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

Intel (NASDAQ:INTC) had its price target reduced by Stifel Nicolaus from $25.00 to $21.00 in a research note published on Friday,Benzinga reports. Stifel Nicolaus currently has a hold rating on the chip maker’s stock.

Other analysts also recently issued reports about the stock. Rosenblatt Securities reissued a “sell” rating and set a $20.00 price target on shares of Intel in a report on Thursday. Truist Financial dropped their price target on shares of Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research note on Friday. Citigroup lowered their target price on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $22.00 price objective on shares of Intel in a research note on Friday. Five research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $26.60.

Intel Stock Down 2.9 %

Intel stock opened at $19.43 on Friday. The business has a fifty day moving average price of $20.78 and a 200-day moving average price of $22.43. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. Intel has a 1-year low of $18.51 and a 1-year high of $46.63. The stock has a market capitalization of $83.80 billion, a price-to-earnings ratio of -5.22, 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%. Equities research analysts forecast that Intel will post -0.87 EPS for the current fiscal year.

Insider Activity at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the sale, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.04% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in INTC. Finley Financial LLC bought a new stake in shares of Intel in the 4th quarter worth approximately $25,000. Keystone Financial Group Inc. bought a new stake in Intel in the fourth quarter worth about $29,000. Quest Partners LLC increased its holdings in shares of Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after buying an additional 1,253 shares in the last quarter. West Financial Advisors LLC purchased a new position in Intel in the 4th quarter worth about $31,000. Finally, Groupama Asset Managment grew its position in Intel by 6.3% during the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after purchasing an additional 8,084 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

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.