Sanford C. Bernstein Issues Pessimistic Forecast for Intel (NASDAQ:INTC) Stock Price
Sanford C. Bernstein has lowered its price target for Intel (NASDAQ: INTC) from $25.00 to $21.00, maintaining a "market perform" rating. This suggests an 8.25% potential upside from the current price. Other analysts have also adjusted their targets, with Wells Fargo reducing theirs to $25.00 and Barclays to $19.00. Currently, Intel has a consensus rating of "Hold" with an average price target of $24.25. The stock is trading at $19.40, with a market cap of $84.59 billion and a negative earnings per share forecast for the year.
Intel (NASDAQ:INTC - Get Free Report) had its price target decreased by investment analysts at Sanford C. Bernstein from $25.00 to $21.00 in a report released on Tuesday,Benzinga reports. The firm currently has a "market perform" rating on the chip maker's stock. Sanford C. Bernstein's price target would suggest a potential upside of 8.25% from the stock's current price.
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Several other analysts have also weighed in on the company. Wells Fargo & Company cut their price objective on Intel from $28.00 to $25.00 and set an "equal weight" rating for the company in a report on Friday, January 31st. Bank of America raised Intel from an "underperform" rating to a "neutral" rating and raised their price objective for the stock from $19.00 to $25.00 in a research note on Thursday, March 13th. Barclays reduced their target price on Intel from $23.00 to $19.00 and set an "equal weight" rating for the company in a report on Tuesday. Stifel Nicolaus decreased their target price on shares of Intel from $25.00 to $21.00 and set a "hold" rating for the company in a report on Friday, January 31st. Finally, Cantor Fitzgerald decreased their target price on Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a research report on Monday. Four analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $24.25.
Read Our Latest Report on Intel
Intel Stock Performance
- Tariff Exemptions Set the Stage for a Taiwan Semiconductor Rally
Shares of NASDAQ INTC traded up $0.56 during mid-day trading on Tuesday, hitting $19.40. The company had a trading volume of 46,591,052 shares, compared to its average volume of 78,544,172. Intel has a 12 month low of $17.67 and a 12 month high of $37.16. The stock has a market cap of $84.59 billion, a price-to-earnings ratio of -4.45 and a beta of 1.13. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The firm's 50 day simple moving average is $22.26 and its two-hundred day simple moving average is $21.93.
Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. As a group, equities research analysts forecast that Intel will post -0.11 earnings per share for the current year.
Institutional Inflows and Outflows
- Intel-Taiwan Semiconductor Alliance Fuels Turnaround Hopes
Several institutional investors have recently modified their holdings of INTC. Finley Financial LLC bought a new stake in Intel in the fourth quarter valued at approximately $25,000. Synergy Investment Management LLC acquired a new stake in Intel during the 4th quarter valued at $27,000. Vermillion Wealth Management Inc. bought a new position in Intel during the fourth quarter worth $27,000. BankPlus Trust Department acquired a new position in shares of Intel in the fourth quarter valued at $28,000. Finally, Keystone Financial Group Inc. bought a new position in shares of Intel in the fourth quarter valued at about $29,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.
Intel Company Profile
(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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