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

Intel (NASDAQ:INTC) had its price objective trimmed by UBS Group from $22.00 to $21.00 in a research report sent to investors on Friday morning, Marketbeat Ratings reports. The firm currently has a neutral rating on the chip maker’s stock.

Several other analysts have also issued reports on the company. HSBC raised Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Bank of America raised shares of Intel from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $19.00 to $25.00 in a report on Thursday, March 13th. Wells Fargo & Company lowered their price target on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Wedbush decreased their price objective on shares of Intel from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Mizuho dropped their target price on shares of Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Six 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 company’s stock. Based on data from MarketBeat.com, Intel currently has a consensus rating of “Hold” and an average target price of $22.83.

Intel Stock Down 6.7 %

INTC opened at $20.05 on Friday. Intel has a twelve month low of $17.67 and a twelve month high of $37.16. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The firm has a 50 day moving average price of $21.92 and a 200-day moving average price of $21.87. The stock has a market capitalization of $87.43 billion, a price-to-earnings ratio of -4.58 and a beta of 1.13.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, beating the consensus estimate of $0.01 by $0.12. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The firm had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. During the same quarter in the prior year, the firm earned $0.18 EPS. Equities research analysts forecast that Intel will post -0.11 earnings per share for the current year.

Institutional Trading of Intel

A number of large investors have recently modified their holdings of INTC. Mather Group LLC. boosted its stake in shares of Intel by 112.6% in the 1st quarter. Mather Group LLC. now owns 11,498 shares of the chip maker’s stock valued at $261,000 after buying an additional 6,090 shares during the period. Alta Advisers Ltd increased its stake in shares of Intel by 77.7% during the first quarter. Alta Advisers Ltd now owns 25,621 shares of the chip maker’s stock worth $582,000 after buying an additional 11,200 shares during the period. Deseret Mutual Benefit Administrators raised its holdings in Intel by 8.7% in the first quarter. Deseret Mutual Benefit Administrators now owns 27,116 shares of the chip maker’s stock valued at $616,000 after acquiring an additional 2,159 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in Intel in the first quarter worth approximately $869,000. Finally, Altus Wealth Group LLC grew its holdings in Intel by 15.7% during the 1st quarter. Altus Wealth Group LLC now owns 33,526 shares of the chip maker’s stock worth $761,000 after acquiring an additional 4,561 shares in the last quarter. Hedge funds and other 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.