Intel (NASDAQ:INTC) Rating Reiterated by Wedbush

Intel (NASDAQ:INTC)‘s stock had its “neutral” rating reiterated by equities research analysts at Wedbush in a report issued on Wednesday, Benzinga reports. They currently have a $40.00 price objective on the chip maker’s stock. Wedbush’s price objective would suggest a potential upside of 14.16% from the company’s previous close.

INTC has been the subject of a number of other reports. Susquehanna reaffirmed a “neutral” rating and set a $42.00 price target on shares of Intel in a report on Thursday, April 4th. Wells Fargo & Company lowered their target price on Intel from $48.00 to $43.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 9th. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research note on Friday, January 26th. Stifel Nicolaus reissued a “hold” rating and issued a $45.00 price target on shares of Intel in a report on Wednesday, April 3rd. Finally, Mizuho dropped their price objective on Intel from $58.00 to $55.00 and set a “buy” rating on the stock in a report on Friday, January 26th. Four analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $42.62.

Intel Trading Down 1.8 %

Shares of INTC opened at $35.04 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15. Intel has a 12 month low of $26.85 and a 12 month high of $51.28. The stock has a market cap of $148.15 billion, a PE ratio of 89.85, a P/E/G ratio of 3.21 and a beta of 1.00. The stock’s 50-day moving average is $42.03 and its two-hundred day moving average is $42.30.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, topping the consensus estimate of $0.27 by $0.27. Intel had a return on equity of 1.64% and a net margin of 3.11%. The firm had revenue of $15.40 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same period in the previous year, the company posted $0.10 EPS. Intel’s revenue for the quarter was up 9.7% on a year-over-year basis. Equities analysts forecast that Intel will post 0.62 earnings per share for the current fiscal year.

Insider Transactions at Intel

In other news, CEO Patrick P. Gelsinger bought 3,000 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was acquired at an average price of $43.36 per share, with a total value of $130,080.00. Following the completion of the purchase, the chief executive officer now directly owns 28,475 shares of the company’s stock, valued at approximately $1,234,676. The acquisition was disclosed in a filing with the SEC, which is available at this link. In other Intel news, CEO Patrick P. Gelsinger acquired 2,800 shares of the stock in a transaction dated Thursday, February 1st. The shares were bought at an average price of $42.74 per share, with a total value of $119,672.00. Following the purchase, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Patrick P. Gelsinger bought 3,000 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were acquired at an average cost of $43.36 per share, with a total value of $130,080.00. Following the completion of the purchase, the chief executive officer now owns 28,475 shares of the company’s stock, valued at $1,234,676. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. New Millennium Group LLC raised its position in shares of Intel by 87.2% during the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock worth $25,000 after purchasing an additional 231 shares during the period. Cornerstone Planning Group LLC acquired a new stake in Intel during the 2nd quarter worth about $25,000. Frazier Financial Advisors LLC acquired a new stake in Intel during the 4th quarter worth about $27,000. Burkett Financial Services LLC acquired a new position in shares of Intel in the fourth quarter worth about $27,000. Finally, Tributary Capital Management LLC acquired a new position in shares of Intel in the first quarter worth about $27,000. Institutional investors own 64.53% of the company’s stock.

About Intel

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.