Stifel Nicolaus Lowers Intel (NASDAQ:INTC) Price Target to $21.00

Intel (NASDAQ:INTC) had its price objective dropped by analysts at Stifel Nicolaus from $25.00 to $21.00 in a report released on Friday,Benzinga reports. The firm presently has a “hold” rating on the chip maker’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 5.08% from the stock’s current price.

Several other equities analysts have also recently weighed in on the company. Truist Financial cut their price target on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a report on Friday. Bank of America restated an “underperform” rating and set a $21.00 price objective on shares of Intel in a report on Tuesday, December 3rd. The Goldman Sachs Group lowered their target price on Intel from $22.00 to $21.00 and set a “sell” rating for the company in a report on Thursday, October 17th. HSBC upgraded Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, Needham & Company LLC reissued a “hold” rating on shares of Intel in a research report on Friday. Five research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $26.72.

Intel Stock Performance

INTC stock traded down $0.03 during trading on Friday, reaching $19.98. The stock had a trading volume of 55,807,877 shares, compared to its average volume of 70,376,969. Intel has a 52 week low of $18.51 and a 52 week high of $46.63. The stock’s 50 day moving average is $20.88 and its two-hundred day moving average is $22.62. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. The firm has a market cap of $86.19 billion, a PE ratio of -5.37, a PEG ratio of 9.64 and a beta of 1.07.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. As a group, equities analysts anticipate that Intel will post -0.87 earnings per share for the current year.

Insiders Place Their Bets

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the transaction, the executive vice president now owns 273,258 shares in the company, valued at approximately $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.04% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Intel

A number of hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. raised its holdings in shares of Intel by 0.4% during the fourth quarter. Principal Financial Group Inc. now owns 4,847,693 shares of the chip maker’s stock valued at $97,196,000 after acquiring an additional 20,570 shares during the last quarter. Capital Performance Advisors LLP increased its stake in Intel by 533.9% during the fourth quarter. Capital Performance Advisors LLP now owns 9,851 shares of the chip maker’s stock worth $198,000 after acquiring an additional 8,297 shares during the last quarter. Sierra Ocean LLC acquired a new stake in Intel during the fourth quarter worth $36,000. Csenge Advisory Group boosted its position in shares of Intel by 10.0% during the fourth quarter. Csenge Advisory Group now owns 41,739 shares of the chip maker’s stock worth $837,000 after buying an additional 3,780 shares during the period. Finally, Strategic Financial Concepts LLC purchased a new position in shares of Intel during the fourth quarter worth $782,000. Hedge funds and other institutional investors 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.