Northland Securities Lowers Intel (NASDAQ:INTC) Price Target to $28.00

Intel (NASDAQ:INTC) had its target price lowered by Northland Securities from $42.00 to $28.00 in a report issued on Friday morning, Benzinga reports. Northland Securities currently has an outperform rating on the chip maker’s stock.

Other equities analysts have also issued reports about the stock. Bank of America lowered shares of Intel from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $35.00 to $23.00 in a research report on Friday, August 2nd. Hsbc Global Res lowered shares of Intel from a “hold” rating to a “moderate sell” rating in a research report on Friday, August 2nd. Roth Mkm lowered their price target on shares of Intel from $35.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Daiwa America raised shares of Intel to a “hold” rating in a research report on Monday, August 26th. Finally, The Goldman Sachs Group lowered their price target on shares of Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a research report on Thursday, October 17th. Six analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $30.12.

Intel Stock Performance

Shares of INTC stock opened at $23.20 on Friday. The stock has a market cap of $99.20 billion, a P/E ratio of -6.24 and a beta of 1.03. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.59 and a quick ratio of 1.24. The company has a fifty day moving average price of $21.79 and a two-hundred day moving average price of $26.90. Intel has a one year low of $18.51 and a one year high of $51.28.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, August 1st. The chip maker reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). The firm had revenue of $12.80 billion during the quarter, compared to analyst estimates of $12.92 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.68%. The business’s revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.05) EPS. As a group, equities analysts predict that Intel will post -0.47 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. America First Investment Advisors LLC acquired a new position in shares of Intel in the 2nd quarter worth approximately $25,000. Cyrus J. Lawrence LLC acquired a new position in shares of Intel in the 2nd quarter worth approximately $27,000. Spartan Fund Management Inc. acquired a new position in shares of Intel in the 2nd quarter worth approximately $31,000. Financial Connections Group Inc. acquired a new position in shares of Intel in the 2nd quarter worth approximately $32,000. Finally, Triad Wealth Partners LLC acquired a new position in shares of Intel during the 2nd quarter valued at $33,000. Institutional investors and hedge funds 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.