Cantor Fitzgerald Cuts Intel (NASDAQ:INTC) Price Target to $20.00

Intel (NASDAQ:INTC) had its price objective reduced by Cantor Fitzgerald from $29.00 to $20.00 in a research note issued to investors on Monday, Marketbeat Ratings reports. Cantor Fitzgerald currently has a neutral rating on the chip maker’s stock.

Several other brokerages have also commented on INTC. Barclays dropped their price target on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Wells Fargo & Company reduced their price target on Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Mizuho cut their price objective on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Susquehanna dropped their target price on shares of Intel from $24.00 to $22.00 and set a “neutral” rating on the stock in a report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. reduced their price objective on Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Intel currently has a consensus rating of “Hold” and a consensus target price of $25.00.

Intel Stock Performance

Shares of Intel stock opened at $18.84 on Monday. Intel has a 12 month low of $17.67 and a 12 month high of $37.16. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The stock has a market cap of $82.15 billion, a PE ratio of -4.30 and a beta of 1.13. The business has a fifty day simple moving average of $22.26 and a 200-day simple moving average of $21.93.

Intel (NASDAQ:INTC) last announced its quarterly earnings data 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 net margin of 35.32% and a negative return on equity of 3.27%. On average, sell-side analysts anticipate that Intel will post -0.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Finley Financial LLC acquired a new position in Intel during the 4th quarter worth $25,000. Synergy Investment Management LLC bought a new stake in shares of Intel during the 4th quarter valued at $27,000. Vermillion Wealth Management Inc. acquired a new position in shares of Intel in the 4th quarter valued at $27,000. BankPlus Trust Department acquired a new stake in shares of Intel during the fourth quarter worth $28,000. Finally, Keystone Financial Group Inc. bought a new stake in Intel in the fourth quarter valued at about $29,000. 64.53% of the stock is 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.