Semiconductor giant Intel ( INTC , Financial ) shares dipped 1.5% on Tuesday following Mizuho slashed its price estimate to $21.00 from $23.00 . The stock hit an intraday low of $18.75 before paring some of the losses to reach $18.81 at midday. Turnover was equally low, with 15,160,885 shares changing hands while it traded 53,040,594 shares in a normal session. It is currently trading at $18.91 at the time of writing.

The revision by Mizuho is the neutral stance on Intel, while the concern of investors is still a cause for great concern about its performance. Many other analysts have also recently revised their projections on the world's largest semiconductor maker. The target was changed by Northland Securities from $42.00 to $28.00 with an Outperform rating. Recently, analysts from Needham & Company reiterated the Hold' rating, and Robert W. Baird raised its ceiling price target from $20.00 to $25.00 and labelled it a Neutral' stock.

Although there was some level of optimism, it is not without risks that are a major problem in the stock. Deutsche set it to hold, cutting it from $27.00 and Rosenblatt set it to sell, cutting it from $17.00. MarketBeat says that Intel has an average rating of Hold with an average target price of $29.96.

This article first appeared on GuruFocus .