Analysts Set Intel Co. (NASDAQ:INTC) PT at $42.62

Intel Co. (NASDAQ:INTC) has received an average rating of “Hold” from the twenty-eight research firms that are currently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a sell rating, nineteen have given a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $42.38.

Several equities analysts have recently weighed in on the company. Wells Fargo & Company cut their price objective on Intel from $48.00 to $43.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 9th. Cantor Fitzgerald reissued a “neutral” rating and set a $50.00 price objective on shares of Intel in a research report on Wednesday, April 3rd. The Goldman Sachs Group raised their price objective on shares of Intel from $34.00 to $39.00 and gave the stock a “sell” rating in a report on Friday, January 26th. UBS Group upped their target price on shares of Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a research note on Monday, April 1st. Finally, Raymond James dropped their price target on Intel from $54.00 to $52.00 and set an “outperform” rating on the stock in a research note on Friday, January 26th.

Intel Price Performance

Shares of INTC stock opened at $35.11 on Tuesday. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43. Intel has a 12-month low of $26.85 and a 12-month high of $51.28. The firm has a fifty day moving average of $41.11 and a 200-day moving average of $42.25. The firm has a market capitalization of $148.45 billion, a price-to-earnings ratio of 90.03, a price-to-earnings-growth ratio of 3.08 and a beta of 1.00.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share 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 earnings per share. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, equities research analysts forecast that Intel will post 0.61 earnings per share for the current year.

Insider Buying and Selling

In other Intel news, CEO Patrick P. Gelsinger acquired 2,800 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were purchased at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the purchase, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO Patrick P. Gelsinger bought 3,000 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was bought at an average price of $43.36 per share, for a total transaction of $130,080.00. Following the purchase, 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 Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Patrick P. Gelsinger purchased 2,800 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was bought at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the purchase, the chief executive officer now owns 31,275 shares in the company, valued at approximately $1,336,693.50. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Intel

Several hedge funds have recently bought and sold shares of INTC. KG&L Capital Management LLC acquired a new position in Intel in the 1st quarter valued at $601,000. Verdence Capital Advisors LLC boosted its position in shares of Intel by 1.8% in the first quarter. Verdence Capital Advisors LLC now owns 67,759 shares of the chip maker’s stock valued at $2,993,000 after acquiring an additional 1,179 shares during the period. Terra Nova Asset Management LLC grew its stake in shares of Intel by 70.8% in the first quarter. Terra Nova Asset Management LLC now owns 52,913 shares of the chip maker’s stock valued at $2,337,000 after acquiring an additional 21,927 shares in the last quarter. Checchi Capital Advisers LLC increased its position in Intel by 3.1% during the first quarter. Checchi Capital Advisers LLC now owns 33,860 shares of the chip maker’s stock worth $1,496,000 after acquiring an additional 1,008 shares during the period. Finally, Latitude Advisors LLC acquired a new stake in Intel in the 1st quarter worth about $232,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Company Profile

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.