Intel (NASDAQ:INTC) PT Lowered to $25.00

Intel (NASDAQ:INTC) had its target price cut by equities research analysts at Roth Mkm from $35.00 to $25.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the chip maker’s stock. Roth Mkm’s price objective indicates a potential upside of 16.39% from the company’s current price.

Several other research firms also recently weighed in on INTC. Truist Financial reduced their price objective on shares of Intel from $33.00 to $25.00 and set a “hold” rating for the company in a report on Friday. Mizuho reduced their price objective on shares of Intel from $55.00 to $45.00 and set a “buy” rating for the company in a report on Friday, April 26th. Bank of America downgraded shares of Intel from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $35.00 to $23.00 in a report on Friday. TD Cowen reduced their price objective on shares of Intel from $35.00 to $25.00 and set a “hold” rating for the company in a report on Friday. Finally, Citigroup dropped their price target on shares of Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, April 15th. Five research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $33.41.

Intel Stock Performance

INTC stock opened at $21.48 on Friday. The company has a market capitalization of $91.44 billion, a P/E ratio of 22.38, a PEG ratio of 17.38 and a beta of 1.05. The company has a 50-day simple moving average of $31.35 and a 200 day simple moving average of $36.77. Intel has a fifty-two week low of $20.42 and a fifty-two week high of $51.28. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43.

Hedge Funds Weigh In On Intel

A number of large investors have recently made changes to their positions in the business. Slow Capital Inc. grew its stake in shares of Intel by 0.9% in the 4th quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock valued at $2,749,000 after buying an additional 508 shares in the last quarter. Altus Wealth Group LLC grew its stake in shares of Intel by 29.4% in the 4th quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock valued at $1,272,000 after buying an additional 5,759 shares in the last quarter. Orion Portfolio Solutions LLC grew its stake in shares of Intel by 3.1% in the 4th quarter. Orion Portfolio Solutions LLC now owns 98,320 shares of the chip maker’s stock valued at $4,764,000 after buying an additional 2,915 shares in the last quarter. Brookstone Capital Management grew its stake in shares of Intel by 65.2% in the 1st quarter. Brookstone Capital Management now owns 69,096 shares of the chip maker’s stock valued at $3,052,000 after buying an additional 27,274 shares in the last quarter. Finally, Callan Capital LLC grew its stake in shares of Intel by 9.1% in the 4th quarter. Callan Capital LLC now owns 17,585 shares of the chip maker’s stock valued at $884,000 after buying an additional 1,474 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

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.