Intel (NASDAQ:INTC) Price Target Lowered to $19.00 at Barclays

Intel (NASDAQ:INTC) had its price target trimmed by Barclays from $23.00 to $19.00 in a research report sent to investors on Tuesday,Benzinga reports. The brokerage currently has an equal weight rating on the chip maker’s stock.

Other equities analysts also recently issued research reports about the company. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research note on Monday, April 14th. Susquehanna cut their price target on Intel from $24.00 to $22.00 and set a “neutral” rating for the company in a research note on Wednesday, April 16th. Wells Fargo & Company decreased their price objective on Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, Cantor Fitzgerald reduced their target price on shares of Intel from $29.00 to $20.00 and set a “neutral” rating for the company in a research note on Monday. Four equities research 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $24.25.

Intel Stock Up 3.6 %

INTC stock opened at $19.51 on Tuesday. Intel has a 1-year low of $17.67 and a 1-year high of $37.16. The stock has a market cap of $85.08 billion, a P/E ratio of -4.45 and a beta of 1.13. The stock’s fifty day simple moving average is $22.17 and its two-hundred day simple moving average is $21.91. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Finley Financial LLC purchased a new position in shares of Intel in the 4th quarter worth about $25,000. Synergy Investment Management LLC bought a new stake in Intel in the 4th quarter worth approximately $27,000. Vermillion Wealth Management Inc. purchased a new stake in Intel in the fourth quarter worth approximately $27,000. BankPlus Trust Department bought a new position in Intel during the fourth quarter valued at approximately $28,000. Finally, Keystone Financial Group Inc. purchased a new position 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.

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.