Wells Fargo & Company Issues Pessimistic Forecast for Intel (NASDAQ:INTC) Stock Price

Intel (NASDAQ:INTC) had its price target lowered by research analysts at Wells Fargo & Company from $28.00 to $25.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the chip maker’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 23.93% from the company’s previous close.

Several other analysts also recently weighed in on the company. Robert W. Baird lifted their target price on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Mizuho cut their price target on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Benchmark reissued a “hold” rating on shares of Intel in a research report on Friday. HSBC upgraded shares of Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Finally, Stifel Nicolaus restated a “hold” rating and set a $25.00 target price (down previously from $28.00) on shares of Intel in a report on Friday, October 25th. Five research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Intel has an average rating of “Hold” and a consensus price target of $27.08.

Intel Trading Up 0.8 %

Shares of NASDAQ:INTC traded up $0.16 during trading on Friday, hitting $20.17. The company had a trading volume of 44,473,752 shares, compared to its average volume of 69,708,031. 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 company has a fifty day simple moving average of $20.88 and a two-hundred day simple moving average of $22.62. The stock has a market cap of $87.00 billion, a price-to-earnings ratio of -5.41, a price-to-earnings-growth ratio of 9.64 and a beta of 1.07. Intel has a one year low of $18.51 and a one year high of $46.63.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. As a group, equities analysts forecast that Intel will post -0.87 earnings per share for the current year.

Insider Activity

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.04% of the company’s stock.

Hedge Funds Weigh In On Intel

Several large investors have recently modified their holdings of INTC. Finley Financial LLC acquired a new position in Intel during the 4th quarter worth approximately $25,000. Keystone Financial Group Inc. purchased a new position in Intel in the fourth quarter valued at $29,000. Quest Partners LLC raised its stake in Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after buying an additional 1,253 shares in the last quarter. West Financial Advisors LLC purchased a new stake in Intel during the 4th quarter worth about $31,000. Finally, Groupama Asset Managment boosted its position in shares of Intel by 6.3% during the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after acquiring an additional 8,084 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

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.