Stifel Nicolaus Issues Pessimistic Forecast for Intel (NASDAQ:INTC) Stock Price

Intel (NASDAQ:INTC) had its price objective lowered by Stifel Nicolaus from $25.00 to $21.00 in a research report sent to investors on Friday,Benzinga reports. Stifel Nicolaus currently has a hold rating on the chip maker’s stock.

A number of other research analysts also recently weighed in on INTC. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Wells Fargo & Company dropped their target price on Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday. Needham & Company LLC restated a “hold” rating on shares of Intel in a research note on Friday. UBS Group reduced their price target on Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a research note on Thursday, October 3rd. Five equities research 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. Based on data from MarketBeat, Intel currently has an average rating of “Hold” and a consensus target price of $26.60.

Intel Price Performance

Shares of INTC stock opened at $19.43 on Friday. Intel has a one year low of $18.51 and a one year high of $46.63. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The stock’s fifty day simple moving average is $20.78 and its 200 day simple moving average is $22.43. The firm has a market cap of $83.80 billion, a price-to-earnings ratio of -5.22, a P/E/G ratio of 9.64 and a beta of 1.07.

Intel (NASDAQ:INTC) last issued 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 return on equity of 1.71% and a negative net margin of 29.42%. On average, analysts expect that Intel will post -0.87 earnings per share for the current fiscal year.

Insider Transactions at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the sale, the executive vice president now directly owns 273,258 shares in the company, valued at $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Finley Financial LLC bought a new stake in Intel in the fourth quarter valued at approximately $25,000. Keystone Financial Group Inc. bought a new position in shares of Intel in the 4th quarter worth approximately $29,000. Quest Partners LLC increased its stake in shares of Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after acquiring an additional 1,253 shares in the last quarter. West Financial Advisors LLC purchased a new stake in shares of Intel in the 4th quarter worth approximately $31,000. Finally, Groupama Asset Managment boosted its stake in Intel by 6.3% in the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after purchasing an additional 8,084 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

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.