Intel (NASDAQ: INTC) received a number of ratings updates from brokerages and research firms in the last week:

  • Intel was downgraded by analysts at Sanford C. Bernstein from a “market perform” rating to an “underperform” rating. They now have a $20.00 price target on the stock.
  • Intel had its price target lowered by analysts at Robert W. Baird from $32.00 to $26.00. They now have an “outperform” rating on the stock.
  • Intel was downgraded by analysts at Sanford C. Bernstein from a “market perform” rating to an “underperform” rating. They now have a $20.00 price target on the stock.
  • Intel had its price target lowered by analysts at MKM Partners to $27.00. They now have a “buy” rating on the stock.
  • Intel had its “equalweight” rating reaffirmed by analysts at Barclays Capital. They now have a $22.00 price target on the stock.
  • Intel had its “neutral” rating reaffirmed by analysts at Roth Capital. They now have a $25.00 price target on the stock.
  • Intel had its “neutral” rating reaffirmed by analysts at Piper Jaffray. They now have a $22.00 price target on the stock.
  • Intel was downgraded by analysts at Zacks from a “neutral” rating to an “underperform” rating. They now have a $20.00 price target on the stock. Zacks‘ analyst wrote, “We are downgrading Intel shares from Neutral to Underperform following the company’s lowered expectations for the next quarter. We think that weakness in mature markets, economic headwinds in some emerging markets, and pressure from tablets and other competitors are taking a toll on the company. We think current trends overshadow Intel’s $0.04 positive surprise versus the Zacks Consensus in the second quarter that was driven by strength in server and software businesses and supported by a moderate PC business. However, we remain positive about Intel’s dominance in the high-margin server segment and promise of success in the mobile segment, although competition from ARM-based devices continues to intensify. We believe that Ultrabooks and Win-8 are wild cards this holiday season and could skew results either way. “
  • Intel had its price target lowered by analysts at Sterne Agee from $22.00 to $20.00. They now have a “neutral” rating on the stock.
  • Intel had its “market perform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $21.00 price target on the stock.
  • Intel ‘s EPS estimates were cut by analysts at UBS AG. They now have a $29.00 price target on the stock.
  • Intel had its price target lowered by analysts at Stifel Nicolaus to $28.00. They wrote, “While the PC market will see a plethora of Win 8 based products introduced in coming weeks, macroeconomic uncertainties combined with lack of ‘need to have’ marketing have kept expectations uncertain, at best. [W]e believe Intel management is making the right moves to navigate through this weak demand period without slowing its strategy for introducing lower power, higher performance processors.”

Intel opened at 21.79 on Thursday. Intel has a 1-year low of $21.27 and a 1-year high of $29.27. The company has a market cap of $109.0 billion and a price-to-earnings ratio of 9.25.

Intel Corporation designs and manufactures integrated digital technology platforms. A platform consists of a microprocessor and chipset.