Intel (NASDAQ:INTC) Stock Price Expected to Rise, Cantor Fitzgerald Analyst Says

Intel (NASDAQ:INTC) had its target price boosted by equities researchers at Cantor Fitzgerald from $22.00 to $29.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the chip maker’s stock. Cantor Fitzgerald’s target price suggests a potential upside of 12.75% from the company’s current price.

Other analysts also recently issued research reports about the stock. Stifel Nicolaus reduced their price target on shares of Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Mizuho cut their price objective on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Northland Securities cut their price objective on shares of Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Benchmark reaffirmed a “hold” rating on shares of Intel in a report on Friday, January 31st. Finally, Barclays cut their price objective on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Five equities research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $26.88.

Intel Stock Performance

NASDAQ:INTC opened at $25.72 on Tuesday. The company has a fifty day moving average of $20.53 and a 200-day moving average of $21.56. The firm has a market capitalization of $111.37 billion, a P/E ratio of -5.87 and a beta of 1.08. 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 has a twelve month low of $18.51 and a twelve month high of $46.63.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing the consensus estimate 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, sell-side analysts anticipate that Intel will post -0.11 EPS for the current year.

Hedge Funds Weigh In On Intel

Hedge funds and other institutional investors have recently made changes to their positions in the company. Finley Financial LLC purchased a new stake in shares of Intel during the 4th quarter worth $25,000. Synergy Investment Management LLC purchased a new stake in shares of Intel during the 4th quarter worth $27,000. BankPlus Trust Department purchased a new stake in shares of Intel during the 4th quarter worth $28,000. Keystone Financial Group Inc. purchased a new stake in shares of Intel during the 4th quarter worth $29,000. Finally, Quest Partners LLC lifted its stake in shares of Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after purchasing an additional 1,253 shares during the last quarter. Institutional investors 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.