Intel (NASDAQ:INTC) Now Covered by Jefferies Financial Group

Stock analysts at Jefferies Financial Group assumed coverage on shares of Intel (NASDAQ:INTCGet Free Report) in a report released on Monday, Briefing.com reports. The firm set a “hold” rating and a $34.00 price target on the chip maker’s stock. Jefferies Financial Group’s price target suggests a potential upside of 13.90% from the company’s current price.

Several other brokerages have also recently commented on INTC. TD Cowen decreased their price target on shares of Intel from $42.00 to $35.00 and set a “hold” rating for the company in a research report on Friday, April 26th. Truist Financial decreased their price target on shares of Intel from $45.00 to $33.00 and set a “hold” rating for the company in a research report on Friday, April 26th. Susquehanna decreased their price target on shares of Intel from $40.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, April 26th. Morgan Stanley decreased their price target on shares of Intel from $48.00 to $36.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $45.00 price target on shares of Intel in a research report on Wednesday, April 3rd. Four research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Intel presently has an average rating of “Hold” and a consensus target price of $39.58.

Check Out Our Latest Research Report on Intel

Intel Stock Down 0.8 %

Shares of INTC opened at $29.85 on Monday. The firm has a market cap of $127.07 billion, a P/E ratio of 31.09, a price-to-earnings-growth ratio of 6.73 and a beta of 1.09. Intel has a 12-month low of $26.85 and a 12-month high of $51.28. The company’s 50-day moving average price is $38.34 and its 200 day moving average price is $41.90. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43.

Insiders Place Their Bets

In other Intel news, CEO Patrick P. Gelsinger bought 4,100 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was bought at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the completion of the transaction, the chief executive officer now owns 39,375 shares in the company, valued at approximately $1,192,668.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Patrick P. Gelsinger purchased 4,000 shares of Intel stock in a transaction dated Monday, April 29th. The stock was acquired at an average cost of $31.42 per share, with a total value of $125,680.00. Following the completion of the transaction, the chief executive officer now directly owns 35,275 shares of the company’s stock, valued at $1,108,340.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Patrick P. Gelsinger purchased 4,100 shares of Intel stock in a transaction dated Wednesday, May 1st. The stock was bought at an average cost of $30.29 per share, with a total value of $124,189.00. Following the completion of the transaction, the chief executive officer now directly owns 39,375 shares of the company’s stock, valued at $1,192,668.75. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Intel

Institutional investors have recently modified their holdings of the company. New Millennium Group LLC raised its position in shares of Intel by 87.2% in the fourth 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. Burkett Financial Services LLC bought a new position in shares of Intel in the fourth quarter valued at approximately $27,000. Frazier Financial Advisors LLC bought a new stake in Intel in the fourth quarter valued at about $27,000. Tributary Capital Management LLC bought a new position in Intel during the first quarter worth about $27,000. Finally, Valued Wealth Advisors LLC acquired a new position in shares of Intel during the 4th quarter worth about $36,000. Institutional investors own 64.53% of the company’s stock.

About Intel

(Get Free Report)

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.

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