC purchased a new stake in shares of Intel in the 4th quarter worth $25,000. Vermillion Wealth Management Inc. acquired a new stake in Intel in the fourth quarter worth about $27,000. Synergy Investment Management LLC purchased a new stake in Intel during the 4th quarter worth approximately $27,000. BankPlus Trust Department acquired a new position in shares of Intel in the 4th quarter valued at $28,000. Finally, Keystone Financial Group Inc. acquired a new position in shares of Intel in the fourth quarter valued at about $29,000. Institutional investors 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.