Intel (NASDAQ:INTC) Price Target Cut to $26.00 by Analysts at Susquehanna

Intel (NASDAQ:INTC) had its price objective lowered by research analysts at Susquehanna from $35.00 to $26.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the chip maker’s stock. Susquehanna’s price target indicates a potential downside of 10.50% from the stock’s current price.

A number of other equities research analysts have also issued reports on the stock. Citigroup cut their price target on shares of Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a report on Monday, April 15th. JPMorgan Chase & Co. cut their price target on shares of Intel from $37.00 to $35.00 and set an “underweight” rating on the stock in a report on Friday, April 26th. Raymond James lowered shares of Intel from an “outperform” rating to a “market perform” rating in a research note on Friday. Jefferies Financial Group began coverage on shares of Intel in a research note on Monday, May 13th. They issued a “hold” rating and a $34.00 price objective on the stock. Finally, The Goldman Sachs Group dropped their price objective on shares of Intel from $34.00 to $30.00 and set a “sell” rating on the stock in a research note on Thursday, May 9th. Five research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $36.91.

Intel Stock Down 5.5 %

INTC stock opened at $29.05 on Friday. Intel has a 52-week low of $28.89 and a 52-week high of $51.28. The company’s 50 day simple moving average is $31.54 and its 200-day simple moving average is $37.02. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14. The firm has a market capitalization of $123.67 billion, a P/E ratio of 30.26, a P/E/G ratio of 18.39 and a beta of 1.05.

Institutional Trading of Intel

Several large investors have recently modified their holdings of the company. Barrett & Company Inc. boosted its holdings in Intel by 6.1% in the 4th quarter. Barrett & Company Inc. now owns 3,662 shares of the chip maker’s stock valued at $184,000 after purchasing an additional 210 shares during the period. Waldron Private Wealth LLC boosted its holdings in Intel by 0.6% in the 4th quarter. Waldron Private Wealth LLC now owns 41,074 shares of the chip maker’s stock valued at $2,063,000 after purchasing an additional 232 shares during the period. Valley National Advisers Inc. boosted its holdings in Intel by 4.3% in the 4th quarter. Valley National Advisers Inc. now owns 5,974 shares of the chip maker’s stock valued at $300,000 after purchasing an additional 246 shares during the period. Lester Murray Antman dba SimplyRich boosted its holdings in Intel by 1.1% in the 4th quarter. Lester Murray Antman dba SimplyRich now owns 22,179 shares of the chip maker’s stock valued at $1,114,000 after purchasing an additional 247 shares during the period. Finally, Johnson Financial Group Inc. boosted its holdings in Intel by 4.5% in the 4th quarter. Johnson Financial Group Inc. now owns 5,730 shares of the chip maker’s stock valued at $288,000 after purchasing an additional 247 shares during the period. 64.53% of the stock is 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.