Intel (NASDAQ:INTC) Given New $29.00 Price Target at Cantor Fitzgerald

Intel (NASDAQ:INTC) had its price objective upped by Cantor Fitzgerald from $22.00 to $29.00 in a report published on Tuesday,Benzinga reports. They currently have a neutral rating on the chip maker’s stock.

Other equities analysts have also recently issued reports about the company. Barclays dropped their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Citigroup dropped their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a report on Friday, January 31st. Truist Financial dropped their price objective on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Finally, Stifel Nicolaus dropped their price objective on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Five analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $26.88.

Intel Stock Performance

INTC opened at $27.39 on Tuesday. The business has a fifty day simple moving average of $20.38 and a 200 day simple moving average of $21.52. The company has a market capitalization of $118.60 billion, a PE ratio of -6.25 and a beta of 1.08. Intel has a 1 year low of $18.51 and a 1 year high of $46.63. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) 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%. Research analysts expect that Intel will post -0.11 EPS for the current year.

Institutional Investors Weigh In On Intel

Institutional investors have recently made changes to their positions in the stock. Finley Financial LLC bought a new stake in shares of Intel in the 4th quarter valued at about $25,000. Synergy Investment Management LLC bought a new stake in shares of Intel in the 4th quarter valued at about $27,000. BankPlus Trust Department bought a new stake in shares of Intel in the 4th quarter valued at about $28,000. Keystone Financial Group Inc. bought a new stake in shares of Intel during the 4th quarter valued at about $29,000. Finally, Quest Partners LLC boosted its position 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 valued at $30,000 after purchasing an additional 1,253 shares in 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.