Intel (NASDAQ:INTC) Price Target Raised to $40.00

Intel (NASDAQ:INTC) had its price objective raised by Cantor Fitzgerald from $36.00 to $40.00 in a report published on Monday morning,MarketScreener reports. Cantor Fitzgerald currently has a neutral rating on the chip maker’s stock.

Several other analysts also recently weighed in on the company. Erste Group Bank upgraded Intel from a “sell” rating to a “hold” rating in a research note on Monday, September 22nd. Citigroup reiterated a “sell” rating and issued a $29.00 price target (up previously from $24.00) on shares of Intel in a report on Friday, September 19th. Bank of America restated an “underperform” rating and set a $34.00 price objective on shares of Intel in a research note on Monday, October 13th. Barclays upped their price objective on shares of Intel from $19.00 to $25.00 and gave the company an “equal weight” rating in a report on Friday, September 19th. Finally, Susquehanna raised their target price on shares of Intel from $22.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. Two analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and seven have assigned a Sell rating to the company. According to data from MarketBeat, Intel currently has a consensus rating of “Reduce” and a consensus price target of $29.26.

Intel Stock Performance

Shares of Intel stock opened at $36.92 on Monday. The company has a 50 day moving average price of $29.81 and a 200 day moving average price of $24.06. The firm has a market capitalization of $161.60 billion, a P/E ratio of -7.74 and a beta of 1.33. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. Intel has a 52 week low of $17.67 and a 52 week high of $39.65.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, July 24th. The chip maker reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.11). The company had revenue of $12.86 billion for the quarter, compared to analysts’ expectations of $11.88 billion. Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. Intel’s quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the firm earned $0.02 earnings per share. Sell-side analysts expect that Intel will post -0.11 EPS for the current year.

Institutional Trading of Intel

A number of hedge funds have recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC purchased a new position in Intel in the first quarter valued at $25,000. HFM Investment Advisors LLC acquired a new stake in shares of Intel during the 1st quarter valued at about $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Intel in the 1st quarter valued at about $27,000. West Branch Capital LLC acquired a new position in Intel in the 2nd quarter worth about $28,000. Finally, Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna acquired a new position in Intel in the 2nd quarter worth about $28,000. 64.53% of the stock is 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.