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

by · The Cerbat Gem

Intel (NASDAQ:INTC – Get Free Report) had its price target upped by UBS Group from $21.00 to $25.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the chip maker’s stock. UBS Group’s target price would indicate a potential upside of 8.86% from the stock’s previous close.

INTC has been the topic of a number of other reports. Seaport Res Ptn upgraded Intel to a “strong sell” rating in a research note on Wednesday, April 30th. Mizuho lifted their price target on Intel from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, July 3rd. Wells Fargo & Company decreased their price target on Intel from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Friday, April 25th. JPMorgan Chase & Co. decreased their price target on Intel from $23.00 to $20.00 and set an “underweight” rating on the stock in a research note on Friday, April 25th. Finally, Wall Street Zen upgraded Intel from a “sell” rating to a “hold” rating in a research report on Saturday, May 24th. Five analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $21.95.

Read Our Latest Research Report on INTC

Intel Stock Performance

INTC traded down $0.46 on Monday, hitting $22.97. 6,149,722 shares of the company traded hands, compared to its average volume of 86,162,946. Intel has a 12-month low of $17.67 and a 12-month high of $37.16. The company has a 50 day moving average of $21.33 and a 200-day moving average of $21.32. The company has a quick ratio of 0.93, a current ratio of 1.31 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $100.18 billion, a PE ratio of -5.12 and a beta of 1.15.

Intel (NASDAQ:INTC – Get Free Report) last released its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.12. The business had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. The company’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 earnings per share. Sell-side analysts anticipate that Intel will post -0.11 earnings per share for the current year.

Institutional Trading of Intel

Several institutional investors have recently modified their holdings of INTC. Cornerstone Advisory LLC raised its stake in Intel by 4.3% during the 4th quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker’s stock worth $198,000 after buying an additional 409 shares during the period. Evergreen Capital Management LLC lifted its position in shares of Intel by 1.0% during the fourth quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker’s stock worth $840,000 after acquiring an additional 419 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of Intel by 0.3% during the fourth quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker’s stock worth $3,263,000 after acquiring an additional 456 shares in the last quarter. Verdence Capital Advisors LLC raised its position in shares of Intel by 1.1% in the first quarter. Verdence Capital Advisors LLC now owns 45,682 shares of the chip maker’s stock worth $1,037,000 after buying an additional 486 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC increased its stake in Intel by 23.1% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 2,614 shares of the chip maker’s stock valued at $59,000 after acquiring an additional 491 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

About Intel

(Get Free Report)

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.

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