Intel (NASDAQ:INTC) Price Target Cut to $20.00 by Analysts at Cantor Fitzgerald

Intel (NASDAQ:INTC) had its price target cut by investment analysts at Cantor Fitzgerald from $29.00 to $20.00 in a research report issued to clients and investors on Monday,Briefing.com Automated Import reports. The brokerage currently has a “neutral” rating on the chip maker’s stock. Cantor Fitzgerald’s price target would indicate a potential upside of 8.75% from the stock’s previous close.

A number of other equities analysts have also recently commented on INTC. Bank of America upgraded Intel from an “underperform” rating to a “neutral” rating and raised their target price for the company from $19.00 to $25.00 in a report on Thursday, March 13th. Citigroup dropped their price target on shares of Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Benchmark reaffirmed a “hold” rating on shares of Intel in a research note on Friday, January 31st. Wells Fargo & Company decreased their target price on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Finally, Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Four analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $25.00.

Intel Trading Down 2.9 %

Shares of INTC traded down $0.54 during mid-day trading on Monday, reaching $18.39. 33,889,170 shares of the company’s stock traded hands, compared to its average volume of 78,515,411. The stock’s 50-day moving average is $22.34 and its two-hundred day moving average is $21.95. The stock has a market cap of $80.19 billion, a P/E ratio of -4.20 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 has a 12 month low of $17.67 and a 12 month high of $37.16.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Finley Financial LLC purchased a new stake in Intel during the fourth quarter worth about $25,000. Vermillion Wealth Management Inc. acquired a new position in Intel during the fourth quarter valued at approximately $27,000. Synergy Investment Management LLC acquired a new stake in shares of Intel in the fourth quarter valued at about $27,000. BankPlus Trust Department acquired a new position in Intel in the 4th quarter worth $28,000. Finally, Keystone Financial Group Inc. acquired a new stake in shares of Intel during the fourth quarter worth approximately $29,000. 64.53% of the stock is currently owned by hedge funds and other 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.