Investment analysts at Citigroup increased their target price on shares of Intel (NASDAQ: INTC)
Shares of Intel traded down 5.78% during mid-day trading on Friday, hitting $21.37. Intel has a one year low of $19.23 and a one year high of $29.27. The stock?s 50-day moving average is currently $20.83. The company has a market cap of $106.3 billion and a P/E ratio of 9.89.
Intel last issued its quarterly earnings data on Thursday, January 17th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.03. The company had revenue of $13.50 million for the quarter, compared to the consensus estimate of $13.76 billion. During the same quarter in 2012, the company posted $0.64 earnings per share. Intel?s revenue was down 3.0% compared to the same quarter last year. On average, analysts predict that Intel will post $1.93 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on INTC. Analysts at FBR Capital reiterated a ?market perform? rating on shares of Intel in a research note to investors on Wednesday. They now have a $23.00 price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated an ?underperform? rating on shares of Intel in a research note to investors on Tuesday. They now have a $18.00 price target on the stock. Finally, analysts at ISI Group reiterated a ?buy? rating on shares of Intel in a research note to investors on Wednesday, January 9th. They now have a $25.00 price target on the stock. Sixteen equities research analysts have rated the stock with a buy rating, three have issued an overweight rating, twenty-six have issued a hold rating, three have issued an underweight rating, and five have assigned a sell rating to the company. The stock currently has an average rating of ?hold? and a consensus target price of $22.82.
Intel Corporation designs and manufactures integrated digital technology platforms. A platform consists of a microprocessor and chipset.