Intel (NASDAQ:INTC) Price Target Lowered to $20.00 at JPMorgan Chase & Co.

Intel (NASDAQ:INTC) had its target price cut by JPMorgan Chase & Co. from $23.00 to $20.00 in a research report report published on Friday morning, MarketBeat Ratings reports. They currently have an underweight rating on the chip maker’s stock.

Several other research firms have also recently weighed in on INTC. Citigroup decreased 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. Cantor Fitzgerald lowered their price objective on shares of Intel from $29.00 to $20.00 and set a “neutral” rating on the stock in a research note on Monday, April 21st. Bank of America upgraded shares of Intel from an “underperform” rating to a “neutral” rating and raised their target price for the company from $19.00 to $25.00 in a research note on Thursday, March 13th. Roth Mkm lowered their price target on Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Finally, Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Six equities research analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $22.83.

Intel Stock Performance

Shares of INTC stock opened at $20.05 on Friday. The firm has a market cap of $87.43 billion, a PE ratio of -4.58 and a beta of 1.13. Intel has a 12 month low of $17.67 and a 12 month high of $37.16. The company’s fifty day simple moving average is $21.92 and its 200-day simple moving average is $21.87. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.12. The company had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. During the same period in the prior year, the business posted $0.18 EPS. Equities research analysts expect that Intel will post -0.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Intel

A number of institutional investors have recently modified their holdings of INTC. Finley Financial LLC bought a new position in shares of Intel in the fourth quarter worth about $25,000. Synergy Investment Management LLC bought a new position in Intel in the 4th quarter valued at approximately $27,000. Vermillion Wealth Management Inc. bought a new stake in shares of Intel during the fourth quarter worth $27,000. BankPlus Trust Department acquired a new position in shares of Intel during the fourth quarter worth $28,000. Finally, Keystone Financial Group Inc. bought a new position in shares of Intel in the 4th quarter valued at $29,000. 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.