UBS Group Forecasts Strong Price Appreciation for Intel (NASDAQ:INTC) Stock

Intel (NASDAQ:INTC) had its price target upped by UBS Group from $21.00 to $25.00 in a research note published on Monday,Benzinga reports. They currently have a neutral rating on the chip maker’s stock.

Several other brokerages have also recently commented on INTC. Mizuho boosted their target price 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. Cfra Research upgraded shares of Intel to a “hold” rating in a research report on Friday, April 25th. Morgan Stanley lowered their price objective 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, April 25th. Sanford C. Bernstein lowered their price objective on shares of Intel from $25.00 to $21.00 and set a “market perform” rating for the company in a research report on Tuesday, April 22nd. Finally, Citigroup reiterated a “hold” rating on shares of Intel in a research report on Tuesday, July 8th. Five research analysts have rated the stock with a sell rating, twenty-six have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Intel presently has a consensus rating of “Hold” and an average target price of $21.95.

Intel Stock Performance

Shares of Intel stock traded down $0.47 during trading on Monday, hitting $22.96. 6,149,722 shares of the stock were exchanged, compared to its average volume of 86,163,771. The stock has a market capitalization of $100.15 billion, a price-to-earnings ratio of -5.12 and a beta of 1.15. The company has a fifty day moving average price of $21.33 and a 200-day moving average price of $21.32. Intel has a 1-year low of $17.67 and a 1-year high of $37.16. The company has a current ratio of 1.31, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS 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 the consensus estimate of $12.26 billion. Intel had a negative net margin of 36.19% and a negative return on equity of 3.15%. Intel’s revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.18 EPS. As a group, equities analysts predict that Intel will post -0.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Intel

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of Intel by 2.2% in the first quarter. Vanguard Group Inc. now owns 377,390,437 shares of the chip maker’s stock valued at $8,570,537,000 after buying an additional 8,291,233 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Intel by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker’s stock valued at $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 raised its holdings in shares of Intel by 8.2% in the fourth 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 last quarter. Norges Bank purchased a new stake in shares of Intel in the fourth quarter valued at about $1,246,569,000. Finally, Northern Trust Corp raised its holdings in shares of Intel by 0.3% in the first quarter. Northern Trust Corp now owns 45,969,843 shares of the chip maker’s stock valued at $1,043,975,000 after purchasing an additional 158,288 shares during the last quarter. 64.53% of the stock is owned by 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.