Morgan Stanley Increases Intel (NASDAQ:INTC) Price Target to $48.00

Intel (NASDAQ:INTCGet Free Report) had its price objective lifted by Morgan Stanley from $39.00 to $48.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has an “equal weight” rating on the chip maker’s stock. Morgan Stanley’s price target would suggest a potential upside of 11.84% from the company’s current price.

A number of other equities analysts also recently issued reports on INTC. The Goldman Sachs Group increased their price target on Intel from $34.00 to $39.00 and gave the stock a “sell” rating in a research report on Friday, January 26th. Barclays raised their price objective on Intel from $32.00 to $44.00 and gave the company an “equal weight” rating in a report on Tuesday, January 16th. Northland Securities raised their price objective on Intel from $45.00 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, October 4th. Needham & Company LLC reissued a “hold” rating on shares of Intel in a report on Friday, January 26th. Finally, Mizuho lowered their price target on Intel from $58.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $41.48.

Get Our Latest Report on Intel

Intel Stock Performance

INTC stock opened at $42.92 on Monday. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43. The business’s fifty day simple moving average is $46.21 and its two-hundred day simple moving average is $39.54. Intel has a twelve month low of $24.73 and a twelve month high of $51.28. The firm has a market cap of $180.95 billion, a price-to-earnings ratio of 110.67, a PEG ratio of 5.03 and a beta of 0.99.

Intel (NASDAQ:INTCGet Free Report) last released its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.27. Intel had a return on equity of 1.64% and a net margin of 3.11%. The business had revenue of $15.40 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same quarter last year, the firm posted $0.10 earnings per share. The business’s revenue was up 9.7% compared to the same quarter last year. Analysts predict that Intel will post 1.22 earnings per share for the current year.

Insider Buying and Selling

In other Intel news, CEO Patrick P. Gelsinger acquired 3,000 shares of the stock in a transaction dated Monday, January 29th. The stock was acquired at an average cost of $43.36 per share, with a total value of $130,080.00. Following the transaction, the chief executive officer now owns 28,475 shares in the company, valued at approximately $1,234,676. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.04% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Barrett & Company Inc. boosted its position in shares of Intel by 6.1% during the 4th quarter. Barrett & Company Inc. now owns 3,662 shares of the chip maker’s stock worth $184,000 after acquiring an additional 210 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in shares of Intel by 3.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 7,397 shares of the chip maker’s stock valued at $372,000 after purchasing an additional 216 shares during the period. New Millennium Group LLC boosted its position in shares of Intel by 87.2% in the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after purchasing an additional 231 shares during the period. Waldron Private Wealth LLC boosted its position in shares of 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. Finally, Spreng Capital Management Inc. boosted its position in shares of Intel by 1.3% in the 4th quarter. Spreng Capital Management Inc. now owns 19,644 shares of the chip maker’s stock valued at $987,000 after purchasing an additional 246 shares during the period. 60.84% of the stock is owned by institutional investors and hedge funds.

Intel Company Profile

(Get Free Report)

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, Accelerated Computing Systems and Graphics, Intel Foundry Services, and Other segments. The company offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and accelerators, boards and systems, connectivity products, and memory and storage products.

See Also

Analyst Recommendations for Intel (NASDAQ:INTC)

Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.